Whereverly Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: SC542009 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2023

for

Whereverly Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTORS:

I McNeill

A Burns

S Heron

REGISTERED OFFICE:

55 Maryhall Street

Kirkcaldy

KY1 1BH

REGISTERED NUMBER:

SC542009 (Scotland)

ACCOUNTANTS:

Goddard Accounting and Tax Solutions

Duncargen

St Margaret’s Drive

Dunblane

Stirlingshire

FK15 0DP

FIXED ASSETS

Tangible assets

4

2,898

6,244

CURRENT ASSETS

Debtors

5

21,738

97,499

Prepayments and accrued income

64,245

17,775

Cash at bank

102,227

112,835

188,210

228,109

CREDITORS

Amounts falling due within one year

6

49,926

68,364

NET CURRENT ASSETS

138,284

159,745

TOTAL ASSETS LESS CURRENT LIABILITIES

141,182

165,989

CREDITORS

Amounts falling due after more than one year

7

27,567

36,632

NET ASSETS

113,615

129,357

CAPITAL AND RESERVES

Called up share capital

2,500

2,500

Retained earnings

111,115

126,857

SHAREHOLDERS' FUNDS

113,615

129,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 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 May 2024 and were signed on its behalf by:

I McNeill - Director

1.	STATUTORY INFORMATION

Whereverly Limited is a private company, limited by shares , registered in Scotland. 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 represents the sale of services, excluding value added tax.

In respect of contracts for on-going services, turnover represents the value of work carried out in the year.

Where sales invoices have been raised post year end, which relate to work carried out prior to year end, the value is included in accrued income at 31 August 2023.

Tangible fixed assets

All fixed assets are recorded at cost.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer equipment - 33.3%

Taxation

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company made employer contributions to the defined contribution occupational pension scheme.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2022

and 31 August 2023

18,006

DEPRECIATION

At 1 September 2022

11,762

Charge for year

3,346

At 31 August 2023

15,108

NET BOOK VALUE

At 31 August 2023

2,898

At 31 August 2022

6,244

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Trade debtors

19,523

89,503

Other debtors

2,215

1,502

Directors' current accounts

-

6,494

21,738

97,499

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Bank loans and overdrafts

13,363

11,175

Tax

3,036

5,679

Social security and other taxes

10,658

5,556

VAT

20,026

38,547

Other creditors

1,030

7,407

Directors' current accounts

1,813

-

49,926

68,364

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.23

31.8.22

£

£

Bank loans - 2-5 years

22,025

31,965

Scottish Edge Loan - 2-5 years

5,542

4,667

27,567

36,632

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23

31.8.22

£

£

A Burns

Balance outstanding at start of year

2,264

3,528

Amounts advanced

-

4,790

Amounts repaid

(2,728

)

(6,054

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(464

)

2,264

I McNeill

Balance outstanding at start of year

1,659

(899

)

Amounts advanced

-

2,558

Amounts repaid

(2,879

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,220

)

1,659

S Heron

Balance outstanding at start of year

2,571

(945

)

Amounts advanced

-

3,516

Amounts repaid

(2,699

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(128

)

2,571

The advances to the directors were repaid on 29 March 2023.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Whereverly Limited for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Whereverly Limited, as a body, in accordance with the terms of our engagement letter dated 8 April 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Whereverly Limited and state those matters that we have agreed to state to the Board of Directors of Whereverly Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Whereverly Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Whereverly Limited. You consider that Whereverly Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Whereverly Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Goddard Accounting and Tax Solutions

Duncargen

St Margaret’s Drive

Dunblane

Stirlingshire

FK15 0DP

27 May 2024