Warkworth Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07105451 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019

FOR

WARKWORTH CONSULTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S J Potts

REGISTERED OFFICE:

Oakleigh Cottage

Maynards Green

Heathfield

East Sussex

TN21 0BU

REGISTERED NUMBER:

07105451 (England and Wales)

ACCOUNTANTS:

Accurate Consulting Services Limited

International House

24 Holborn Viaduct

City of London

London

EC1A 2BN

FIXED ASSETS

Tangible assets

4

-

42,847

CURRENT ASSETS

Debtors

5

31,701

35,550

Partnership net current assets

6

11,215

18,662

Cash at bank

185

742

43,101

54,954

CREDITORS

Amounts falling due within one year

7

31,786

37,818

NET CURRENT ASSETS

11,315

17,136

TOTAL ASSETS LESS CURRENT LIABILITIES

11,315

59,983

PROVISIONS FOR LIABILITIES

-

8,141

NET ASSETS

11,315

51,842

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

11,215

51,742

SHAREHOLDERS' FUNDS

11,315

51,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 30 March 2020 and were signed by:

Mr S J Potts - Director

1.	STATUTORY INFORMATION

Warkworth Consulting 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.

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.

Plant and machinery etc

-

33% on reducing balance, 33% Straight line basis and 25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2018

82,492

4,174

5,686

92,352

Additions

53,855

149

81

54,085

Disposals

(136,347

)

(4,323

)

(5,767

)

(146,437

)

At 30 June 2019

-

-

-

-

DEPRECIATION

At 1 January 2018

42,277

2,552

4,676

49,505

Charge for period

23,518

586

666

24,770

Eliminated on disposal

(65,795

)

(3,138

)

(5,342

)

(74,275

)

At 30 June 2019

-

-

-

-

NET BOOK VALUE

At 30 June 2019

-

-

-

-

At 31 December 2017

40,215

1,622

1,010

42,847

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2017

£

£

Amounts owed by associates

31,701

35,190

Other debtors

-

360

31,701

35,550

6.	PARTNERSHIP NET CURRENT ASSETS

2018

2017

£

£

Stocks

10,134

18,479

Debtors

1,123

289

Bank

75

112

Less Creditors

(117

)

(218

)

Net Current Assets

11,215

18,662

The directors consider that, in order to show a true and fair view, the company's value adjustments to current

asset investments are equivalent to its share of the results of the Dean Close LLP, which should be accounted

for as such in the Income Statement and its share of net assets should be shown within current assets on the

balance sheet. These accounts have been prepared on that basis.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2017

£

£

Tax

23,202

13,302

VAT

2,184

22,926

Directors' current accounts

-

390

Accruals and deferred income

6,400

1,200

31,786

37,818

8.	ULTIMATE CONTROLLING PARTY