IRIS Accounts Production v17.3.0.1062 00512784 director 1.4.16 31.3.17 31.3.17 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure005127842016-03-31005127842017-03-31005127842016-04-012017-03-31005127842015-03-31005127842015-04-012016-03-31005127842016-03-3100512784ns15:EnglandWales2016-04-012017-03-3100512784ns14:PoundSterling2016-04-012017-03-3100512784ns10:Director12016-04-012017-03-3100512784ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3100512784ns10:SmallEntities2016-04-012017-03-3100512784ns10:AuditExempt-NoAccountantsReport2016-04-012017-03-3100512784ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3100512784ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3100512784ns10:FullAccounts2016-04-012017-03-3100512784ns10:OrdinaryShareClass12016-04-012017-03-3100512784ns10:CompanySecretary12016-04-012017-03-3100512784ns10:RegisteredOffice2016-04-012017-03-3100512784ns5:CurrentFinancialInstruments2017-03-3100512784ns5:CurrentFinancialInstruments2016-03-3100512784ns5:Non-currentFinancialInstruments2017-03-3100512784ns5:Non-currentFinancialInstruments2016-03-3100512784ns5:ShareCapital2017-03-3100512784ns5:ShareCapital2016-03-3100512784ns5:RetainedEarningsAccumulatedLosses2017-03-3100512784ns5:RetainedEarningsAccumulatedLosses2016-03-3100512784ns5:LongLeaseholdAssetsns5:LandBuildings2016-04-012017-03-3100512784ns5:FurnitureFittings2016-04-012017-03-3100512784ns5:MotorVehicles2016-04-012017-03-3100512784ns5:ComputerEquipment2016-04-012017-03-3100512784ns5:LongLeaseholdAssetsns5:LandBuildings2016-03-3100512784ns5:FurnitureFittings2016-03-3100512784ns5:MotorVehicles2016-03-3100512784ns5:ComputerEquipment2016-03-3100512784ns5:LongLeaseholdAssetsns5:LandBuildings2017-03-3100512784ns5:FurnitureFittings2017-03-3100512784ns5:MotorVehicles2017-03-3100512784ns5:ComputerEquipment2017-03-3100512784ns5:LongLeaseholdAssetsns5:LandBuildings2016-03-3100512784ns5:FurnitureFittings2016-03-3100512784ns5:MotorVehicles2016-03-3100512784ns5:ComputerEquipment2016-03-3100512784ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3100512784ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-03-3100512784ns5:DeferredTaxation2016-04-012017-03-3100512784ns5:DeferredTaxation2017-03-3100512784ns10:OrdinaryShareClass12017-03-3100512784ns5:RetainedEarningsAccumulatedLosses2016-03-3100512784ns5:RetainedEarningsAccumulatedLosses2016-04-012017-03-31


REGISTERED NUMBER: 00512784 (England and Wales)












WYATT INTERNATIONAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017





WYATT INTERNATIONAL LIMITED (REGISTERED NUMBER: 00512784)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

WYATT INTERNATIONAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2017







DIRECTOR: Mrs K A Bernie





SECRETARY: Mr B Barrett





REGISTERED OFFICE: Wyatt House
72 Francis Road
Edgbaston
Birmingham
West Midlands
B16 8SP





REGISTERED NUMBER: 00512784 (England and Wales)





ACCOUNTANTS: Wallace Crooke Walsall Limited
Chartered Accountants
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT
WYATT INTERNATIONAL LIMITED (REGISTERED NUMBER: 00512784)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,466 82,490

CURRENT ASSETS
Stocks 671 2,225
Debtors 5 569,303 579,987
Cash at bank and in hand 886,927 710,501
1,456,901 1,292,713
CREDITORS
Amounts falling due within one year 6 670,896 929,805
NET CURRENT ASSETS 786,005 362,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

853,471

445,398

CREDITORS
Amounts falling due after more than one
year

7

(11,242

)

(26,807

)

PROVISIONS FOR LIABILITIES 8 (5,000 ) -
NET ASSETS 837,229 418,591

CAPITAL AND RESERVES
Called up share capital 9 50,000 50,000
Retained earnings 10 787,229 368,591
SHAREHOLDERS' FUNDS 837,229 418,591

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 1 November 2017 and were signed by:





Mrs K A Bernie - Director

WYATT INTERNATIONAL LIMITED (REGISTERED NUMBER: 00512784)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2017

1. STATUTORY INFORMATION

Wyatt International 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.

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.

These are the Company's first financial statements prepared in accordance with Financial Reporting Standard
102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

The accounting policies set out below have been applied in preparing the financial statements for the year
ended 31 March 2017, the comparative information presented in these financial statements for the year ended
31 March 2016 and in the preparation of an opening balance at 1 April 2015 (the Company's date of transition).

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of
Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work
done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and
contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 20% on straight line
Fixtures and fittings - 10% on straight line
Motor vehicles - 25% on reducing balance
Computer & equipment - 33% on straight line

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their
fair value. The capital element of the future payments is treated as a liability and the interest is charged to the
profit and loss account on a straight line basis.
WYATT INTERNATIONAL LIMITED (REGISTERED NUMBER: 00512784)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2017

2. ACCOUNTING POLICIES - continued

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.

Directors pension payments
The pension costs charged in the financial statements represent the contributions payable by the company
during the year to the Wyatt Advertising Directors Pension Scheme of which the directors are trustees and
members of the scheme.

It is independently administered by Rowanmoor Trustees Limited. The scheme operates on the money purchase
principle which ensures that the liabilities to its members cannot exceed its net assets.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2016 - 34 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles & equipment Totals
£    £    £    £    £   
COST
At 1 April 2016 58,198 78,101 66,186 91,718 294,203
Additions 975 2,477 - 7,467 10,919
Disposals - (19,126 ) - - (19,126 )
At 31 March 2017 59,173 61,452 66,186 99,185 285,996
DEPRECIATION
At 1 April 2016 53,187 43,270 35,553 79,703 211,713
Charge for year 2,726 4,268 7,656 10,813 25,463
Eliminated on disposal - (18,646 ) - - (18,646 )
At 31 March 2017 55,913 28,892 43,209 90,516 218,530
NET BOOK VALUE
At 31 March 2017 3,260 32,560 22,977 8,669 67,466
At 31 March 2016 5,011 34,831 30,633 12,015 82,490

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 526,377 532,351
Other debtors - 6,950
Directors' current accounts 62 330
Prepayments 42,864 40,356
569,303 579,987
WYATT INTERNATIONAL LIMITED (REGISTERED NUMBER: 00512784)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Hire purchase contracts 15,565 18,658
Trade creditors 256,095 458,474
Amounts owed to associates 6,250 135,687
Tax 111,351 95,845
Social security and other taxes 29,548 31,489
VAT 93,456 76,777
Other creditors 32,470 -
Wages control 689 -
Accruals and deferred income 125,472 112,875
670,896 929,805

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Hire purchase contracts 11,242 26,807

8. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax 5,000 -

Deferred
tax
£   
Provided during year 5,000
Balance at 31 March 2017 5,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
50,000 Ordinary £1 50,000 50,000

10. RESERVES
Retained
earnings
£   

At 1 April 2016 368,591
Profit for the year 424,888
Dividends (6,250 )
At 31 March 2017 787,229

11. RELATED PARTY DISCLOSURES

Mrs K A Bernie
Director.


2017 2016
£    £   
Amount due from related party at the balance sheet date 62 330

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.