THE WILL ASSOCIATES LTD

THE WILL ASSOCIATES LTD

THE WILL ASSOCIATES LTD - Company Information

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THE WILL ASSOCIATES LTD

Company Registration Number:
07118208 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2020

Period of accounts

Start date: 1 February 2019

End date: 31 January 2020

THE WILL ASSOCIATES LTD

Contents of the Financial Statements

for the Period Ended 31 January 2020

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

THE WILL ASSOCIATES LTD

Profit And Loss Account

for the Period Ended 31 January 2020

2020 2019


£
£
Turnover: 5,246,763 3,991,909
Cost of sales: ( 3,533,121 ) ( 2,550,545 )
Gross profit(or loss): 1,713,642 1,441,364
Administrative expenses: ( 1,663,363 ) ( 1,339,828 )
Operating profit(or loss): 50,279 101,536
Profit(or loss) before tax: 50,279 101,536
Profit(or loss) for the financial year: 50,279 101,536

THE WILL ASSOCIATES LTD

Balance sheet

As at 31 January 2020

Notes 2020 2019


£
£
Fixed assets
Tangible assets: 3 154,294 148,586
Total fixed assets: 154,294 148,586
Current assets
Debtors: 4 198,550 109,241
Cash at bank and in hand: 400,591 428,859
Total current assets: 599,141 538,100
Creditors: amounts falling due within one year: 5 ( 515,991 ) ( 477,593 )
Net current assets (liabilities): 83,150 60,507
Total assets less current liabilities: 237,444 209,093
Creditors: amounts falling due after more than one year: 6 ( 8,390 ) ( 20,765 )
Total net assets (liabilities): 229,054 188,328
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 228,954 188,228
Total Shareholders' funds: 229,054 188,328

The notes form part of these financial statements

THE WILL ASSOCIATES LTD

Balance sheet statements

For the year ending 31 January 2020 the company was entitled to exemption 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.

This report was approved by the board of directors on 28 October 2020
and signed on behalf of the board by:

Name: Simon Wright
Status: Director

The notes form part of these financial statements

THE WILL ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2020

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

THE WILL ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2020

  • 2. Employees

    2020 2019
    Average number of employees during the period 50 45

THE WILL ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2020

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2019 137,956 5,746 64,273 2,985 210,960
Additions 2,965 2,743 5,708
Disposals
Revaluations
Transfers
At 31 January 2020 137,956 8,711 67,016 2,985 216,668
Depreciation
At 1 February 2019 0 5,746 53,643 2,985 62,374
Charge for year
On disposals
Other adjustments
At 31 January 2020 0 5,746 53,643 2,985 62,374
Net book value
At 31 January 2020 137,956 2,965 13,373 0 154,294
At 31 January 2019 137,956 0 10,630 0 148,586

THE WILL ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2020

4. Debtors

2020 2019
£ £
Trade debtors 125,412 52,785
Prepayments and accrued income 63,205
Other debtors 9,933 56,456
Total 198,550 109,241

THE WILL ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2020

5. Creditors: amounts falling due within one year note

2020 2019
£ £
Trade creditors 71,007 41,100
Taxation and social security 181,325 175,391
Accruals and deferred income 222,034 234,626
Other creditors 41,625 26,476
Total 515,991 477,593

THE WILL ASSOCIATES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2020

6. Creditors: amounts falling due after more than one year note

2020 2019
£ £
Bank loans and overdrafts 8,390 20,765
Total 8,390 20,765