REGISTERED NUMBER: 06672629 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

W & W GRAPHICS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G J Hoar

Mrs J C Hoar

REGISTERED OFFICE:

75 Bournemouth Road

Chandlers Ford

Eastleigh

Hampshire

SO53 3AP

REGISTERED NUMBER:

06672629 (England and Wales)

ACCOUNTANTS:

Stone Osmond Limited

75 Bournemouth Road

Chandlers Ford

Eastleigh

Hampshire

SO53 3AP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

616

1,131

616

1,131

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

6

115,027

115,442

Cash at bank

10,489

5,011

128,516

123,453

CREDITORS

Amounts falling due within one year

7

129,322

99,353

NET CURRENT (LIABILITIES)/ASSETS

(806

)

24,100

TOTAL ASSETS LESS CURRENT LIABILITIES

(190

)

25,231

PROVISIONS FOR LIABILITIES

117

173

NET (LIABILITIES)/ASSETS

(307

)

25,058

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(407

)

24,958

SHAREHOLDERS' FUNDS

(307

)

25,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on 23 January 2019 and were signed on its behalf by:

G J Hoar - Director

1.	STATUTORY INFORMATION

W & W Graphics Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, was amortised over its

useful life of two years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2017

and 30 April 2018

1,000

AMORTISATION

At 1 May 2017

and 30 April 2018

1,000

NET BOOK VALUE

At 30 April 2018

-

At 30 April 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2017

21,015

Additions

258

At 30 April 2018

21,273

DEPRECIATION

At 1 May 2017

19,884

Charge for year

773

At 30 April 2018

20,657

NET BOOK VALUE

At 30 April 2018

616

At 30 April 2017

1,131

6.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Trade debtors

59,664

89,621

Other debtors

42,998

25,821

102,662

115,442

2018

2017

£

£

Amounts falling due after more than one year:

Other debtors

12,365

-

Aggregate amounts

115,027

115,442

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

15,211

-

Trade creditors

66,573

32,483

Taxation and social security

30,162

35,712

Other creditors

17,376

31,158

129,322

99,353

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2018 and

30 April 2017:

2018

2017

£

£

G J Hoar

Balance outstanding at start of year

-

-

Amounts advanced

38,046

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

38,046

-

No interest is charged on the overdrawn balance on the director's current account and the balance is repayable on

demand.

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.