Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

WCL ALUMNI LIMITED - Company Information

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WCL ALUMNI LIMITED

Company Registration Number:
08049840 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

WCL ALUMNI LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2016

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

WCL ALUMNI LIMITED

Company Information

for the Period Ended 31 March 2016




Director: Kieron David White
White Consultants Limited
Paul Robert Miller
Jeremy Malcolm Samways
Secretary: Paul Robert Miller
Registered office: 8th Floor, Elizabeth House
York Road
London
SE1 7NQ
Company Registration Number: 08049840 (England and Wales)

WCL ALUMNI LIMITED

Directors' Report Period Ended 31 March 2016

The directors present their report with the financial statements of the company for the period ended 31 March 2016

Principal Activities

The company offers a number of distinct Alumni related services to, predominantly, education related organisations in the public sector.

Directors
 The directors shown below have held office during the whole of the period from
01 April 2015 to 31 March 2016
Kieron David White
White Consultants Limited
Paul Robert Miller

The director(s) shown below were appointed to the company during the period
Jeremy Malcolm Samways on 01 June 2015

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 25 November 2016
And Signed On Behalf Of The Board By:

Name: Kieron David White
Status: Director

Name: Paul Robert Miller
Status: Director

Name: Jeremy Malcolm Samways
Status: Director

WCL ALUMNI LIMITED

Profit and Loss Account

for the Period Ended 31 March 2016


Notes
2016
£
2015
£
Turnover: 2 314,250 338,257
Cost of sales: ( 67,105 ) ( 68,100 )
Gross profit or (loss): 247,145 270,157
Administrative expenses: ( 270,545 ) ( 274,458 )
Operating profit or (loss): 3 ( 23,400 ) ( 4,301 )
Interest receivable and similar income: 70 89
Profit or (loss) on ordinary activities before taxation: ( 23,330 ) ( 4,212 )
Tax on profit or (loss) on ordinary activities: ( 14 ) ( 13 )
Profit or (loss) for the financial year: ( 23,344 ) ( 4,225 )

The notes form part of these financial statements

WCL ALUMNI LIMITED

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

WCL ALUMNI LIMITED

Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 4 0 1,863
Total fixed assets: 0 1,863
Current assets
Debtors: 5 64,525 111,540
Cash at bank and in hand: 66,973 15,835
Total current assets: 131,498 127,375
Creditors: amounts falling due within one year: ( 298,976 ) ( 273,372 )
Net current assets (liabilities): ( 167,478 ) ( 145,997 )
Total assets less current liabilities: ( 167,478 ) ( 144,134 )
Creditors: amounts falling due after more than one year: 6 ( 10,000 ) ( 10,000 )
Total net assets (liabilities): ( 177,478 ) ( 154,134 )

The notes form part of these financial statements

WCL ALUMNI LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 7 50 50
Profit and loss account: 8 ( 177,528 ) ( 154,184 )
Shareholders funds: ( 177,478 ) ( 154,134 )

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 25 November 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Kieron David White
Status: Director

Name: Paul Robert Miller
Status: Director

Name: Jeremy Malcolm Samways
Status: Director

The notes form part of these financial statements

WCL ALUMNI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements are prepared under the historic cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008).
    The financial statements have been prepared in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
    The company has taken advantage of the exemption in Financial Reporting Standard (No 1) from the requirement to produce a cash flow statement on the grounds that it is a small company.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially recorded at cost.
    Tangible fixed assets are stated in the accounts at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
    Equipment 50% straight line over 2 years
    Computer Software 100% straight line over 1 year

WCL ALUMNI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 2. Turnover

    The turnover represents amounts invoiced during the period net of VAT and trade discounts.
    In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the period, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

WCL ALUMNI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 3. Operating profit or (loss)

    Operating profit or (loss) before tax as stated after charging the following.


    2016
    £
    2015
    £
    Depreciation - owned assets: 1,863 5,177

WCL ALUMNI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 4. Tangible assets

    Land and buildings Plant and Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    01 April 2015: - - - 37,862 - 37,862
    Additions: - - - - - 0
    Disposals: - - - - - 0
    Revaluations: - - - - - 0
    Transfers: - - - - - 0
    31 March 2016: - - - 37,862 - 37,862
    Depreciation
    01 April 2015: - - - 35,999 - 35,999
    Charge for year: - - - 1,863 - 1,863
    On disposals: - - - - - 0
    Other adjustments: - - - - - 0
    31 March 2016: - - - 37,862 - 37,862
    Net book value
    31 March 2016: - - - 0 - 0
    31 March 2015: - - - 1,863 - 1,863

WCL ALUMNI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 5. Debtors


    2016
    £
    2015
    £
    Trade debtors: 50,400 111,540
    Prepayments and accrued income: 14,125 0
    Total: 64,525 111,540

WCL ALUMNI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 6. Creditors: amounts falling due after more than one year


    2016
    £
    2015
    £
    Other creditors: 10,000 10,000
    Total: 10,000 10,000

    Loans from Associated Companies: White Consultants Limited £10,000 (2015: £10,000)

WCL ALUMNI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 7. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 50 1.00 50
    Preference shares: 0
    Total share capital (£): 50
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 50 1.00 50
    Preference shares: 0
    Total share capital (£): 50

WCL ALUMNI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 8. Profit and loss account


    2016
    £
    2015
    £
    Opening balance: ( 154,184 ) ( 149,959 )
    Profit or (loss) for the period: ( 23,344 ) ( 4,225 )
    Retained profit: ( 177,528 ) ( 154,184 )

WCL ALUMNI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2016

  • 9. Transactions with directors

    Name of director receiving advance or credit Kieron David White
    Description of the transaction Related transactions
    Balance at 01 April 2015 106
    Balance at 31 March 2016 106

    The company was under the control of Mr Kieron White throughout the current and previous year. Mr Kieron White is the Managing Director and majority shareholder by virtue of his holding of 57.5% of the issued Ordinary shares. Mr Kieron White received £36,000 during the year to 31 Mar 2016 by way of consultancy fees (2015: £36,000).