Company Registration No. 09139101 (England and Wales)
WordlyWise Language Services Ltd
Unaudited accounts
for the year ended 31 July 2017
WordlyWise Language Services Ltd
Unaudited accounts
Contents
WordlyWise Language Services Ltd
Company Information
for the year ended 31 July 2017
Company Number
09139101 (England and Wales)
Registered Office
20-22 Wenlock Road
LONDON
N1 7GU
ENGLAND
WordlyWise Language Services Ltd
Statement of financial position
as at 31 July 2017
Tangible assets
3,110
4,086
Cash at bank and in hand
41,220
7,801
Creditors: amounts falling due within one year
(28,659)
(24,974)
Net current assets
15,004
2,113
Called up share capital
1
1
Profit and loss account
18,113
6,198
Shareholders' funds
18,114
6,199
For the year ending 31 July 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 September 2017.
Debora Chobanian
Director
Company Registration No. 09139101
WordlyWise Language Services Ltd
Notes to the Accounts
for the year ended 31 July 2017
WordlyWise Language Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 09139101. The registered office and principal place of business is 20-22 Wenlock Road, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
WordlyWise Language Services Ltd
Notes to the Accounts
for the year ended 31 July 2017
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2016
4,903
1,658
6,561
At 31 July 2017
4,536
2,357
6,893
At 1 August 2016
1,875
600
2,475
Charge for the year
722
586
1,308
At 31 July 2017
2,597
1,186
3,783
At 31 July 2017
1,939
1,171
3,110
At 31 July 2016
3,028
1,058
4,086
Trade debtors
2,443
19,286
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
23,105
15,777
Loans from directors
5,392
(346)
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2016: 1).
