Iain Willcox Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09913638

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

IAIN WILLCOX LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Willcox

REGISTERED OFFICE:

35 Wattfield Close

Rugeley

Staffordshire

WS15 1ER

REGISTERED NUMBER:

09913638

ACCOUNTANT:

Richards Associates Limited

Chartered Accountants

North Lodge

Hawkesyard

Armitage Lane

Rugeley

Staffordshire

WS15 1PS

FIXED ASSETS

Tangible assets

4

1,379

929

CURRENT ASSETS

Debtors

9,274

9,724

Cash at bank

22,560

27,216

31,834

36,940

CREDITORS

Amounts falling due within one year

19,702

24,498

NET CURRENT ASSETS

12,132

12,442

TOTAL ASSETS LESS CURRENT LIABILITIES

13,511

13,371

PROVISIONS FOR LIABILITIES

5

91

176

NET ASSETS

13,420

13,195

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

13,320

13,095

SHAREHOLDERS' FUNDS

13,420

13,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 16 June 2020 and were signed by:

I Willcox - Director

1.	STATUTORY INFORMATION

Iain Willcox Limited is a private company, limited by shares , registered in Not specified/Other. 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 represents the net invoiced sales of services, excluding value added tax.

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

-

25% on cost

Computer Equipment

-

33% 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 5 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2019

3,639

Additions

1,404

At 31 December 2019

5,043

DEPRECIATION

At 1 January 2019

2,710

Charge for year

954

At 31 December 2019

3,664

NET BOOK VALUE

At 31 December 2019

1,379

At 31 December 2018

929

5.	PROVISIONS FOR LIABILITIES

31.12.19

31.12.18

£

£

Deferred tax

91

176

Deferred

tax

£

Balance at 1 January 2019

176

Provided during year

(85

)

Balance at 31 December 2019

91

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.19

31.12.18

value:

£

£

100

Ordinary

£1.00

100

100

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I Willcox.