Caseware UK (AP4) 2016.0.181 2016.0.181 2018-03-312018-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetruefalse2017-04-01 4007676 2017-04-01 2018-03-31 4007676 2016-04-01 2017-03-31 4007676 2018-03-31 4007676 2017-03-31 4007676 c:Director2 2017-04-01 2018-03-31 4007676 d:CurrentFinancialInstruments 2018-03-31 4007676 d:CurrentFinancialInstruments 2017-03-31 4007676 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 4007676 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 4007676 d:UKTax 2017-04-01 2018-03-31 4007676 d:UKTax 2016-04-01 2017-03-31 4007676 d:ShareCapital 2018-03-31 4007676 d:ShareCapital 2017-03-31 4007676 d:RetainedEarningsAccumulatedLosses 2018-03-31 4007676 d:RetainedEarningsAccumulatedLosses 2017-03-31 4007676 c:OrdinaryShareClass1 2017-04-01 2018-03-31 4007676 c:OrdinaryShareClass1 2018-03-31 4007676 c:FRS102 2017-04-01 2018-03-31 4007676 c:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 4007676 c:FullAccounts 2017-04-01 2018-03-31 4007676 c:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 4007676









WID VALLEY LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2018

 
WID VALLEY LIMITED
REGISTERED NUMBER: 4007676

BALANCE SHEET
AS AT 31 MARCH 2018

2018
2017
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
55,130
41,059

Cash at bank
  
11,729
11,355

  
66,859
52,414

Creditors: amounts falling due within one year
 6 
(46,038)
(34,642)

Net current assets
  
 
 
20,821
 
 
17,772

  

Net assets
  
20,821
17,772


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
20,721
17,672

  
20,821
17,772


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



S J Norris
Director

Date: 12 November 2018


The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
WID VALLEY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1.


General information

WID Valley Limited is a private company limited by shares incorporated in England and Wales. The registered office is 24 Old Bond Street, London, W1S 4AP.

The financial statements are presented in sterling which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

 
WID VALLEY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.6

Creditors

Short term creditors are measured at the transaction price. 

 
2.7

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2017 - 2).


4.


Taxation


2018
2017
£
£

Corporation tax


Current tax on profits for the year
715
1,142


Total current tax
715
1,142





Page 3

 
WID VALLEY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

5.


Debtors

2018
2017
£
£


Trade debtors
20,680
41,059

Other debtors
20,000
-

Prepayments
14,450
-

55,130
41,059



6.


Creditors: Amounts falling due within one year

2018
2017
£
£

Trade creditors
42,327
28,645

Corporation tax
715
1,142

Other creditors
2,996
4,855

46,038
34,642



7.


Share capital

2018
2017
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100


8.


Related party transactions

During the year the company made purchases of £99,338 (2017 - £143,168) from businesses in which the directors have an interest.
The amount owed to these businesses at the year end was £17,268 (2017 - £28,880).
During the year the company made a loan of £20,000 (2017:£nil) to a business in which the directors have an interest.


Page 4