The Wonderful Waist Line Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07794416 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

The Wonderful Waist Line Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Miss J Banderis

REGISTERED OFFICE:

The Old Printworks

65 Church Street

Littleborough

Lancashire

OL15 8AB

REGISTERED NUMBER:

07794416 (England and Wales)

ACCOUNTANTS:

Versatile Accountancy Services Ltd

The Old Printworks

65 Church Street

Littleborough

Lancashire

OL15 8AB

FIXED ASSETS

Intangible assets

3

2,621

2,621

Property, plant and equipment

4

417

490

3,038

3,111

CURRENT ASSETS

Debtors

5

99

196

Cash at bank and in hand

120

217

219

413

CREDITORS

Amounts falling due within one year

6

30,376

29,965

NET CURRENT LIABILITIES

(30,157

)

(29,552

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(27,119

)

(26,441

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(27,129

)

(26,451

)

SHAREHOLDERS' FUNDS

(27,119

)

(26,441

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 27 April 2018 and were signed by:

Miss J Banderis - Director

1.	STATUTORY INFORMATION

The Wonderful Waist Line Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

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

reversed at the statement of financial position 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.

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 November 2016

and 31 October 2017

2,621

NET BOOK VALUE

At 31 October 2017

2,621

At 31 October 2016

2,621

4.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 November 2016

and 31 October 2017

1,649

DEPRECIATION

At 1 November 2016

1,159

Charge for year

73

At 31 October 2017

1,232

NET BOOK VALUE

At 31 October 2017

417

At 31 October 2016

490

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

VAT

99

196

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

578

588

Other creditors

29,308

1,197

Directors' loan accounts

-

27,690

Accrued expenses

490

490

30,376

29,965