WJF Traction Consulting Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06370106 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

WJF TRACTION CONSULTING LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

W J Fonseca

SECRETARY:

L Fonseca

REGISTERED OFFICE:

75 Park Lane

Croydon

Surrey

CR9 1XS

REGISTERED NUMBER:

06370106 (England and Wales)

ACCOUNTANTS:

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of WJF Traction Consulting Limited for the year ended 30 September 2019 which comprise the

Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of WJF Traction Consulting Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of WJF Traction Consulting Limited and state those matters that we have agreed to state to the director of WJF Traction Consulting Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WJF Traction Consulting Limited and its director for our work or for this report.

It is your duty to ensure that WJF Traction Consulting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of WJF Traction Consulting Limited. You consider that WJF Traction Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of WJF Traction Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

5 December 2019

FIXED ASSETS

Tangible assets

3

1,317

1,207

Investments

4

65,000

40,000

66,317

41,207

CURRENT ASSETS

Debtors

5

1,721

2,981

Cash in hand

154,313

157,917

156,034

160,898

CREDITORS

Amounts falling due within one year

6

90,642

93,869

NET CURRENT ASSETS

65,392

67,029

TOTAL ASSETS LESS CURRENT
LIABILITIES

131,709

108,236

PROVISIONS FOR LIABILITIES

251

230

NET ASSETS

131,458

108,006

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

131,358

107,906

SHAREHOLDERS' FUNDS

131,458

108,006

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 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 Income Statement has not been delivered.

The financial statements were approved by the director on 5 December 2019 and were signed by:

W J Fonseca - Director

1.	STATUTORY INFORMATION

WJF Traction Consulting 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 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 represents the amounts derived from providing traction consultancy services, net of Value Added Tax.

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and

accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual

value, over their expected useful lives at the following rates

Fixtures and fittings - 25% per annum on straight line method

Computer equipment - 25% per annum on straight line method

Assets held under finance leases are depreciated in the same way as owned assets.

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets

to determine whether there is any indication that any items have suffered an impairment loss. If any such

indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the

impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company

estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2018

8,785

Additions

748

At 30 September 2019

9,533

DEPRECIATION

At 1 October 2018

7,578

Charge for year

638

At 30 September 2019

8,216

NET BOOK VALUE

At 30 September 2019

1,317

At 30 September 2018

1,207

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 October 2018

40,000

Additions

25,000

At 30 September 2019

65,000

NET BOOK VALUE

At 30 September 2019

65,000

At 30 September 2018

40,000

Cost or valuation at 30 September 2019 is represented by:

Other

investments

£

Cost

65,000

5.

DEBTORS

2019

2018

£

Amounts falling due within one year:

Trade debtors

-

630

Other debtors

1,721

2,351

Amounts falling due after more than one year:

Trade debtors

-

630

Aggregate amounts

1,721

2,981

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Taxation and social security

27,643

47,573

Other creditors

62,999

46,296

90,642

93,869

WJF Traction Consulting Limited - Accounts to registrar (filleted) - small 18.2

WJF Traction Consulting Limited - Accounts to registrar (filleted) - small 18.2