The_Write_Time_Ltd_31_Dec_2017_companies_house_set_of_accounts.html
The_Write_Time_Ltd_31_Dec_2017_companies_house_set_of_accounts.html
Company registration number:
Report to the director on the preparation of the unaudited statutory financial statements of The Write Time Ltd
Year ended 31 December 2017
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of The Write Time Ltd for the year ended 31 December 2017 which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Chartered Institute of Management Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com/.
This report is made solely to the Board of Directors of The Write Time Ltd , as a body. My work has been undertaken solely to prepare for your approval the financial statements of The Write Time Ltd and state those matters that I have agreed to state to the Board of Directors of The Write Time Ltd , as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com/.
To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than The Write Time Ltd and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that The Write Time Ltd 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 The Write Time Ltd . You consider that The Write Time Ltd is exempt from the statutory audit requirement for the year.
Penshurst House
Kerves Lane
Horsham
West Sussex
RH13 6ES
United Kingdom
Kerves Lane
Horsham
West Sussex
RH13 6ES
United Kingdom
Date:
3 March 2018
Statement of Financial Position
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| Note | £ | £ | |||
| Current assets | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year | 6 |
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| Net current assets |
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| Total assets less current liabilities | 62,531 | 32,024 | |||
| Capital and reserves | |||||
| Called up share capital | - | - | |||
| Profit and loss account |
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| Shareholders funds |
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For the year ending 31 December 2017 , the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 3 March 2018 , and are signed on behalf of the board by:
| Director |
Company registration number:
8852132
Notes to the Financial Statements
Year ended 31 December 2017
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Cornerstone House , 14 Willis Road , Croydon , CR0 2XX , United Kingdom.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Current tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Defined contribution pension plan
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4 Average number of employees
The average number of persons employed by the company during the year was 16.00 (2016: 11 ).
5 Debtors
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| £ | £ | |||
| Trade debtors |
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| Other debtors |
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6 Creditors: amounts falling due within one year
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| £ | £ | |||
| Trade creditors |
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| Taxation and social security |
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| Other creditors |
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