THE WRITING SQUAD

Company limited by guarantee

Company Registration Number:
09654780 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

THE WRITING SQUAD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

THE WRITING SQUAD

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The company's principal activity during the year continued to be providing a development programme for writers aged 16-21 living, working or studying in the North of England.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Sarah Gonnet
Gregory Kearns
Sophie O'Neill
Hannah Webster
Ruth Awolola


The director shown below has held office during the period of
1 April 2023 to 26 February 2024

Andrew Hill


The directors shown below have held office during the period of
14 February 2024 to 31 March 2024

Chloe Elliott
James Varney


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 September 2024

And signed on behalf of the board by:
Name: Sophie O'Neill
Status: Director

THE WRITING SQUAD

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 133,117 143,779
Cost of sales: ( 18,714 ) ( 37,718 )
Gross profit(or loss): 114,403 106,061
Administrative expenses: ( 114,403 ) ( 106,327 )
Operating profit(or loss): 0 (266)
Interest receivable and similar income: 1,342 266
Profit(or loss) before tax: 1,342 0
Tax: ( 255 )
Profit(or loss) for the financial year: 1,087 0

THE WRITING SQUAD

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 94,012 61,649
Total current assets: 94,012 61,649
Creditors: amounts falling due within one year: 3 ( 92,925 ) ( 61,649 )
Net current assets (liabilities): 1,087 0
Total assets less current liabilities: 1,087 0
Total net assets (liabilities): 1,087 0
Members' funds
Profit and loss account: 1,087 0
Total members' funds: 1,087 0

The notes form part of these financial statements

THE WRITING SQUAD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 31 October 2024
and signed on behalf of the board by:

Name: Sophie O'Neill
Status: Director

The notes form part of these financial statements

THE WRITING SQUAD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixtures, fittings, tools and equipment - over 5 years

    Valuation information and policy

    Debtors - Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors - 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.

    Other accounting policies

    Taxation - A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

THE WRITING SQUAD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

THE WRITING SQUAD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 950 950
Taxation and social security 255
Accruals and deferred income 91,720 60,699
Total 92,925 61,649