| Registered Number:09369356 |
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
WCF (UK) Limited
Statement of Financial Position
2017
2018
| Property, plant and equipment |
81,097
47,443
2
81,097
47,443
45,309
20,905
3
| Trade and other receivables |
31,906
26,030
4
147
| Cash and cash equivalents |
545
47,480
77,362
| Trade and other payables: amounts falling due within one |
| year |
(53,180)
(44,183)
5
24,182
3,297
Net current assets
| Total assets less current liabilities |
84,394
71,625
84,394
Net assets
71,625
2,501
2,501
81,893
69,124
84,394
71,625
Shareholders' funds
| For the year ended 31 March 2018 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 March 2018 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Jamie Ross Sythes Director |
| These financial statements were approved and authorised for issue by the Board on 19 December 2018 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2018
WCF (UK) Limited
Notes to the Financial Statements
Statutory Information
| WCF (UK) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 09369356. |
Aloft Top Lane
Whitley
Melksham
SN12 8QU
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value.
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For the year ended 31 March 2018
WCF (UK) Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
70,437
3,352
14,036
43,621
9,428
63,174
1,679
-
61,495
-
-
-
(6,523)
-
(6,523)
98,593
14,036
5,031
127,088
9,428
| Provision for depreciation and impairment |
22,994
1,596
6,141
15,257
-
Charge for year
25,297
858
1,974
22,465
-
(2,300)
-
-
(2,300)
-
45,991
2,454
8,115
35,422
-
9,428
63,171
5,921
2,577
81,097
9,428
28,364
7,895
1,756
47,443
2017
2018
20,905
45,309
| 4. Trade and other receivables |
2017
2018
9,322
15,165
| Prepayments and accrued income |
93
570
| Taxation and social security |
5,634
10,270
10,981
5,901
31,906
26,030
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For the year ended 31 March 2018
WCF (UK) Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2017
2018
1,767
5,640
5,646
22,004
| Taxation and social security |
1,359
20,027
| Accruals and deferred income |
1,800
1,750
33,611
3,759
44,183
53,180
| 6. Related party transactions |
| In the period, the company made sales of £21,437 (2017: £36,449) to WCF (KIOSKS) LTD, a company partially |
| owned and controlled by the directors Mr J Sythes and Mr M Bond. |
| In the period, the company made sales of £36,839 (2017: £37,370) to The Chilli Hut, a business which the director |
| Mr J Sythes is partner of. |
| In the period, the company made sales of £33,677 (2017: £29,223) and was supplied goods and services of nil |
| (2017:£1,800) by THE CHILLI TRADING COMPANY LTD, a company owned and controlled by the director Mr K |
| In the period, the company made sales of £14,059 (2017: £20,622) to PINKBOX BOUTIQUE LTD, a company that |
| the |
| director Mr K Gover has an interest in. |
| In the period, the company made sales of £27,673 (2017: £30,809) and was supplied goods and services of £981 |
| (2017: £6,887) by the director Mr Simon Blundell's private business. |
| In the period, the company made sales of £17,888 (2017: £19,818) and was supplied goods and services of nil |
| (2017: £459) by the director Mr Martin Bond's private business. |
| In the period, the company made sales of £48,230 (2017: £55,441) and was supplied goods and services of £5,418 |
| (2017: £3,675) by the director Mr Simon Morgan's private business. |
| In the period, the company made sales of £6,680 (2017: £4,721) to WCF (USA) LLC, a subsidiary owned 50% by the |
| company. |
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