Wolf Franchise Limited - Accounts to registrar (filleted) - small 18.2

Wolf Franchise Limited - Accounts to registrar (filleted) - small 18.2

WOLF FRANCHISE LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v21.1.6.35 08692663 Board of Directors 1.11.19 31.10.20 31.10.20 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure086926632019-10-31086926632020-10-31086926632019-11-012020-10-31086926632018-10-31086926632018-11-012019-10-31086926632019-10-3108692663ns16:EnglandWales2019-11-012020-10-3108692663ns15:PoundSterling2019-11-012020-10-3108692663ns11:Director12019-11-012020-10-3108692663ns11:PrivateLimitedCompanyLtd2019-11-012020-10-3108692663ns11:SmallEntities2019-11-012020-10-3108692663ns11:AuditExempt-NoAccountantsReport2019-11-012020-10-3108692663ns11:SmallCompaniesRegimeForDirectorsReport2019-11-012020-10-3108692663ns11:SmallCompaniesRegimeForAccounts2019-11-012020-10-3108692663ns11:FullAccounts2019-11-012020-10-310869266312019-11-012020-10-3108692663ns11:Director22019-11-012020-10-3108692663ns11:CompanySecretary12019-11-012020-10-3108692663ns11:RegisteredOffice2019-11-012020-10-3108692663ns6:CurrentFinancialInstruments2020-10-3108692663ns6:CurrentFinancialInstruments2019-10-3108692663ns6:Non-currentFinancialInstruments2020-10-3108692663ns6:Non-currentFinancialInstruments2019-10-3108692663ns6:ShareCapital2020-10-3108692663ns6:ShareCapital2019-10-3108692663ns6:RetainedEarningsAccumulatedLosses2020-10-3108692663ns6:RetainedEarningsAccumulatedLosses2019-10-3108692663ns6:IntangibleAssetsOtherThanGoodwill2019-11-012020-10-3108692663ns6:DevelopmentCostsCapitalisedDevelopmentExpenditure2019-11-012020-10-3108692663ns6:IntangibleAssetsOtherThanGoodwill2019-10-3108692663ns6:IntangibleAssetsOtherThanGoodwill2020-10-3108692663ns6:IntangibleAssetsOtherThanGoodwill2019-10-3108692663ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-10-3108692663ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-10-31
REGISTERED NUMBER: 08692663 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 October 2020

for

Wolf Franchise Limited
Wolf Franchise Limited (Registered number: 08692663)






Contents of the Financial Statements
for the Year Ended 31 October 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wolf Franchise Limited


Company Information
for the Year Ended 31 October 2020







DIRECTORS: T P Entwistle
Mrs K E Entwistle





SECRETARY: Mrs K E Entwistle





REGISTERED OFFICE: Vale Mill
Vale Street
Breightmet
Bolton
BL2 6QF





REGISTERED NUMBER: 08692663 (England and Wales)





ACCOUNTANTS: Haywoods
Kevan Pilling House
1 Myrtle Street
Bolton
Lancashire
BL1 3AH
Page 1
Wolf Franchise Limited (Registered number: 08692663)


Balance Sheet
31 October 2020

2020 2019
Notes £    £   
FIXED ASSETS
Intangible assets 4 21,498 25,081

CURRENT ASSETS
Debtors 5 100,150 74,096
Cash at bank and in hand 34,144 8,115
134,294 82,211
CREDITORS
Amounts falling due within one year 6 (37,269 ) (45,452 )
NET CURRENT ASSETS 97,025 36,759
TOTAL ASSETS LESS CURRENT
LIABILITIES
118,523
61,840

CREDITORS
Amounts falling due after more than one
year
7
(220,231
)
(190,231
)
NET LIABILITIES (101,708 ) (128,391 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (101,908 ) (128,591 )
SHAREHOLDERS' FUNDS (101,708 ) (128,391 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
Wolf Franchise Limited (Registered number: 08692663)


Balance Sheet - continued
31 October 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2021 and were signed on its behalf by:





T P Entwistle - Director


The notes form part of these financial statements

Page 3
Wolf Franchise Limited (Registered number: 08692663)


Notes to the Financial Statements
for the Year Ended 31 October 2020

1. STATUTORY INFORMATION

Wolf Franchise Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Brand costs are being amortised evenly over their estimated useful life of ten years.

Brand
Brand costs are being amortised over a period of 10 years from 1 November 2016

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2019
and 31 October 2020 35,830
AMORTISATION
At 1 November 2019 10,749
Charge for year 3,583
At 31 October 2020 14,332
NET BOOK VALUE
At 31 October 2020 21,498
At 31 October 2019 25,081

Page 4 continued...
Wolf Franchise Limited (Registered number: 08692663)


Notes to the Financial Statements - continued
for the Year Ended 31 October 2020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 100,150 73,899
Other debtors - 197
100,150 74,096

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 22,361 23,358
Taxation and social security 10,873 2,621
Other creditors 4,035 19,473
37,269 45,452

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Bank loans 30,000 -
Other creditors 190,231 190,231
220,231 190,231

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,766 -

Page 5