Company Registration No. 11979362 (England and Wales)
The Word Is Out Ltd
Unaudited accounts
for the year ended 31 May 2020
The Word Is Out Ltd
Unaudited accounts
Contents
The Word Is Out Ltd
Company Information
for the year ended 31 May 2020
Directors
Roseann Smith
Daniel Parker-Smith
Company Number
11979362 (England and Wales)
Registered Office
134 HIGHER COACH ROAD
BAILDON
SHIPLEY
BD17 5SL
UNITED KINGDOM
Accountants
Simply Sums
26 Moorhead Terrace
Shipley
West Yorkshire
BD18 4LB
The Word Is Out Ltd
Statement of financial position
as at 31 May 2020
Cash at bank and in hand
1,333
Creditors: amounts falling due within one year
(15,000)
Net current liabilities
(13,667)
Profit and loss account
(12,482)
Shareholders' funds
(12,480)
For the year ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2020 and were signed on its behalf by
Roseann Smith
Director
Company Registration No. 11979362
The Word Is Out Ltd
Notes to the Accounts
for the year ended 31 May 2020
The Word Is Out Ltd is a private company, limited by shares, registered in England and Wales, registration number 11979362. The registered office is 134 HIGHER COACH ROAD, BAILDON, SHIPLEY, BD17 5SL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2020
Loans from directors
15,000
Initial investment by Directors
6
Average number of employees
During the year the average number of employees was 2.
