Executives On The Web Limited - Accounts to registrar (filleted) - small 17.3
Executives On The Web Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2017 |
| for |
| Executives On The Web Limited |
| Executives On The Web Limited (Registered number: 03918465) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 6 |
| Executives On The Web Limited |
| Company Information |
| for the Year Ended 30 September 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Hanover Court |
| 5 Queen Street |
| Lichfield |
| Staffordshire |
| WS13 6QD |
| Executives On The Web Limited (Registered number: 03918465) |
| Balance Sheet |
| 30 September 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Executives On The Web Limited (Registered number: 03918465) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2017 |
| 1. | STATUTORY INFORMATION |
| Executives On The Web Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
| These financial statements are the first to comply with FRS 102 Section 1A "Small Entities". The date of |
| transition is 1 October 2015. |
| The transition has resulted in a small number of changes in accounting policies to those used previously. The |
| changes have not impacted on opening equity or profit for the comparative period. |
| 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 |
| Plant and machinery etc | - |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Executives On The Web Limited (Registered number: 03918465) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 October 2016 |
| and 30 September 2017 |
| DEPRECIATION |
| At 1 October 2016 |
| Charge for year |
| At 30 September 2017 |
| NET BOOK VALUE |
| At 30 September 2017 |
| At 30 September 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Amounts owed by associates |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Amounts owed to associates | 4,632 | - |
| Taxation and social security |
| Other creditors |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | 1p | 42,667 | 42,667 |
| Executives On The Web Limited (Registered number: 03918465) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2017 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 October 2016 | ( |
) |
| Profit for the year |
| At 30 September 2017 | ( |
) |
| 10. | RELATED PARTY DISCLOSURES |
| Consulting BV Limited |
| Associated company |
| 2017 | 2016 |
| £ | £ |
| Management fees | 9,437 | 13,033 |
| Other expenses | 267 | 366 |
| 2017 | 2016 |
| £ | £ |
| Amount due from related party at the balance sheet date | 1,503 | 8,211 |
| The Innocent Devils Limited |
| Associated company. |
| 2017 | 2016 |
| £ | £ |
| Consultancy | 7,400 | - |
| Management fees | (750 | ) | (3,000 | ) |
| Other expenses | - | (359 | ) |
| 2017 | 2016 |
| £ | £ |
| Amount due (to)/from related party at the balance sheet date | (4,632 | ) | 3,431 |
| B H Varley and M S C Temudo |
| Included in other creditors within one year is £68,520 (2016: £87,085) due to B H Varley and £23,777 (2016: |
| £23,411) due to M S C Temudo. The loans have no specific terms regarding repayment or the payment of |
| interest but the directors have assured the company that they will not seek repayment of the loans until such time |
| as the company can afford to do so without detriment to cash flow or payment of other creditors. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Executives On The Web Limited |
| The following reproduces the text of the report prepared for the directors 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. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Executives On The Web Limited for the year ended 30 September 2017 which comprise the |
| Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from |
| information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Executives On The Web Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Executives On The Web Limited and state those matters that we have agreed to state to the Board of Directors of Executives On The Web Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Executives On The Web Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Executives On The Web Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Executives On The Web Limited. You consider that Executives On The Web Limited 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 financial statements of Executives On The Web Limited. 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 financial statements. |
| Hanover Court |
| 5 Queen Street |
| Lichfield |
| Staffordshire |
| WS13 6QD |