Beyond Words Studio Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08969139 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

BEYOND WORDS STUDIO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R S Conroy

Mr D B Swain

REGISTERED OFFICE:

91 Brick Lane

Shoreditch

London

E1 6QL

REGISTERED NUMBER:

08969139 (England and Wales)

ACCOUNTANTS:

TaxAgility Accountants Ltd

Chartered Accountants

34 Lower Richmond Road

Putney

London

SW15 1JP

FIXED ASSETS

Intangible assets

4

204,600

244,200

Tangible assets

5

19,265

21,222

223,865

265,422

CURRENT ASSETS

Debtors

6

181,833

108,448

Cash at bank

-

74,530

181,833

182,978

CREDITORS

Amounts falling due within one year

7

(281,710

)

(236,818

)

NET CURRENT LIABILITIES

(99,877

)

(53,840

)

TOTAL ASSETS LESS CURRENT LIABILITIES

123,988

211,582

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

8

123,488

211,082

SHAREHOLDERS' FUNDS

123,988

211,582

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 June 2019 and were signed on its behalf by:

Mrs R S Conroy - Director

Mr D B Swain - Director

1.	STATUTORY INFORMATION

Beyond Words Studio 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 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. The financial statements have been prepared under the historical cost convention.

Turnover

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

added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

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

-

25% on cost

Computer equipment

-

33.3% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2018 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

396,000

AMORTISATION

At 1 April 2018

151,800

Charge for year

39,600

At 31 March 2019

191,400

NET BOOK VALUE

At 31 March 2019

204,600

At 31 March 2018

244,200

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2018

19,542

47,729

67,271

Additions

1,734

7,775

9,509

At 31 March 2019

21,276

55,504

76,780

DEPRECIATION

At 1 April 2018

13,355

32,694

46,049

Charge for year

3,224

8,242

11,466

At 31 March 2019

16,579

40,936

57,515

NET BOOK VALUE

At 31 March 2019

4,697

14,568

19,265

At 31 March 2018

6,187

15,035

21,222

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

177,820

98,199

Other debtors

4,013

10,249

181,833

108,448

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

5,867

-

Trade creditors

6,825

32,699

Taxation and social security

69,264

61,679

Other creditors

199,754

142,440

281,710

236,818

8.

RESERVES

Retained

earnings

£

At 1 April 2018

211,082

Deficit for the year

(67,594

)

Dividends

(20,000

)

At 31 March 2019

123,488

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 were paid to the directors .

It is confirmed that the director’s current account are debited with personal transactions and credited with director’s

remuneration as well as dividends.

The loans are unsecured, interest free and no repayment terms have been agreed.

The balance owing to the director Mrs R S Conroy was £186,447 (2018: £96,947) and Mr D B Swain £8,400 (2018:

£5,000)