The Last Word Events & Training Ltd - Period Ending 2016-07-31

Registration number: 08156568

The Last Word Events & Training Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

Mint Accounting Ltd
56 King Street
Aberdeen
AB24 5AX

The Last Word Events & Training Ltd
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
The Last Word Events & Training Ltd
for the Year Ended 31 July 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Last Word Events & Training Ltd for the year ended 31 July 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 The Last Word Events & Training Ltd, 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 The Last Word Events & Training Ltd and state those matters that we have agreed to state to them, as a body, in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Last Word Events & Training Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Last Word Events & Training Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Last Word Events & Training Ltd. You consider that The Last Word Events & Training Ltd 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 The Last Word Events & Training Ltd. 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.

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

Mint Accounting Ltd
56 King Street
Aberdeen
AB24 5AX

28 April 2017

Page 1

The Last Word Events & Training Ltd
(Registration number: 08156568)
Abbreviated Balance Sheet at 31 July 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					7,319			8,675
Current assets
Debtors					8,775			10,094
Cash at bank and in hand					1,236			550
					10,011			10,644
Creditors: Amounts falling due within one year					(16,713)			(32,929)
Net current liabilities					(6,702)			(22,285)
Net assets/(liabilities)					617			(13,610)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					517			(13,710)
Shareholders' funds/(deficit)					617			(13,610)

For the year ending 31 July 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 director acknowledges her 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 April 2017

.........................................
Ms Janet Murray
Director

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

The Last Word Events & Training Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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	25% reducing balance
Land and building	20% reducing balance

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

The Last Word Events & Training Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2015		13,710			13,710
Additions		624			624
At 31 July 2016		14,334			14,334
Depreciation
At 1 August 2015		5,035			5,035
Charge for the year		1,980			1,980
At 31 July 2016		7,015			7,015
Net book value
At 31 July 2016		7,319			7,319
At 31 July 2015		8,675			8,675

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Ms Janet Murray
During the year the company provided the director with an interest free loan, which is unsecured, repayable on demand and shown under Other Debtors.	31,977	24,205	6,213	3,344

Page 4