Signworld Learn Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08233795 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

SIGNWORLD LEARN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Day

REGISTERED OFFICE:

4 Wincanton Close

Downend

Bristol

S Gloucestershire

BS16 6SW

REGISTERED NUMBER:

08233795 (England and Wales)

ACCOUNTANTS:

Haines & Co

Chartered Accountants

Carlton House

28-29 Carlton Terrace

Portslade

Brighton

BN4 1XF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,057

1,988

3,057

1,988

CURRENT ASSETS

Debtors

6

11,753

1,158

Cash at bank and in hand

46,488

32,035

58,241

33,193

CREDITORS

Amounts falling due within one year

7

23,473

12,260

NET CURRENT ASSETS

34,768

20,933

TOTAL ASSETS LESS CURRENT LIABILITIES

37,825

22,921

PROVISIONS FOR LIABILITIES

450

219

NET ASSETS

37,375

22,702

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

37,373

22,700

SHAREHOLDERS' FUNDS

37,375

22,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

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 6 January 2020 and were signed by:

L Day - Director

1.	STATUTORY INFORMATION

Signworld Learn 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

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

value added tax and other sales taxes.

Website development costs

The intangible assets being website development costs have been fully amortised.

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

-

20% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

costs

£

COST

At 1 October 2018

and 30 September 2019

44,802

AMORTISATION

At 1 October 2018

and 30 September 2019

44,802

NET BOOK VALUE

At 30 September 2019

-

At 30 September 2018

-

The intangible fixed assets are website development costs.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2018

10,714

Additions

2,198

At 30 September 2019

12,912

DEPRECIATION

At 1 October 2018

8,726

Charge for year

1,129

At 30 September 2019

9,855

NET BOOK VALUE

At 30 September 2019

3,057

At 30 September 2018

1,988

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

11,753

1,158

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

60

60

Tax

8,370

3,380

Social security and other taxes

-

38

VAT

8,261

-

Directors' current accounts

5,582

7,582

Accrued expenses

1,200

1,200

23,473

12,260