The Innocent Devils Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07500251 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2018

for

The Innocent Devils Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

B H Varley

J L Higham

REGISTERED OFFICE:

Trinity House

33a Market Street

Lichfield

Staffordshire

WS13 6LA

REGISTERED NUMBER:

07500251 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

CURRENT ASSETS

Debtors

6

-

4,632

Cash at bank

-

726

-

5,358

CREDITORS

Amounts falling due within one year

7

(814

)

(5,171

)

NET CURRENT (LIABILITIES)/ASSETS

(814

)

187

TOTAL ASSETS LESS CURRENT LIABILITIES

(814

)

187

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

(1,814

)

(813

)

SHAREHOLDERS' FUNDS

(814

)

187

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 12 March 2019 and were signed on its behalf by:

B H Varley - Director

1.	STATUTORY INFORMATION

The Innocent Devils Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Plant and machinery etc

-

33% on cost

Going concern

The financial statements have been prepared on a going concern basis, which places reliance on the continued

support of the company's directors and shareholders and other associates related by common control.

The directors and shareholders continue to provide support to the company in the form of loans advanced

personally and via support from other associates related by common control. As detailed in note 8, these amounts

are repayable on demand. However, the directors have agreed not to seek such repayment until the company can

do so without detriment to its cash flow or payment of other creditors.

Therefore, the directors believe that the company has adequate resources to continue its current operations and

that it remains appropriate to prepare the company's financial statements on a going concern basis and the

financial statements do not include the adjustments that would result if the company was unable to continue as a

going concern.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2017

1,303

Disposals

(1,303

)

At 30 September 2018

-

DEPRECIATION

At 1 October 2017

1,303

Eliminated on disposal

(1,303

)

At 30 September 2018

-

NET BOOK VALUE

At 30 September 2018

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by associates

-

4,632

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

467

Taxation and social security

-

4

Other creditors

814

4,700

814

5,171

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 October 2017

(813

)

Deficit for the year

(1,001

)

At 30 September 2018

(1,814

)

10.	RELATED PARTY DISCLOSURES

Executives On The Web Limited

Associate

2018

2017

Consultancy

-

(7,400

)

Management expenses

-

750

Other expenses

(799

)

-

2018

2017

£

£

Amount due from related party at the balance sheet date

-

4,632

B H Varley

Included with other creditors due within one year is £814 (2017: £4,000) due to Mr B H Varley. The loan is

repayable on demand but has no specific terms regarding the payment of interest. Mr B H Varley has assured the

company that he will not seek repayment of the loan until such time as the company can afford to do so without

detriment to its cash flow or payment of other creditors.

11.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of The Innocent Devils Ltd for the year ended 30 September 2018 which comprise the Profit and

Loss Account, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Innocent Devils Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Innocent Devils Ltd and state those matters that we have agreed to state to the Board of Directors of The Innocent Devils Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Innocent Devils Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Innocent Devils Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Innocent Devils Ltd. You consider that The Innocent Devils Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Innocent Devils Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

12 March 2019