REGISTERED NUMBER: 06398857 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2018

FOR

WHAT GOES ON LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

S J Walker

REGISTERED OFFICE:

Suites 12-14

3rd Floor Vantage Point

New England Road

Brighton

East Sussex

BN1 4GW

BUSINESS ADDRESS:

8 Grosvenor Square

Sale

M33 6QU

REGISTERED NUMBER:

06398857 (England and Wales)

ACCOUNTANT:

Will Taylor Limited

Suites 12-14

3rd Floor, Vantage Point

New England Road

Brighton

East Sussex

BN1 4GW

FIXED ASSETS

Tangible assets

3

2,120

2,740

CURRENT ASSETS

Debtors

4

27,995

11,939

Cash at bank and in hand

23,303

14,908

51,298

26,847

CREDITORS

Amounts falling due within one year

5

8,105

6,059

NET CURRENT ASSETS

43,193

20,788

TOTAL ASSETS LESS CURRENT LIABILITIES

45,313

23,528

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

45,309

23,524

SHAREHOLDERS' FUNDS

45,313

23,528

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director on 7 January 2019 and were signed by:

S J Walker - Director

1.	STATUTORY INFORMATION

What Goes On Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of goods, excluding value added tax.

TANGIBLE FIXED ASSETS

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

Fixtures and fittings

-

25% reducing balance

Computer equipment

-

25% reducing balance

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment

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.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2017

434

5,202

5,636

Additions

87

-

87

At 31 October 2018

521

5,202

5,723

DEPRECIATION

At 1 November 2017

160

2,736

2,896

Charge for year

90

617

707

At 31 October 2018

250

3,353

3,603

NET BOOK VALUE

At 31 October 2018

271

1,849

2,120

At 31 October 2017

274

2,466

2,740

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade debtors

21,995

11,939

Other debtors

6,000

-

27,995

11,939

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Corporation tax

6,942

4,566

Directors' loan accounts

262

592

Accruals and deferred income

901

901

8,105

6,059

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2018 and

31 October 2017:

31.10.18

31.10.17

£

£

S J Walker

Balance outstanding at start of year

(592

)

(392

)

Amounts advanced

4,930

3,636

Amounts repaid

(4,500

)

(3,836

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(162

)

(592

)

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £6,533 (2017-£12,500) were paid to the directors.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S J Walker.