Untamed Writing Limited - Accounts to registrar (filleted) - small 17.3
Untamed Writing Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2017 |
| for |
| Untamed Writing Limited |
| Untamed Writing Limited (Registered number: SC457534) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Untamed Writing Limited |
| Company Information |
| for the Year Ended 31 March 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 6 Logie Mill |
| Edinburgh |
| Lothian |
| EH7 4HG |
| Untamed Writing Limited (Registered number: SC457534) |
| Balance Sheet |
| 31 March 2017 |
| 31.3.17 | 31.3.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 3 |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 8 | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| Untamed Writing Limited (Registered number: SC457534) |
| Balance Sheet - continued |
| 31 March 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the director on |
| Untamed Writing Limited (Registered number: SC457534) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Untamed Writing Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of 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. |
| Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are |
| considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods |
| are physically delivered to the customer. |
| Goodwill |
| Goodwill arising on the acquisition of the business, representing any excess of fair value of the consideration |
| given over the fair value of the identifiable assets and liabilities aquired, is capitalised and written off over its |
| useful economic life. |
| Upon transition to FRS 102 Section 1A the decision was taken to amortize the remaining goodwill over 10 years |
| from the date of transition. This is deemed to be its remaining useful economic life. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is |
| provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of |
| each asset on a straight-line basis over its expected useful life, as follows: |
| Fixtures and fittings 25 % per annum |
| Computer Equipment 25% per annum |
| Residual value represents the estimated amount which would currently be obtained from disposal of an asset, |
| after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at |
| the end of its useful life. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
| 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. |
| Untamed Writing Limited (Registered number: SC457534) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 year 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. |
| Financial instruments |
| The company only has financial assets and financial liabilities of a kind that qualify as basic financial |
| instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured |
| at their settlement value. |
| 3. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 April 2016 |
| and 31 March 2017 |
| AMORTISATION |
| At 1 April 2016 |
| Amortisation for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2016 |
| Additions |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| Untamed Writing Limited (Registered number: SC457534) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | PROVISIONS FOR LIABILITIES |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Deferred tax | 69 | 127 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2016 |
| Provided during year | ( |
) |
| Balance at 31 March 2017 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 April 2016 | ( |
) |
| Profit for the year |
| Dividends | ( |
) |
| At 31 March 2017 |
| 9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| As at 31 March 2017 the company owed K Marston, director, £6,846 (2016: £13,839). |
| 10. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £444 (2016: £16,231) were paid to the director. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is K Marston. |