Untamed Writing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC457534 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Untamed Writing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Marston

REGISTERED OFFICE:

6 Logie Mill

Beaverbank Business Park

Edinburgh

Lothian

EH7 4HG

REGISTERED NUMBER:

SC457534 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

FIXED ASSETS

Intangible assets

4

5,738

6,640

Tangible assets

5

83

406

5,821

7,046

CURRENT ASSETS

Debtors

6

1,163

-

Cash at bank

2,145

1,983

3,308

1,983

CREDITORS

Amounts falling due within one year

7

9,015

8,860

NET CURRENT LIABILITIES

(5,707

)

(6,877

)

TOTAL ASSETS LESS CURRENT LIABILITIES

114

169

PROVISIONS FOR LIABILITIES

8

14

69

NET ASSETS

100

100

CAPITAL AND RESERVES

Called up share capital

9

100

100

SHAREHOLDERS' FUNDS

100

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 2 November 2018 and were signed by:

K Marston - Director

1.	STATUTORY INFORMATION

Untamed Writing Limited is a private company, limited by shares , registered in Scotland. 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.

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, other than investment properties, 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.

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.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past

event, it is probable that the company will be required to settle that obligation and a reliable estimate can be

made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present

obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Going concern

The accounts have been prepared on the going concern basis, the acceptability of which is dependent on the

continuing support of the directors and creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

9,025

AMORTISATION

At 1 April 2017

2,385

Amortisation for year

902

At 31 March 2018

3,287

NET BOOK VALUE

At 31 March 2018

5,738

At 31 March 2017

6,640

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

312

1,017

1,329

DEPRECIATION

At 1 April 2017

203

720

923

Charge for year

78

245

323

At 31 March 2018

281

965

1,246

NET BOOK VALUE

At 31 March 2018

31

52

83

At 31 March 2017

109

297

406

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

1,163

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

187

265

Taxation and social security

575

182

Other creditors

8,253

8,413

9,015

8,860

8.	PROVISIONS FOR LIABILITIES

31.3.18

31.3.17

£

£

Deferred tax

14

69

Deferred

tax

£

Balance at 1 April 2017

69

Provided during year

(55

)

Balance at 31 March 2018

14

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2018 the company owed K Marston, director, £4,691 (2017: £6,846).

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £2,149 (2017: £444) were paid to the director.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is K Marston.