Wraxall Business Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08938088 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Wraxall Business Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S P Whitwham

REGISTERED OFFICE:

7 Yeo Valley Way

Wraxall

North Somerset

BS48 1PS

REGISTERED NUMBER:

08938088 (England and Wales)

ACCOUNTANTS:

A R Dury & Co Limited

Ivy Court

61 High Street

Nailsea

North Somerset

BS48 1AW

FIXED ASSETS

Tangible assets

4

915

914

Investments

5

40,000

-

40,915

914

CURRENT ASSETS

Debtors

6

25,135

24,204

Cash at bank

172,788

158,999

197,923

183,203

CREDITORS

Amounts falling due within one year

7

(51,143

)

(42,890

)

NET CURRENT ASSETS

146,780

140,313

TOTAL ASSETS LESS CURRENT LIABILITIES

187,695

141,227

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

187,595

141,127

SHAREHOLDERS' FUNDS

187,695

141,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 21 June 2019 and were signed by:

S P Whitwham - Director

1.	STATUTORY INFORMATION

Wraxall Business Management 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.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

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 year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

3,794

Additions

687

At 31 March 2019

4,481

DEPRECIATION

At 1 April 2018

2,880

Charge for year

686

At 31 March 2019

3,566

NET BOOK VALUE

At 31 March 2019

915

At 31 March 2018

914

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST

Additions

40,000

At 31 March 2019

40,000

NET BOOK VALUE

At 31 March 2019

40,000

Market value of listed investments at 31 March 2019 - £ 40,000 .

Fixed asset investments relate to the purchase of unit trust at a cost of £40,000. Any gains and losses will be

reported annually with the exception that the directors consider the balance sheet value is not materially different

to actual market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

24,746

23,991

Other debtors

389

213

25,135

24,204

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

171

63

Taxation and social security

49,101

39,763

Other creditors

1,871

3,064

51,143

42,890

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S P Whitwham.