SHIRLAWS_CORPORATE_NO._1_ - Accounts

WENDOVER VENTURES LTD - Company Information

Print Friendly Version

Company Registration No. 06274620 (England and Wales)

SHIRLAWS CORPORATE NO. 1 LIMITED

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2014

SHIRLAWS CORPORATE NO. 1 LIMITED

COMPANY INFORMATION

Director

A Barton

Company number

06274620

Registered office

Kings Parade

Lower Coombe Road

Croydon

Surrey

CR0 1AA

Accountants

Bryden Johnson

Kings Parade

Lower Coombe Street

Croydon

CR0 1AA

SHIRLAWS CORPORATE NO. 1 LIMITED

CONTENTS

Page

Director's report

Accountants' report

Profit and loss account

Balance sheet

Notes to the financial statements

5 - 7

SHIRLAWS CORPORATE NO. 1 LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 30 JUNE 2014

- 1 -

The director presents her report and financial statements for the year ended 30 June 2014.

Principal activities

The principal activity of the company continued to be that of business coaching services.

Director

The following director has held office since 1 July 2013:

A Barton

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

A Barton

Director

15 January 2015

SHIRLAWS CORPORATE NO. 1 LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SHIRLAWS CORPORATE NO. 1 LIMITED FOR THE YEAR ENDED 30 JUNE 2014

- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shirlaws Corporate No. 1 Limited for the year ended 30 June 2014 set out on pages 3 to 7 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Shirlaws Corporate No. 1 Limited, as a body, in accordance with the terms of our engagement letter dated 16 December 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Shirlaws Corporate No. 1 Limited and state those matters that we have agreed to state to the Board of Directors of Shirlaws Corporate No. 1 Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shirlaws Corporate No. 1 Limited and it's Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Shirlaws Corporate No. 1 Limited 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 Shirlaws Corporate No. 1 Limited. You consider that Shirlaws Corporate No. 1 Limited 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 Shirlaws Corporate No. 1 Limited. 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.

Bryden Johnson

2 February 2015

Chartered Accountants

Kings Parade

Lower Coombe Street

Croydon

CR0 1AA

SHIRLAWS CORPORATE NO. 1 LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2014

- 3 -

2014

2013

Notes

Turnover

39,169

66,131

Administrative expenses

(39,665)

(36,704)

(Loss)/profit on ordinary activities before taxation

(496)

29,427

Tax on (loss)/profit on ordinary activities

(5,943)

(Loss)/profit for the year

(496)

23,484

SHIRLAWS CORPORATE NO. 1 LIMITED

BALANCE SHEET

AS AT

30 JUNE 2014

- 4 -

2014

2013

Notes

Fixed assets

Tangible assets

788

1,051

Current assets

Debtors

29,213

40,013

Cash at bank and in hand

3,836

238

33,049

40,251

Creditors: amounts falling due within one year

(22,398)

(14,367)

Net current assets

10,651

25,884

Total assets less current liabilities

11,439

26,935

Capital and reserves

Called up share capital

100

Profit and loss account

11,339

26,835

Shareholders' funds

11,439

26,935

For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the Board for issue on 15 January 2015

A Barton

Director

Company Registration No. 06274620

SHIRLAWS CORPORATE NO. 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2014

- 5 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% Reducing balance

Operating (loss)/profit

2014

2013

Operating (loss)/profit is stated after charging:

Depreciation of tangible assets

263

350

Director's remuneration

19,600

18,878

Taxation

2014

2013

Domestic current year tax

U.K. corporation tax

5,943

Total current tax

5,943

The company has estimated losses of £ 524 (2013 - £ nil) available for carry forward against future trading profits.

Dividends

2014

2013

Ordinary interim paid

15,000

10,000

SHIRLAWS CORPORATE NO. 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 6 -

Tangible fixed assets

Plant and machinery etc

Cost

At 1 July 2013 & at 30 June 2014

3,199

Depreciation

At 1 July 2013

2,148

Charge for the year

263

At 30 June 2014

2,411

Net book value

At 30 June 2014

788

At 30 June 2013

1,051

Debtors

2014

2013

Trade debtors

9,213

18,213

Other debtors

20,000

21,800

29,213

40,013

Creditors: amounts falling due within one year

2014

2013

Trade creditors

968

Taxation and social security

6,518

10,023

Other creditors

14,912

4,344

22,398

14,367

SHIRLAWS CORPORATE NO. 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 7 -

Pension costs

Defined contribution

2014

2013

Contributions payable by the company for the year

9,600

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Statement of movements on profit and loss account

Profit
and loss
account

Balance at 1 July 2013

26,835

Loss for the year

(496)

Dividends paid

(15,000)

Balance at 30 June 2014

11,339

Control

The ultimate controlling party is A Barton, the director of the company.

Related party relationships and transactions

Dividends to Directors

The following directors were paid dividends during the year as outlined in the table below:

2014

2013

A Barton

15,000

10,000

15,000

10,000