Wightlaw Service Company Limited - Accounts to registrar (filleted) - small 18.1

Wightlaw Service Company Limited - Accounts to registrar (filleted) - small 18.1

WIGHTLAW SERVICE COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 00988164 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018

FOR

WIGHTLAW SERVICE COMPANY LIMITED
WIGHTLAW SERVICE COMPANY LIMITED (REGISTERED NUMBER: 00988164)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


WIGHTLAW SERVICE COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2018







DIRECTORS: I Pratt
N Gale
Mrs M A Clarke





SECRETARY: N Gale





REGISTERED OFFICE: Portland House
18 Melville Street
Ryde
Isle of Wight
PO33 2AP





REGISTERED NUMBER: 00988164 (England and Wales)





ACCOUNTANTS: Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ
Page 1
WIGHTLAW SERVICE COMPANY LIMITED (REGISTERED NUMBER: 00988164)

BALANCE SHEET
31 JANUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 425,000 425,000
425,000 425,000

CURRENT ASSETS
Cash at bank 26,176 30,489

CREDITORS
Amounts falling due within one year 6 15,314 15,720
NET CURRENT ASSETS 10,862 14,769
TOTAL ASSETS LESS CURRENT LIABILITIES 435,862 439,769

CREDITORS
Amounts falling due after more than one
year
7
102,261
106,101
NET ASSETS 333,601 333,668

CAPITAL AND RESERVES
Called up share capital 4,604 4,604
Capital redemption reserve 2,848 2,848
Other reserves 1,478 1,478
Retained earnings 324,671 324,738
SHAREHOLDERS' FUNDS 333,601 333,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 notes form part of these financial statements

Page 2 continued...
WIGHTLAW SERVICE COMPANY LIMITED (REGISTERED NUMBER: 00988164)

BALANCE SHEET - continued
31 JANUARY 2018


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 30 July 2018 and were signed on its behalf by:




I Pratt - Director N Gale - Director




Mrs M A Clarke - Director


The notes form part of these financial statements

Page 3
WIGHTLAW SERVICE COMPANY LIMITED (REGISTERED NUMBER: 00988164)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018


1. STATUTORY INFORMATION

Wightlaw Service Company 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.

Turnover
Turnover represents amounts invoiced during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes
in fair value is recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to
apply when the property is sold.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 3 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2017
and 31 January 2018 3,342
DEPRECIATION
At 1 February 2017
and 31 January 2018 3,342
NET BOOK VALUE
At 31 January 2018 -

Page 4 continued...
WIGHTLAW SERVICE COMPANY LIMITED (REGISTERED NUMBER: 00988164)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2017
and 31 January 2018 425,000
NET BOOK VALUE
At 31 January 2018 425,000
At 31 January 2017 425,000

Investment property was valued on an open market basis on 31 January 2016 by N Gale (Director).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 6,774 6,669
Trade creditors 13 -
Taxation and social security 8,038 8,426
Other creditors 489 625
15,314 15,720

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans 102,261 106,101

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 73,042 77,333

8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 109,035 112,770

Page 5