Wild View Events Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10169653 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2017 to 30 June 2018

for

Wild View Events Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B J Wild

I Wild

REGISTERED OFFICE:

10 Manor Park

Banbury

Oxfordshire

OX16 3TB

REGISTERED NUMBER:

10169653 (England and Wales)

ACCOUNTANTS:

Handleys Chartered Accountants

10 Manor Park

Banbury

Oxfordshire

OX16 3TB

FIXED ASSETS

Intangible assets

4

22,000

32,000

Tangible assets

5

28,733

42,867

50,733

74,867

CURRENT ASSETS

Stocks

25,000

7,000

Debtors

6

6,467

16,401

Cash at bank and in hand

4,271

41,267

35,738

64,668

CREDITORS

Amounts falling due within one year

7

160,690

117,162

NET CURRENT LIABILITIES

(124,952

)

(52,494

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(74,219

)

22,373

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(74,319

)

22,273

(74,219

)

22,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 28 March 2019 and were signed on its behalf by:

B J Wild - Director

1.	STATUTORY INFORMATION

Wild View Events Limited is a private company, limited by shares , registered in England and

Wales. 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

The accounts have been prepared on a going concern basis, despite the fact that liabilities

exceed assets. The directors have given an undertaking to support the company until it

returns to a net assets position. They consider that it is appropriate to prepare the accounts

on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at the fair value of the consideration received or receivable for goods

and services provided in the normal course of business, and is shown net of value added tax

and other sales related taxes. The fair value of consideration takes into account trade

discounts, settlement discounts and volume rebates. For sales of goods, the turnover is

shown net of distribution and carriage charges.

Revenue from sale of goods is recognised when significant risks and rewards of ownership

have been transferred to the buyer, when the amount of revenue can be measured reliably,

when it is probable that the economic benefits associated with the transaction will flow to the

entity and when the costs incurred or to be incurred in respect of the transaction can be

measured reliably.

Revenue from sale of services is recognised when the stage of completion of the transaction

can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit

and Loss Account, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

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 operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2017 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 30 June 2018

40,000

AMORTISATION

At 1 April 2017

8,000

Charge for period

10,000

At 30 June 2018

18,000

NET BOOK VALUE

At 30 June 2018

22,000

At 31 March 2017

32,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

54,960

Additions

13,465

At 30 June 2018

68,425

DEPRECIATION

At 1 April 2017

12,093

Charge for period

27,599

At 30 June 2018

39,692

NET BOOK VALUE

At 30 June 2018

28,733

At 31 March 2017

42,867

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

31.3.17

£

£

Trade debtors

5,535

9,455

Other debtors

932

6,946

6,467

16,401

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

31.3.17

£

£

Bank loans and overdrafts

257

-

Trade creditors

18,064

23,566

Taxation and social security

100,394

57,390

Other creditors

41,975

36,206

160,690

117,162