Registered Number:09123886 |
For the year ended 31 July 2022
England and Wales
Report of the Director and Unaudited Financial Statements
For the year ended 31 July 2022
WACCESS LIMITED
Contents Page
2
Director's Report
3
Independent Accountants' Report
4
Income Statement
5
Statement of Financial Position
6
Notes to the Financial Statements
For the year ended 31 July 2022
WACCESS LIMITED
Company Information
LU, Wenjie
Director
09123886
1005 Sovereign Tower
1 Emily Street,
London
E16 1XH
WD ACCOUNTANTS LTD
Accountants
Unit B2 Office New Smithfield Market
Whitworth Street East
Manchester
England
M11 2WJ
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For the year ended 31 July 2022
WACCESS LIMITED
Director's Report
The director presents his report and financial statements for the year ended 31 July 2022.
The principal activity of the company continued to be that of management consultancy activities other than financial management
Director
The director who served the company throughout the year was as follows:
LU, Wenjie
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. |
30 April 2023
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For the year ended 31 July 2022
WACCESS LIMITED
Independent Accountants' Report
As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 |
July 2022 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, |
we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting |
records and information and explanations supplied to us. |
WD ACCOUNTANTS LTD
Unit B2 Office New Smithfield Market
Whitworth Street East
Manchester
England
M11 2WJ
30 April 2023
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For the year ended 31 July 2022
WACCESS LIMITED
Income Statement
2021
2022
1,200
29,900
(21,921)
(9,315)
7,979
Gross loss
(8,115)
(2,230)
(2,386)
Operating loss
(10,345)
5,593
(10,345)
5,593
Loss before taxation
(10,345)
Loss for the financial year
5,593
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WACCESS LIMITED
Abridged Statement of Financial Position
2021
2022
Property, plant and equipment |
814
1,086
814
1,086
2,974
Cash and cash equivalents |
548
548
2,974
Trade and other payables: amounts falling due within one year |
(28,525)
(36,238)
(25,551)
(35,690)
Net current liabilities
Total assets less current liabilities |
(34,876)
(24,465)
Defined benefit pension scheme asset/liability |
(20)
(86)
(34,896)
Net liabilities
(24,551)
100
100
(34,996)
(24,651)
(34,896)
(24,551)
Shareholders' funds
For the year ended 31 July 2022 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 of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
All the members have consented to the preparation of an Abridged Statement of Financial Position for the year ended 31 July 2022 in |
accordance with Section 444 (2A) of the Companies Act 2006. |
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 30 April 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 July 2022
WACCESS LIMITED
Notes to the Financial Statements
Statutory Information
WACCESS LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 09123886. |
1005 Sovereign Tower
1 Emily Street,
London
E16 1XH
The presentation currency is �� sterling. |
Basis of preparing the financial statements
1.1. Basis of Preparation of Financial Statements |
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section |
Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act |
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added |
taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced |
for estimated customer returns, rebates and other similar allowances. |
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has |
transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. |
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage |
of completion of a contract is measured by comparing the costs incurred for work performed to date to the total |
estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a |
contract cannot be estimated reliably. |
1.3. Tangible Fixed Assets and Depreciation |
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. |
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, |
over their expected useful lives on the following bases: |
Fixtures & Fittings 25.00% reducing line |
2. Average number of persons employed |
During the year the average number of employees was 2 (2021 : 3)
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