REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2019 |
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WITTY & WYATT LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2019 |
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FOR |
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WITTY & WYATT LIMITED |
WITTY & WYATT LIMITED (REGISTERED NUMBER: 00030399) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31st December 2019 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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WITTY & WYATT LIMITED |
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COMPANY INFORMATION |
for the year ended 31st December 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Priestley House |
Priestley Gardens |
Chadwell Heath |
Essex |
RM6 4SN |
WITTY & WYATT LIMITED (REGISTERED NUMBER: 00030399) |
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ABRIDGED BALANCE SHEET |
31st December 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
were signed on its behalf by: |
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WITTY & WYATT LIMITED (REGISTERED NUMBER: 00030399) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31st December 2019 |
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1. | STATUTORY INFORMATION |
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Witty & Wyatt Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents rental income receivable and invoiced services, excluding value added tax. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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The directors have decided to discontinue the policy of depreciation in respect of the freehold property. Since the |
property has a long estimated useful economic life, and is maintained regularly, the directors consider the |
depreciation charge and the related accumulated depreciation to be immaterial. This policy is not in accordance |
with FRS 102 Section 1A for Smaller Entities, however, it is considered necessary in order to show a true and |
fair view. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from |
those of the company in an independently administered fund. Contributions payable for the year charged to the |
profit and loss account. |
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Rental income |
The company receives rental income under an operating lease. The income is recognised on a straight line basis |
over the term of the lease. The gross amount of assets held for use in operating leases, together with the related |
accumulated depreciation is shown in the notes to tangible fixed assets. |
WITTY & WYATT LIMITED (REGISTERED NUMBER: 00030399) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31st December 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Investments |
The company's investments are stated at cost and their market values at the year end are disclosed in the notes. |
Adjustments relating to the sale or permanent reduction in the carrying values are recognised in the Profit and |
Loss Account in the year they are incurred. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st January 2019 |
and 31st December 2019 |
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DEPRECIATION |
At 1st January 2019 |
and 31st December 2019 |
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NET BOOK VALUE |
At 31st December 2019 |
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At 31st December 2018 |
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5. | ULTIMATE CONTROLLING PARTY |
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The directors control the company by virtue of their holding of 100 percent of the issued share capital. |