Company Registration No. 6752705 (England and Wales)
W.A.K. ENTERPRISE LIMITED
Unaudited accounts
for the year ended 30 November 2017
W.A.K. ENTERPRISE LIMITED
Unaudited accounts
Contents
W.A.K. ENTERPRISE LIMITED
Company Information
for the year ended 30 November 2017
Company Number
6752705 (England and Wales)
Registered Office
Suite2, Ground Floor
International House
Turner Way
Wakefield
WF2 8EF
Accountants
B Ram & Co
Anzeck Building
Florence Street
Bradford
BD3 8EX
W.A.K. ENTERPRISE LIMITED
Statement of financial position
as at 30 November 2017
Intangible assets
21,840
37,440
Tangible assets
3,771
4,730
Cash at bank and in hand
941,809
48,632
Creditors: amounts falling due within one year
(422,202)
(52,583)
Net current assets
583,243
3,109
Total assets less current liabilities
608,854
45,279
Provisions for liabilities
Other provisions
(85,000)
-
Called up share capital
100
100
Profit and loss account
523,754
45,179
Shareholders' funds
523,854
45,279
For the year ending 30 November 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 July 2018.
Wahid Murtaza
Director
Company Registration No. 6752705
W.A.K. ENTERPRISE LIMITED
Notes to the Accounts
for the year ended 30 November 2017
W.A.K. ENTERPRISE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 6752705. The registered office is Suite2, Ground Floor, International House, Turner Way, Wakefield, WF2 8EF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Fixtures & fittings
15% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
W.A.K. ENTERPRISE LIMITED
Notes to the Accounts
for the year ended 30 November 2017
4
Intangible fixed assets
Goodwill
At 30 November 2017
78,000
Charge for the year
15,600
At 30 November 2017
56,160
At 30 November 2017
21,840
At 30 November 2016
37,440
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2016
3,328
4,885
8,213
At 30 November 2017
3,328
4,885
8,213
At 1 December 2016
832
2,651
3,483
Charge for the year
624
335
959
At 30 November 2017
1,456
2,986
4,442
At 30 November 2017
1,872
1,899
3,771
At 30 November 2016
2,496
2,234
4,730
Finished goods
3,877
1,046
Accrued income and prepayments
-
1,165
Other debtors
24,159
4,849
W.A.K. ENTERPRISE LIMITED
Notes to the Accounts
for the year ended 30 November 2017
8
Creditors: amounts falling due within one year
2017
2016
Trade creditors
265,143
5,474
Taxes and social security
114,789
5,039
Other creditors
32,071
32,071
Loans from directors
9,499
9,499
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Ultimate controlling party - Mayaisha Holdings Ltd, Company number 11147086
11
Average number of employees
During the year the average number of employees was 3 (2016: 6).
