Words & Pictures Education Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04819461 (England and Wales)

Words & Pictures Education Limited

Financial Statements

for the Year Ended 31 March 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Layton

Mr D Lynch MBA FCMA

Mr A Holt

SECRETARY:

Mr D Lynch MBA FCMA

REGISTERED OFFICE:

Wharfebank House

Ilkley Road

Otley

Leeds

West Yorkshire

LS21 3JP

REGISTERED NUMBER:

04819461 (England and Wales)

ACCOUNTANTS:

Jolliffe Cork LLP

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Tangible assets

4

115

257

CURRENT ASSETS

Stocks

2,079

2,021

Debtors

5

63,721

67,739

Cash at bank

5,161

2,897

70,961

72,657

CREDITORS

Amounts falling due within one year

6

61,581

66,230

NET CURRENT ASSETS

9,380

6,427

TOTAL ASSETS LESS CURRENT LIABILITIES

9,495

6,684

CAPITAL AND RESERVES

Called up share capital

7

10,600

11,000

Capital redemption reserve

8

400

-

Retained earnings

8

(1,505

)

(4,316

)

SHAREHOLDERS' FUNDS

9,495

6,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 28 July 2017 and were signed on its behalf by:

Mr A Layton - Director

Mr A Holt - Director

1.	STATUTORY INFORMATION

Words & Pictures Education 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.

These financial statements for the year ended 31 March 2017 are the first financial statements that comply with

FRS section 1A. The transition date is 1 April 2015.

The directors have also considered whether in applying the accounting policies required by FRS 102 the

restatement of comparatives was required. No restatements were required.

Turnover

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

value added tax and other sales taxes.

Turnover represents invoiced sales of products and services, less value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

33% on cost

Fixed assets initially recorded at cost.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of

activity. Provision is made for any foreseeable losses where appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 April 2016

and 31 March 2017

4,549

DEPRECIATION

At 1 April 2016

4,292

Charge for year

142

At 31 March 2017

4,434

NET BOOK VALUE

At 31 March 2017

115

At 31 March 2016

257

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

58,963

67,339

Amounts owed by related undertakings

105

-

Directors' current accounts

-

400

VAT

4,203

-

Prepayments and accrued income

450

-

63,721

67,739

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

28,851

17,023

Amounts owed to related undertakings

12,098

9,827

Social security and other taxes

2,706

4,503

VAT

-

1,104

Accruals and deferred income

17,926

33,773

61,581

66,230

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

10,000

Ordinary

£1

10,000

10,000

1,000

A Ordinary

£1

600

1,000

10,600

11,000

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2016

(4,316

)

-

(4,316

)

Profit for the year

2,811

2,811

Purchase of own shares

-

400

400

At 31 March 2017

(1,505

)

400

(1,105

)

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

2017

2016

£

£

Mr A Holt

Balance outstanding at start of year

400

-

Amounts advanced

-

400

Amounts repaid

(400

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

400

10.	RELATED PARTY DISCLOSURES