TONY WAINWRIGHT LTD Filleted accounts for Companies House (small and micro)

TONY WAINWRIGHT LTD - Company Information

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COMPANY REGISTRATION NUMBER: 08670586

TONY WAINWRIGHT LTD

Filleted Unaudited Abridged Financial Statements

31 August 2019

TONY WAINWRIGHT LTD

Abridged Statement of Financial Position

31 August 2019

	2019		2018
Note	£	£	£

Fixed assets

Intangible assets	5		72,600	72,600

Current assets

Cash at bank and in hand	1,395		5,848

Creditors: amounts falling due within one year	26,671		31,802
	--------		--------
Net current liabilities		25,276	25,954
		--------	--------
Total assets less current liabilities		47,324	46,646

Creditors: amounts falling due after more than one year	54,607	61,119
	--------	--------
Net liabilities	( 7,283)	( 14,473)
	--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 7,285)	( 14,475)
	-------	--------
Shareholders deficit	( 7,283)	( 14,473)
	-------	--------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 August 2019 in accordance with Section 444(2A) of the Companies Act 2006.

TONY WAINWRIGHT LTD

Abridged Statement of Financial Position (continued)

31 August 2019

These abridged financial statements were approved by the board of directors and authorised for issue on 3 October 2019 , and are signed on behalf of the board by:

Mr T WAINWRIGHT	MR M WAINWRIGHT
Director	Director

Company registration number: 08670586

TONY WAINWRIGHT LTD

Notes to the Abridged Financial Statements

Year ended 31 August 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Barbican House, 36 New Street, The Barbican, PLYMOUTH, PL1 2NA.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units .

Defined contribution plans

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2018: Nil).

5. Intangible assets

	£
Cost
At 1 September 2018 and 31 August 2019	72,600
	--------
Amortisation
At 1 September 2018 and 31 August 2019	–
	--------
Carrying amount
At 31 August 2019	72,600
	--------
At 31 August 2018	72,600
	--------

6. Related party transactions

The company was under the control of Mr T Wainwright throughout the current year. No transactions with related parties were undertaken such as are required to be disclosed under FRSSe.