Wood Art Studio Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09819606 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 12 OCTOBER 2015 TO 31 OCTOBER 2016

FOR

WOOD ART STUDIO LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

A Bergs

T Richardson

REGISTERED OFFICE:

Unit 8

Twydale Business Park

Skerne Road

Driffield

E. Yorks

YO25 6JX

REGISTERED NUMBER:

09819606 (England and Wales)

ACCOUNTANTS:

Majors Limited

Merchants Warehouse

8 King Street

Trinity Square

Hull

E. Yorks

HU1 2JJ

FIXED ASSETS

Tangible assets

4

15,156

CURRENT ASSETS

Debtors

5

18,956

Cash at bank

34,368

53,324

CREDITORS

Amounts falling due within one year

6

23,247

NET CURRENT ASSETS

30,077

TOTAL ASSETS LESS CURRENT LIABILITIES

45,233

PROVISIONS FOR LIABILITIES

3,031

NET ASSETS

42,202

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

42,102

SHAREHOLDERS' FUNDS

42,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 April 2017 and were signed on its behalf by:

T Richardson - Director

A Bergs - Director

1.	STATUTORY INFORMATION

Wood Art Studio Limited is a private company, limited by shares , registered in England and

Wales. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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 etc

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

17,890

At 31 October 2016

17,890

DEPRECIATION

Charge for period

2,734

At 31 October 2016

2,734

NET BOOK VALUE

At 31 October 2016

15,156

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

965

Other debtors

1,708

Directors' current accounts

4,011

Prepayments and accrued income

12,272

18,956

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1,490

Tax

7,513

Social security and other taxes

65

VAT

6,244

Accruals and deferred income

7,935

23,247

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended

31 October 2016:

£

T Richardson

Balance outstanding at start of period

-

Amounts advanced

9,716

Amounts repaid

(7,522

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

2,194

A Bergs

Balance outstanding at start of period

-

Amounts advanced

8,869

Amounts repaid

(7,052

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

1,817