Words & Pictures Education Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04819461 (England and Wales)

Words & Pictures Education Limited

Financial Statements

for the Year Ended 31 March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Layton

Mr D Lynch MBA FCMA

Mr A Holt

REGISTERED OFFICE:

Wharfebank House

Ilkley Road

Otley

Leeds

West Yorkshire

LS21 3JP

REGISTERED NUMBER:

04819461 (England and Wales)

ACCOUNTANTS:

Jolliffe Cork LLP

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Tangible assets

4

-

115

CURRENT ASSETS

Stocks

-

2,079

Debtors

5

19,937

63,721

Cash at bank

2,497

5,161

22,434

70,961

CREDITORS

Amounts falling due within one year

6

17,248

61,581

NET CURRENT ASSETS

5,186

9,380

TOTAL ASSETS LESS CURRENT LIABILITIES

5,186

9,495

CAPITAL AND RESERVES

Called up share capital

7

11,000

11,000

Retained earnings

(5,814

)

(1,505

)

SHAREHOLDERS' FUNDS

5,186

9,495

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 29 August 2018 and were signed on its behalf by:

Mr A Layton - Director

Mr A Holt - Director

1.	STATUTORY INFORMATION

Words & Pictures Education 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.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has

been rounded to the nearest (£), unless otherwise stated.

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.

Going concern

The directors are of the opinion that the company continues to be a going concern and have therefore adopted that basis in

the preparation of the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Turnover represents invoiced sales of products and services, less value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

33% on cost

Fixed assets are initially recorded at cost.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity.

Provision is made for any foreseeable losses where appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 April 2017

and 31 March 2018

4,549

DEPRECIATION

At 1 April 2017

4,434

Charge for year

115

At 31 March 2018

4,549

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

115

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

17,993

58,963

Amounts owed by related undertakings

-

105

VAT

1,443

4,203

Prepayments and accrued income

501

450

19,937

63,721

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,435

28,851

Amounts owed to related undertakings

11,119

12,098

Social security and other taxes

1,400

2,706

Accruals and deferred income

3,294

17,926

17,248

61,581

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

10,000

Ordinary

£1

10,000

10,000

1,000

A Ordinary

£1

1,000

1,000

11,000

11,000

8.	RELATED PARTY DISCLOSURES