The_Write_Time_Ltd_31_Dec_2019_companies_house_set_of

Company registration number:

8852132

The Write Time Ltd

Unaudited Filleted Financial Statements for the year ended

31 December 2019

Mrs Amanda Murray ACMA

Chartered Management Accountant

Cornerstone House, , 14 Willis Road, Croydon, West Sussex, CR0 7XX, United Kingdom

The Write Time Ltd

Report to the board of directors on the preparation of the unaudited statutory financial statements of The Write Time Ltd

Year ended

31 December 2019

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

financial statements

of

The Write Time Ltd

for the year ended

31 December 2019

which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com/.

This report is made solely to the Board of Directors of

The Write Time Ltd

, as a body. Our work has been undertaken solely to prepare for your approval the

financial statements

of

The Write Time Ltd

and state those matters that we have agreed to state to the Board of Directors of

The Write Time Ltd

, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com/. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than

The Write Time Ltd

and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that

The Write Time Ltd

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

The Write Time Ltd

. You consider that

The Write Time Ltd

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 The Write Time Ltd. 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.

Mrs Amanda Murray ACMA

Chartered Management Accountant

Cornerstone House,

14 Willis Road

Croydon

West Sussex

CR0 7XX

United Kingdom

Date:

4 July 2020

The Write Time Ltd

Statement of Financial Position

31 December 2019

		2019		2018
	Note	£		£
Current assets
Debtors	5	36,359		7,151
Cash at bank and in hand		53,277		93,947
		89,636		101,098
Creditors: amounts falling due within one year	6	(9,035	)	(21,121	)
Net current assets		80,601		79,977
Total assets less current liabilities		80,601		79,977
Provisions for liabilities		(1,114	)	(1,249	)
Net assets		79,487		78,728
Capital and reserves
Profit and loss account		79,487		78,728
Shareholders funds		79,487		78,728

For the year ending

31 December 2019

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

4 July 2020

, and are signed on behalf of the board by:

Mr Christopher Murray

Director

Company registration number:

8852132

The Write Time Ltd

Notes to the Financial Statements

Year ended

31 December 2019

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Cornerstone House

,

14 Willis Road

,

Croydon

,

CR0 2XX

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

10

(2018:

11.00

).

5 Debtors

	2019	2018
	£	£
Trade debtors	36,059	6,851
Other debtors	300	300
	36,359	7,151

6 Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	5,100	15,245
Taxation and social security	3,935	5,876
	9,035	21,121

The_Write_Time_Ltd_31_Dec_2019_companies_house_set_of_accounts.html