Teenyworld Limited - Period Ending 2016-03-31

TEENYWORLD LIMITED - Company Information

Registration number: 04651324

Teenyworld Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016

MPH Accountancy
9a Westgate
Patrington
East Yorkshire
HU12 0NA

Teenyworld Limited

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Teenyworld Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Teenyworld Limited for the year ended 31 March 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Teenyworld Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Teenyworld Limited and state those matters that we have agreed to state to them, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Teenyworld Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Teenyworld Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Teenyworld Limited. You consider that Teenyworld Limited 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 accounts of Teenyworld Limited. 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 accounts.

......................................

MPH Accountancy
9a Westgate
Patrington
East Yorkshire
HU12 0NA

28 December 2016

Page 1

Teenyworld Limited

(Registration number: 04651324)
Abbreviated Balance Sheet as at 31 March 2016

	Note	2016 £	2015 £
Fixed assets
Intangible assets		39,286	47,143
Tangible assets		14,421	13,198
		53,707	60,341
Current assets
Debtors		8,021	7,080
Cash at bank and in hand		(2,393)	8,190
		5,628	15,270
Creditors: Amounts falling due within one year		(9,770)	(18,062)
Net current liabilities		(4,142)	(2,792)
Total assets less current liabilities		49,565	57,549
Creditors: Amounts falling due after more than one year		(38,958)	(44,458)
Net assets		10,607	13,091
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		9,607	12,091
Shareholders' funds		10,607	13,091

For the year ending 31 March 2016 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the director on 28 December 2016

.........................................
Mrs Dawn Farren
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Teenyworld Limited

Notes to the Abbreviated Accounts

1	Accounting policies

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	7 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery etc	20% on reducing balance

2	Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 April 2015	55,000	35,565	90,565
Additions	-	3,862	3,862
At 31 March 2016	55,000	39,427	94,427
Depreciation
At 1 April 2015	7,857	22,367	30,224
Charge for the year	7,857	2,639	10,496
At 31 March 2016	15,714	25,006	40,720
Net book value
At 31 March 2016	39,286	14,421	53,707
At 31 March 2015	47,143	13,198	60,341

Page 3

Teenyworld Limited

Notes to the Abbreviated Accounts

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 April 2015	55,000	35,565	90,565
Additions	-	3,862	3,862
At 31 March 2016	55,000	39,427	94,427
Depreciation
At 1 April 2015	7,857	22,367	30,224
Charge for the year	7,857	2,639	10,496
At 31 March 2016	15,714	25,006	40,720
Net book value
At 31 March 2016	39,286	14,421	53,707
At 31 March 2015	47,143	13,198	60,341

3	Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000

Control

The director is the controlling party by virtue of her controlling shareholding in the company.

Page 4