WORDSWORTH TRANSCRIPTS LIMITED Accounts filed on 31-03-2014
WORDSWORTH TRANSCRIPTS LIMITED Accounts filed on 31-03-2014
WORDSWORTH TRANSCRIPTS LIMITED
Company Registration Number:
04691565 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st April 2013
End date: 31st March 2014
SUBMITTED
WORDSWORTH TRANSCRIPTS LIMITED
Company Information
for the Period Ended
31st March 2014
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WORDSWORTH TRANSCRIPTS LIMITED
Abbreviated Balance sheet
As at 31st March 2014
Notes | 2014 £ |
2013 £ |
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Fixed assets | |||
Intangible assets: | - |
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Tangible assets: | 6 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 7 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors | |||
Creditors: amounts falling due within one year | 8 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
WORDSWORTH TRANSCRIPTS LIMITED
Abbreviated Balance sheet
As at 31st March 2014
continued
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2013 £ |
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Capital and reserves | |||
Called up share capital: | 9 |
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Profit and Loss account: |
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Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: P V ELLIS
Status: Director
The notes form part of these financial statements
WORDSWORTH TRANSCRIPTS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014
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1. Accounting policies
Basis of measurement and preparation of accounts
THE FINANCIAL STATEMENTS HAVE BEEN PREPARED UNDER THE HISTORICAL COST CONVENTION AND IN ACCORDANCE WITH THE FINANCIAL REPORTING STANDARD FOR SMALLER ENTITIES. Turnover policy
THE TURNOVER SHOWN IN THE PROFIT & LOSS ACOUNT REPRESENTS REVENUE EARNED DURING THE PERIOD, EXCLUSIVE OF VAT. Tangible fixed assets depreciation policy
DEPRECIATION IS PROVIDED, AFTER TAKING ACCOUNT OF ANY GRANTS RECEIVABLE, AT THE FOLLOWING ANNUAL RATES IN ORDER TO WRITE OFF EACH ASSET OVER ITS ESTIMATED USEFUL LIFE: MOTOR VEHICLES - 25% ON COST PLANT & EQUIPMENT - 20% ON COST Intangible fixed assets amortisation policy
INTANGIBLE FIXED ASSETS (INCLUDING PURCHASED GOODWILL AND PATENTS) ARE AMORTISED AT RATES CALCULATED TO WRITE OFF THE ASSETS ON A STRAIGHT BASIS OVER THEIR ESTIMATED USEFUL ECONOMIC LIVES, NOT TO EXCEED TWENTY YEARS. IMPAIRMENT OF INTANGIBLE ASSETS IS ONLY REVIEWED WHERE CIRCUMSTANCES INDICATE THAT THE CARRYING VALUE OF AN ASSET MAY NOT BE FULLY RECOVERABLE. Valuation information and policy
STOCKS AND WORK IN PROGRESS ARE VALUED AT THE LOWER OF COST AND NET REALISABLE VALUE, AFTER MAKING DUE ALLOWANCE FOR OBSOLETE AND SLOW MOVING ITEMS. COST INCLUDES ALL DIRECT EXPENDITURE AND AN APPROPRIATE PROPORTION OF FIXED AND VARIABLE OVERHEADS.
WORDSWORTH TRANSCRIPTS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014
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6. Tangible assets
Total Cost £ At 01st April 2013: 21,537 Additions: 828 At 31st March 2014: 22,365 Depreciation At 01st April 2013: 21,040 Charge for year: 31 At 31st March 2014: 21,071 Net book value At 31st March 2014: 1,294 At 31st March 2013: 497
WORDSWORTH TRANSCRIPTS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014
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7. Debtors
2014
£2013
£Trade debtors: 5,768 3,857 Other debtors: 0 32,414 Prepayments and accrued income: 28 120 Total: 5,796 36,391
WORDSWORTH TRANSCRIPTS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014
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8. Creditors: amounts falling due within one year
2014
£2013
£Bank loans and overdrafts: - 18,607 Taxation and social security: 1,652 11,879 Accruals and deferred income: 1,010 2,226 Other creditors: 3,236 4,711 Total: 5,898 37,423
WORDSWORTH TRANSCRIPTS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014
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11 . Transactions with directors
Name of director receiving advance or credit: P V ELLIS Description of the transaction: DIRECTORS CURRENT ACCOUNT Balance at 01st April 2013: 29,664 Advances or credits repaid: 32,900 Balance at 31st March 2014: ( 3,236 )