REGISTERED NUMBER: 09483252 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2017 to 31 December 2017

for

Mrs Wordsmith Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

Ms S Fenichell

Ms B Alireza

Ms L Z Di Monterubello

Mr D N Lin

SECRETARY:

CC Secretaries Limited

REGISTERED OFFICE:

1st Floor, Buckhurst House

42/44 Buckhurst Avenue

Sevenoaks

Kent

TN13 1LZ

REGISTERED NUMBER:

09483252 (England and Wales)

ACCOUNTANTS:

Cameron Cunningham Limited

1st Floor, Buckhurst House

42/44 Buckhurst Avenue

Sevenoaks

Kent

TN13 1LZ

FIXED ASSETS

Tangible assets

4

30,654

6,821

Investments

5

-

1

30,654

6,822

CURRENT ASSETS

Stocks

164,634

-

Debtors

6

111,449

17,287

Prepayments and accrued income

30,891

10,531

Cash at bank

665,254

117,106

972,228

144,924

CREDITORS

Amounts falling due within one year

7

(251,073

)

(167,898

)

NET CURRENT ASSETS/(LIABILITIES)

721,155

(22,974

)

TOTAL ASSETS LESS CURRENT LIABILITIES

751,809

(16,152

)

CAPITAL AND RESERVES

Called up share capital

8

21

12

Share premium

9

2,542,271

542,492

Other reserves

9

-

10,000

Retained earnings

9

(1,790,483

)

(568,656

)

SHAREHOLDERS' FUNDS

751,809

(16,152

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 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 by the Board of Directors on 28 September 2018 and were signed on its behalf by:

Ms S Fenichell - Director

1.	STATUTORY INFORMATION

Mrs Wordsmith Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Fixtures & Fittings are depreciated on a 25% straight line.

Computer Equipment is depreciated on a 33% straight line.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

obsolete and slow moving items.

The stock is valued on a weighted average basis.

Taxation

Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

We believe the company's financial statements should be prepared on a going concern basis on the

grounds that the current and future sources of funding or support will be more than adequate for

the company's needs.

We believe no further disclosures relating to the company's ability to continue as a going concern

need to be made in the financial statements. In assessing going concern, we have paid particular

attention to a period of not less than one year from the date of approval of the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2017

3,827

3,391

-

7,218

Additions

-

13,219

18,386

31,605

Disposals

(3,827

)

-

-

(3,827

)

At 31 December 2017

-

16,610

18,386

34,996

DEPRECIATION

At 1 April 2017

-

397

-

397

Charge for period

-

1,622

2,323

3,945

At 31 December 2017

-

2,019

2,323

4,342

NET BOOK VALUE

At 31 December 2017

-

14,591

16,063

30,654

At 31 March 2017

3,827

2,994

-

6,821

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2017

1

Disposals

(1

)

At 31 December 2017

-

NET BOOK VALUE

At 31 December 2017

-

At 31 March 2017

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2017

£

£

Trade debtors

6,290

3,347

Other debtors

40

42

Directors' current accounts

500

-

Tax

163

-

VAT

64,136

13,898

Rental Deposit

40,320

-

111,449

17,287

In this note and all future notes the comparative period relates to the year ending 31st March 2017.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2017

£

£

Trade creditors

41,658

47,345

Tax

163

-

Social security and other taxes

44,019

170

Pension Payable

3,890

-

Accruals and deferred income

161,343

120,383

251,073

167,898

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2017

value:

£

£

125,813

ORDINARY

0.01p

13

12

80,756

Seed

0.01p

8

-

21

12

The following shares were issued during the period:

1,438 ORDINARY shares of 0.01p for cash of £ 34,987

80,756 Seed shares of 0.01p for cash of £ 1,964,801

9.

RESERVES

Retained

Share

Other

earnings

premium

reserves

Totals

£

£

£

£

At 1 April 2017

(568,656

)

542,492

10,000

(16,164

)

Deficit for the period

(1,406,002

)

(1,406,002

)

Cash share issue

-

1,999,779

(10,000

)

1,989,779

Share Option Reserve

184,175

-

-

184,175

At 31 December 2017

(1,790,483

)

2,542,271

-

751,788

Included in Other Reserves is £nil (March 2017: £10,000) which relates to a subscription for shares

received in the prior period which were allotted in the year.

The company has an equity settled option scheme.

69,859 of the options are granted over 4 years with an exercise price of £1.

The company had 4,722 options at the start of the year.

The company granted 67,225 (March 2017: 4,722)in the year.

No options where forfeited or exercised within the year.

977 options expired during the year. (March 2017:nil)

The company has 70,700 options outstanding at the end of the period.

The fair value of the share options has been valued at £24.33 in accordance with the Black-Scholes

Option Pricing model.

The value of the options vested in the period was £184,175 (March 2017: £35,741), this was charged

to the profit and loss, the total carrying amount is £219,916. (March 2017: £35,741)

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended

31 December 2017 and the year ended 31 March 2017:

2017

2017

£

£

Ms S Fenichell

Balance outstanding at start of period

-

-

Amounts advanced

500

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

500

-

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Mrs Wordsmith Limited for the period ended 31 December 2017

which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related

notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mrs Wordsmith Limited, as a body, in accordance with the terms of our engagement letter dated 16 December 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Mrs Wordsmith Limited and state those matters that we have agreed to state to the Board of Directors of Mrs Wordsmith Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mrs Wordsmith Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mrs Wordsmith Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mrs Wordsmith Limited. You consider that Mrs Wordsmith Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Mrs Wordsmith Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cameron Cunningham Limited

1st Floor, Buckhurst House

42/44 Buckhurst Avenue

Sevenoaks

Kent

TN13 1LZ

29 September 2018