Warriewood Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07784721 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

WARRIEWOOD LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Allan

Mrs E D Allan

REGISTERED OFFICE:

First Floor Valley House

Plympton

Plymouth

PL7 1RF

REGISTERED NUMBER:

07784721 (England and Wales)

ACCOUNTANTS:

Bush & Co Limited

2 Barnfield Crescent

Exeter

Devon

EX1 1QT

FIXED ASSETS

Intangible assets

5

-

2,800

Tangible assets

6

35,639

31,151

35,639

33,951

CURRENT ASSETS

Stocks

2,339

300

Debtors

7

260,693

201,275

Cash at bank and in hand

139,852

62,149

402,884

263,724

CREDITORS

Amounts falling due within one year

8

288,681

233,697

NET CURRENT ASSETS

114,203

30,027

TOTAL ASSETS LESS CURRENT LIABILITIES

149,842

63,978

CREDITORS

Amounts falling due after more than one year

9

-

(1,458

)

PROVISIONS FOR LIABILITIES

(5,469

)

(4,330

)

NET ASSETS

144,373

58,190

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

144,273

58,090

SHAREHOLDERS' FUNDS

144,373

58,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 24 August 2019 and were signed on its behalf by:

R A Allan - Director

Mrs E D Allan - Director

1.	STATUTORY INFORMATION

Warriewood 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.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 represents invoiced services.

Intangible assets

Amounts paid in connection with the acquisition of licences in 2012 , 2013 and 2014 have

been amortised over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery

-

25% on cost

Fixtures & fittings

-

20% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on cost

Stocks

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

obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in

non-convertible preference and non-puttable ordinary shares which are measured at fair value,

with changes recognised in profit or loss. Derivative financial instruments are initially recorded

at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss,

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful

lives. Those held under finance leases are depreciated over their estimated useful lives or the

lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period.

The capital element of the future payments is treated as a liability.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 105 (2017 - 80 ) .

5.	INTANGIBLE FIXED ASSETS

Licences

£

COST

At 1 January 2018

and 31 December 2018

84,600

AMORTISATION

At 1 January 2018

81,800

Amortisation for year

2,800

At 31 December 2018

84,600

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

2,800

6.	TANGIBLE FIXED ASSETS

Plant &

Fixtures

Motor

Computer

machinery

& fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2018

1,321

7,691

37,500

14,848

61,360

Additions

-

1,864

-

10,697

12,561

At 31 December 2018

1,321

9,555

37,500

25,545

73,921

DEPRECIATION

At 1 January 2018

818

6,772

14,108

8,511

30,209

Charge for year

143

764

4,678

2,488

8,073

At 31 December 2018

961

7,536

18,786

10,999

38,282

NET BOOK VALUE

At 31 December 2018

360

2,019

18,714

14,546

35,639

At 31 December 2017

503

919

23,392

6,337

31,151

Fixed assets, included in the above, which are held under hire purchase contracts are as

follows:

Motor

vehicles

£

COST

At 1 January 2018

19,000

Transfer to ownership

(19,000

)

At 31 December 2018

-

DEPRECIATION

At 1 January 2018

3,186

Transfer to ownership

(3,186

)

At 31 December 2018

-

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

15,814

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

92,433

63,601

Accrued income

53,262

59,978

Other debtors

114,998

77,696

260,693

201,275

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

1,458

17,500

Hire purchase contracts

-

4,511

Trade creditors

25,643

16,989

Taxation and social security

56,071

35,190

Other creditors

205,509

159,507

288,681

233,697

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

-

1,458

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is amounts advanced to the directors of £107,142 as at the year end.

Interest has been charged at 2.5% throughout the year. The loan carries no fixed terms of

repayment.