Wordahead Computing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03011387 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2019 TO 31 MARCH 2020

FOR

WORDAHEAD COMPUTING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S C Roberts

SECRETARY:

Mrs U Shand

REGISTERED OFFICE:

3 Brent Avenue

Didcot

Oxfordshire

OX11 7UD

REGISTERED NUMBER:

03011387 (England and Wales)

ACCOUNTANTS:

Acuity Professional Ltd

Fifth Floor

11 Leadenhall Street

London

EC3V 1LP

FIXED ASSETS

Tangible assets

4

-

3,398

CURRENT ASSETS

Debtors

5

1,705

-

Cash at bank

-

15,733

1,705

15,733

CREDITORS

Amounts falling due within one year

6

1,654

8,755

NET CURRENT ASSETS

51

6,978

TOTAL ASSETS LESS CURRENT LIABILITIES

51

10,376

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

49

10,374

SHAREHOLDERS' FUNDS

51

10,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2020 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 applicable to companies subject to the small companies regime.

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 director and authorised for issue on 14 May 2020 and were signed by:

Mr S C Roberts - Director

1.	STATUTORY INFORMATION

Wordahead Computing 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The preparation of financial statements in conformity with FRS 102 Section 1A requires the use of certain

critical accounting estimates. It also requires management to exercise judgement in applying the company's

accounting policies.

ACCOUNTING ESTIMATES AND JUDGEMENTS

In preparing the financial statements, management were not required to make any estimates or judgements which

materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities.

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised

when paid. Final equity dividends are recognised when approved by the shareholders at an annual general

meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest

payable.

TURNOVER

Turnover represents net invoiced sales of services, excluding value added tax.

TANGIBLE FIXED ASSETS

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates

in order to write off each asset over its estimated useful life.

Fixture and fittings - 25% on cost

Computer equipment - 25% on reducing balance

TAXATION

Taxation for the period 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 statement of financial position date.

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.

DEBTORS

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured

initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the

effective interest method, less any impairment.

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice

of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three

months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant

risk of change in value.

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are

measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using

the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 February 2019

127

13,365

13,492

Disposals

-

(13,365

)

(13,365

)

At 31 March 2020

127

-

127

Depreciation

At 1 February 2019

127

9,967

10,094

Eliminated on disposal

-

(9,967

)

(9,967

)

At 31 March 2020

127

-

127

Net book value

At 31 March 2020

-

-

-

At 31 January 2019

-

3,398

3,398

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Director's loan account

1,705

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Corporation tax

1,190

2,071

Social security and other taxes

-

521

VAT

-

5,325

Other creditors

-

60

Director's loan account

-

687

Accrued expenses

464

91

1,654

8,755

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 February 2019

10,374

Profit for the period

1,675

Dividends

(12,000

)

At 31 March 2020

49

9.	RELATED PARTY DISCLOSURES

During the period, total dividends of £12,000 (2019 - £11,000) were paid to the director .

At balance sheet date, there was an amount due from the director, Mr S C Roberts for £1,705 (2019: £687 Cr).

This is an interest free advance from the company and does not have a fixed date of repayment.

10.	CONTROLLING PARTY

The controlling party is Mr S C Roberts.

11.	COMPARATIVES

The comparatives reflected in these financial statements cover a period of twelve months to 31 January 2019.

These financial statements cover a period of fourteen months to 31 March 2020.

12.	CLOSE DOWN OF COMPANY

As the company has ceased trading, the director has decided to close down the company. An application will be

made to the Registrar of Companies to have the company struck off, after these accounts and supporting tax

computations and liabilities have been agreed with HM Revenue & Customs.

The remaining balance of net assets and bank balance will be distributed to the existing share-holders as capital

distribution.The company will then be struck off.