WorkVisible Ltd - Accounts to registrar - small 17.1.1

WorkVisible Ltd - Accounts to registrar - small 17.1.1

WORKVISIBLE LTD - Company Information

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REGISTERED NUMBER: SC293619 (Scotland)












Financial Statements for the Year Ended 31 December 2016

for

WORKVISIBLE LTD

WORKVISIBLE LTD (REGISTERED NUMBER: SC293619)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

WORKVISIBLE LTD

Company Information
for the Year Ended 31 December 2016







DIRECTORS: A De Vale
J De Vale





REGISTERED OFFICE: Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC293619 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
Traill Drive
Montrose
Angus
DD10 8SW
Page 1
WORKVISIBLE LTD (REGISTERED NUMBER: SC293619)

Balance Sheet
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,242 4,323

CURRENT ASSETS
Debtors 5 64,209 82,087
Cash at bank 1,001 -
65,210 82,087
CREDITORS
Amounts falling due within one year 6 61,914 57,460
NET CURRENT ASSETS 3,296 24,627
TOTAL ASSETS LESS CURRENT
LIABILITIES
6,538
28,950

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,438 28,850
SHAREHOLDERS' FUNDS 6,538 28,950

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 5 July 2017 and were signed on its behalf
by:





A De Vale - Director


The notes form part of these financial statements

Page 2
WORKVISIBLE LTD (REGISTERED NUMBER: SC293619)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

WorkVisible Ltd is a private company, limited by shares , registered in Scotland. 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.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period
of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Page 3 continued...
WORKVISIBLE LTD (REGISTERED NUMBER: SC293619)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2016
and 31 December 2016 6,128
DEPRECIATION
At 1 January 2016 1,805
Charge for year 1,081
At 31 December 2016 2,886
NET BOOK VALUE
At 31 December 2016 3,242
At 31 December 2015 4,323

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 29,942 29,494
Other debtors 34,267 52,593
64,209 82,087

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans and overdrafts 12,455 11,632
Taxation and social security 35,879 33,371
Other creditors 13,580 12,457
61,914 57,460

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £164,620 (2015 - £102,366) were paid to the directors .

The company was under the control of the directors A De Vale and J De Vale throughout the current and
previous year.

During the year the director has repaid the company net amounts totalling £19,025. As at 31 December
2016 included within other debtors is a balance outstanding due to the company of £22,631 (2015 -
£41,656). Interest has been applied to this loan at rates as prescribed by HM Revenue and Customs.

Page 4
WORKVISIBLE LTD

Report of the Accountants to the Directors of
WorkVisible Ltd

The following reproduces the text of the report prepared for the directors and members in respect
of the company's annual unaudited financial statements. In accordance with the Companies Act
2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income
Statement and certain other primary statements and the Report of the Directors are not required
to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2016 set out on pages to and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Account Tax Ltd
Chartered Certified Accountants
Traill Drive
Montrose
Angus
DD10 8SW


5 July 2017

This page does not form part of the statutory financial statements

Page 5