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Company Registration No. 10616584 (England and Wales)
Notwics Limited Unaudited accounts for the period from 13 February 2017 to 31 March 2018
Notwics Limited Unaudited accounts Contents
Page
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Notwics Limited Company Information for the period from 13 February 2017 to 31 March 2018
Director
C J Lowe
Company Number
10616584 (England and Wales)
Registered Office
66 Temple Sheen Road London SW14 7QG United Kingdom
Accountants
Yannons Chartered Accountants The Gallery New Quay Street Teignmouth Devon TQ14 8DA
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Notwics Limited Statement of financial position as at 31 March 2018
2018 
Notes
£ 
Fixed assets
Tangible assets
1,272 
Current assets
Debtors
12,548 
Cash at bank and in hand
19,591 
32,139 
Creditors: amounts falling due within one year
(32,824)
Net current liabilities
(685)
Total assets less current liabilities
587 
Provisions for liabilities
Deferred tax
(242)
Net assets
345 
Capital and reserves
Called up share capital
1 
Profit and loss account
344 
Shareholders' funds
345 
For the period ending 31 March 2018 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 13 November 2018.
C J Lowe Director Company Registration No. 10616584
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Notwics Limited Notes to the Accounts for the period from 13 February 2017 to 31 March 2018
1
Statutory information
Notwics Limited is a private company, limited by shares, registered in England and Wales, registration number 10616584. The registered office is 66 Temple Sheen Road, London, SW14 7QG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the gross invoice value of services delivered in the accounting period less the related VAT payable.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 13 February 2017
- 
Additions
2,023 
At 31 March 2018
2,023 
Depreciation
Charge for the period
751 
At 31 March 2018
751 
Net book value
At 31 March 2018
1,272 
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Notwics Limited Notes to the Accounts for the period from 13 February 2017 to 31 March 2018
5
Debtors
2018 
£ 
Trade debtors
12,548 
6
Creditors: amounts falling due within one year
2018 
£ 
Taxes and social security
30,304 
Loans from directors
294 
Accruals
2,226 
32,824 
7
Deferred taxation
2018 
£ 
Accelerated capital allowances
242 
2018 
£ 
Charged to the profit and loss account
242 
Provision at end of period
242 
8
Share capital
2018 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
Shares issued during the period:
100 Ordinary shares of £0.01 each
1 
9
Average number of employees
During the period the average number of employees was 1.
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