Rewrite Your Story Limited 10800173 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of providing therapy services on a charitable basis. Digita Accounts Production Advanced 6.30.9574.0 true true 10800173 2022-07-01 2023-06-30 10800173 2023-06-30 10800173 core:RetainedEarningsAccumulatedLosses 2023-06-30 10800173 core:CurrentFinancialInstruments 2023-06-30 10800173 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 10800173 core:FurnitureFittingsToolsEquipment 2023-06-30 10800173 bus:SmallEntities 2022-07-01 2023-06-30 10800173 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 10800173 bus:FullAccounts 2022-07-01 2023-06-30 10800173 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 10800173 bus:RegisteredOffice 2022-07-01 2023-06-30 10800173 bus:Director1 2022-07-01 2023-06-30 10800173 bus:CompanyLimitedByGuarantee 2022-07-01 2023-06-30 10800173 core:ComputerEquipment 2022-07-01 2023-06-30 10800173 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 10800173 countries:EnglandWales 2022-07-01 2023-06-30 10800173 2022-06-30 10800173 core:FurnitureFittingsToolsEquipment 2022-06-30 10800173 2021-07-01 2022-06-30 10800173 2022-06-30 10800173 core:RetainedEarningsAccumulatedLosses 2022-06-30 10800173 core:CurrentFinancialInstruments 2022-06-30 10800173 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 10800173 core:FurnitureFittingsToolsEquipment 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 10800173

Rewrite Your Story Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Rewrite Your Story Limited

(Registration number: 10800173)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

575

766

Current assets

 

Debtors

5

1,709

2,484

Cash at bank and in hand

 

10,224

19,531

 

11,933

22,015

Creditors: Amounts falling due within one year

6

(7,763)

(8,587)

Net current assets

 

4,170

13,428

Total assets less current liabilities

 

4,745

14,194

Provisions for liabilities

(109)

-

Net assets

 

4,636

14,194

Reserves

 

Retained earnings

4,636

14,194

Surplus

 

4,636

14,194

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 March 2024 and signed on its behalf by:
 

.........................................
Mr AR Heyes
Director

 

Rewrite Your Story Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
The Corner House
2 High Street
Aylesford
Kent
ME20 7BG
England

These financial statements were authorised for issue by the Board on 8 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Rewrite Your Story Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Judgements

The company may be required to make estimates and assumptions concerning the future. These estimates and judgements are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The resulting accounting estimates will, by definition, seldom equal the related actual results. The principal areas where judgement was exercised are as follows:

i) Recoverability of trade debtors: the directors annually assess whether a bad debt provision is required for any bad or doubtful debtor balances.

ii) Tangible fixed assets: the directors annually assess both the residual value of these assets and the expected useful life of such assets based on experience.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% on reducing balance

 

Rewrite Your Story Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Rewrite Your Story Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2022

1,265

1,265

At 30 June 2023

1,265

1,265

Depreciation

At 1 July 2022

499

499

Charge for the year

191

191

At 30 June 2023

690

690

Carrying amount

At 30 June 2023

575

575

At 30 June 2022

766

766

5

Debtors

2023
£

2022
£

Trade debtors

104

386

Other debtors

1,605

2,098

1,709

2,484

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

5,524

6,301

Trade creditors

 

919

960

Accruals and deferred income

 

1,320

1,326

 

7,763

8,587

 

Rewrite Your Story Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

5,524

6,301