Accounts Submission

Accounts Submission

WCL ALUMNI LIMITED - Company Information

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WCL ALUMNI LIMITED

Company Registration Number:
08049840 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

Page 1

WCL ALUMNI LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2017

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 9

Page 2

WCL ALUMNI LIMITED

Company Information

for the Period Ended 31 March 2017




Director: Kieron David White
Paul Robert Miller
Jeremy Malcom Samways
White Consultants Limited
Secretary: Paul Robert Miller
Registered office: Kemp House
152 City Road
London
England
EC1V 2NX
Company Registration Number: 08049840 (England and Wales)

Page 3

WCL ALUMNI LIMITED

Directors' Report Period Ended 31 March 2017

The directors present their report with the financial statements of the company for the period ended 31 March 2017

Principal Activities

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

Directors

The directors shown below have held office during the whole of the period from 01 April 2016 to 31 March 2017
Kieron David White
Paul Robert Miller
Jeremy Malcom Samways
White Consultants Limited

Secretary
Paul Robert Miller

This report was approved by the board of directors on 22 December 2017
And Signed On Behalf Of The Board By:

Name: Kieron David White
Status: Director

Name: Paul Robert Miller
Status: Director

Name: Jeremy Malcom Samways
Status: Director

Name: White Consultants Limited
Status: Director

Page 4

WCL ALUMNI LIMITED

Profit and Loss Account

for the Period Ended 31 March 2017


Notes
2017
£
2016
£
Gross Profit or (Loss) 223,236 247,145
Administrative Expenses (244,575) (270,545)
Operating Profit or (Loss) (21,339) (23,400)
Interest Receivable and Similar Income 68 70
Profit or (Loss) Before Tax (21,271) (23,330)
Tax on Profit (0) (14)
Profit or (Loss) for Period (21,271) (23,344)

The notes form part of these financial statements

Page 5

WCL ALUMNI LIMITED

Balance sheet

As at 31 March 2017


Notes
2017
£
2016
£
Fixed assets
Tangible assets: 2 0 0
Total fixed assets: 0 0
Current assets
Debtors: 3 46,698 50,400
Cash at bank and in hand: 38,819 66,973
Total current assets: 85,517 117,373
Prepayments and accrued income: 10,600 14,125
Creditors: amounts falling due within one year: ( 184,621 ) ( 181,076 )
Net current assets (liabilities): ( 88,504 ) ( 49,578 )
Total assets less current liabilities: ( 88,504 ) ( 49,578 )
Creditors: amounts falling due after more than one year: ( 10,000 ) ( 10,000 )
Accruals and deferred income: ( 100,245 ) ( 117,900 )
Total net assets (liabilities): ( 198,749 ) ( 177,478 )

The notes form part of these financial statements

Page 6

WCL ALUMNI LIMITED

Balance sheet continued

As at 31 March 2017


Notes
2017
£
2016
£
Capital and reserves
Called up share capital: 50 50
Profit and loss account: ( 198,799 ) ( 177,528 )
Shareholders funds: ( 198,749 ) ( 177,478 )

For the year ending 31 March 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

This report was approved by the board of directors on 22 December 2017
And Signed On Behalf Of The Board By:

Name: Kieron David White
Status: Director

Name: Paul Robert Miller
Status: Director

Name: Jeremy Malcom Samways
Status: Director

Name: White Consultants Limited
Status: Director

The notes form part of these financial statements

Page 7

WCL ALUMNI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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.

Page 8

WCL ALUMNI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

2. Tangible Assets

Total
Cost £
At 01 April 2016 37,862
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2017 37,862
Depreciation
At 01 April 2016 37,862
Charge for year -
On disposals -
Other adjustments -
At 31 March 2017 37,862
Net book value
At 31 March 2017 0
At 31 March 2016 0

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

Page 9

WCL ALUMNI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

  • 3. Debtors


    2017
    £
    2016
    £
    Debtors due after more than one year: 1,000 0

    Trade debtors includes a provision for doubtful debts of £25,000 (2016 £0)

Page 10

WCL ALUMNI LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

4.1.Related party disclosures

Name of related party: Kieron David White
Description of relationship:
Director and majority shareholder
Description of the transaction:
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 55% of the issued Ordinary shares. Mr Kieron White received £36,000 during the year to 31 Mar 2017 by way of consultancy fees (2016: £36,000).
Balance at 01 April 2016 0
Balance at 31 March 2017 0

Page 11