Wigwam Publishing Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07069371 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

WIGWAM PUBLISHING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms W Varley

Mr I Winter

REGISTERED OFFICE:

Old Yafford Farm

Mill Lane

Yafford

Newport

Isle of Wight

PO30 3LH

REGISTERED NUMBER:

07069371 (England and Wales)

ACCOUNTANTS:

Mackenzies

Chartered Accountants

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Tangible assets

4

4,004

2,353

CURRENT ASSETS

Debtors

5

14,419

9,868

Cash at bank and in hand

775

7,001

15,194

16,869

CREDITORS

Amounts falling due within one year

6

19,067

18,473

NET CURRENT LIABILITIES

(3,873

)

(1,604

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

131

749

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

31

649

SHAREHOLDERS' FUNDS

131

749

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 18 March 2019 and were signed on its behalf by:

Mr I Winter - Director

1.	STATUTORY INFORMATION

Wigwam Publishing Services 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

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

tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 December 2017

1,146

9,887

11,033

Additions

-

2,944

At 30 November 2018

1,146

12,831

13,977

DEPRECIATION

At 1 December 2017

834

7,846

8,680

Charge for year

47

1,246

1,293

At 30 November 2018

881

9,092

9,973

NET BOOK VALUE

At 30 November 2018

265

3,739

4,004

At 30 November 2017

312

2,041

2,353

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade debtors

5,809

984

Other debtors

8,610

8,884

14,419

9,868

Other debtors consists of £8,610 (2017: £8,884) owed from Homepage Media Limited.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Tax

5,697

8,651

VAT

3,144

1,997

Directors' current accounts

9,809

7,408

Accrued expenses

417

19,067

18,473

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

100

Ordinary

£1

100

8.	RELATED PARTY DISCLOSURES

Mr I C Winter, a director and shareholder of Wigwam Publishing Services Limited, is also a director and 50% shareholder

of Homepage Media Limited.

During the year the company invoiced Homepage Media Limited £52,714 (2017: £65,172) net of VAT, for the provision of

services. As at 30 November 2018 Homepage Media Limited owed £10,248 (2017: £9,868) to the company of which

£1,638 (2017: £984) is included in trade debtors and £8,610 (2017: £8,884) included in other debtors.

All transactions between the company and Homepage Media Limited are consider to be at arm's length and at fair market

value.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who each own 50% of the issued share capital.

Wigwam Publishing Services Limited - Accounts to registrar (filleted) - small 18.2

Wigwam Publishing Services Limited - Accounts to registrar (filleted) - small 18.2