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Unaudited Financial Statements |
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for the Period 1 January 2016 to 31 March 2017 |
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Wimbledon Publishing Company Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 January 2016 to 31 March 2017 |
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for |
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Wimbledon Publishing Company Limited |
Wimbledon Publishing Company Limited (Registered number: 02889958) |
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Contents of the Financial Statements |
for the Period 1 January 2016 to 31 March 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Wimbledon Publishing Company Limited |
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Company Information |
for the Period 1 January 2016 to 31 March 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
364-368 Cranbrook Road |
Gants Hill |
Ilford |
Essex |
IG2 6HY |
Wimbledon Publishing Company Limited (Registered number: 02889958) |
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Balance Sheet |
31 March 2017 |
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31.3.17 | 31.12.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Stocks | 6 |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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( |
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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. |
Wimbledon Publishing Company Limited (Registered number: 02889958) |
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Balance Sheet - continued |
31 March 2017 |
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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 on
behalf by: |
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Wimbledon Publishing Company Limited (Registered number: 02889958) |
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Notes to the Financial Statements |
for the Period 1 January 2016 to 31 March 2017 |
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1. | STATUTORY INFORMATION |
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Wimbledon Publishing Company Limited is a
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specified/Other. The 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 is measured as 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. |
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Tangible fixed assets |
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated |
impairment losses. Historical cost includes expenditure that is directly attributable to bringing the |
asset to the location and condition necessary for it to be capable of operating in the manner intended |
by management. |
Depreciation is charged so as to allocate the costs of assets less their residual value over their |
estimated useful lives, using either a straight line or reducing balance method, as indicated below. |
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Depreciation is provided on the following basis: |
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Plant and Machinery - 25% Written Down Value |
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Computer Equipment - 25% Written Down Value |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost |
is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods |
include labour and attributable overheads. |
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying |
amount is reduced to its selling price less costs to complete and sell. The impairment loss is |
recognised immediately in profit and loss |
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Wimbledon Publishing Company Limited (Registered number: 02889958) |
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Notes to the Financial Statements - continued |
for the Period 1 January 2016 to 31 March 2017 |
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2. | ACCOUNTING POLICIES - continued |
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. |
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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 period 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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2016 |
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Additions |
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At 31 March 2017 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for period |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 December 2015 |
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Wimbledon Publishing Company Limited (Registered number: 02889958) |
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Notes to the Financial Statements - continued |
for the Period 1 January 2016 to 31 March 2017 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2016 |
and 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 December 2015 |
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6. | STOCKS |
31.3.17 | 31.12.15 |
£ | £ |
Stocks |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.12.15 |
£ | £ |
Trade debtors |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.12.15 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.3.17 | 31.12.15 |
£ | £ |
Other creditors |
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