Woodward-Kelly & Co Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06002617 (England and Wales)

WOODWARD-KELLY & CO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2018 TO 28 FEBRUARY 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs F M Woodward-Kelly

SECRETARY:

A J Kelly

REGISTERED OFFICE:

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

REGISTERED NUMBER:

06002617 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Tangible assets

4

5,577

7,713

CURRENT ASSETS

Debtors

5

-

14,446

Cash at bank

10,728

13,819

10,728

28,265

CREDITORS

Amounts falling due within one year

6

11,768

21,156

NET CURRENT (LIABILITIES)/ASSETS

(1,040

)

7,109

TOTAL ASSETS LESS CURRENT LIABILITIES

4,537

14,822

PROVISIONS FOR LIABILITIES

1,060

1,465

NET ASSETS

3,477

13,357

CAPITAL AND RESERVES

Called up share capital

7

3

2

Retained earnings

3,474

13,355

SHAREHOLDERS' FUNDS

3,477

13,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 26 November 2019 and were signed by:

Mrs F M Woodward-Kelly - Director

1.	STATUTORY INFORMATION

Woodward-Kelly & Co 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in

operational existence for the foreseeable future. The director has reached this conclusion giving due

consideration to the projected future performance of the company and any potential risk that might

impact the company's ability to meet its required solvency levels. For this reason, they continue to

adopt the going concern basis in preparing 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the period end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2018

and 28 February 2019

16,290

27,000

3,936

47,226

DEPRECIATION

At 1 April 2018

13,793

22,195

3,525

39,513

Charge for period

624

1,201

311

2,136

At 28 February 2019

14,417

23,396

3,836

41,649

NET BOOK VALUE

At 28 February 2019

1,873

3,604

100

5,577

At 31 March 2018

2,497

4,805

411

7,713

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

14,446

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

3,724

17,081

Other creditors

8,044

4,075

11,768

21,156

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

2

Ordinary

£1

2

2

1

Ordinary B

£1

1

-

3

2

1 Ordinary B share of £1 was allotted and fully paid for cash at par during the period.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs F M Woodward-Kelly.