Winzawax Ltd |
|
Report to the director on the preparation of the unaudited statutory accounts of Winzawax Ltd for the year ended 28 February 2018 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Winzawax Ltd for the year ended 28 February 2018 which comprise of the Profit and Loss Account, the Balance Sheet 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ |
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
Coalesco Accountants Limited |
Chartered Certified Accountants |
156 Russell Drive |
Wollaton |
Nottingham |
Nottinghamshire |
NG8 2BE |
|
12 October 2018 |
|
Winzawax Ltd
|
Notes to the Accounts |
for the year ended 28 February 2018
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
|
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
|
|
|
Patents |
10 years |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
|
|
|
2 |
Employees |
2018 |
|
2017 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Intangible fixed assets |
£ |
|
Trademark |
|
|
Cost |
|
At 1 March 2017 |
790 |
|
At 28 February 2018 |
790 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 March 2017 |
79 |
|
Provided during the year |
79 |
|
At 28 February 2018 |
158 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2018 |
632 |
|
At 28 February 2017 |
711 |
|
|
|
|
|
|
|
|
|
|
4 |
Debtors |
2018 |
|
2017 |
£ |
£ |
|
|
Other debtors |
15 |
|
- |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
£ |
£ |
|
|
Other taxes and social security costs |
- |
|
133 |
|
Other creditors |
9,157 |
|
10,449 |
|
|
|
|
|
|
9,157 |
|
10,582 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
Winzawax Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
156 Russell Drive |
|
Wollaton |
|
Nottingham |
|
NG8 2BE |