Words Out Limited |
Notes to the Accounts |
for the year ended 31 March 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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The company was unable to develop any of its ideas as the utility company SSE went through all broadband cables in 2021. The provider Virgin Media eventually installed a single new cable since which the service has been imtermittent. Work on a new cable has yet to be completed. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Trade creditors |
300 |
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313 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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2,777 |
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777 |
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3,077 |
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1,090 |
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4 |
Other information |
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Words Out Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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9 Silver Park Close |
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Church Crookham |
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Fleet |
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Hampshire |
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GU52 6BP |