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2020-01-31
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No description of principal activities is disclosed
2018-09-21
Sage Accounts Production 20.0 - FRS102_2019
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Company registration number:
08854765
The Way Ahead Dyslexia Support Ltd
Unaudited filleted financial statements
31 January 2020
The Way Ahead Dyslexia Support Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
The Way Ahead Dyslexia Support Ltd
Directors and other information
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Directors
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Mrs T D Hunt
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Mr A Hunt
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Company number
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08854765
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Registered office
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5 Underwood Street
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London
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N1 7LY
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The Way Ahead Dyslexia Support Ltd
Statement of financial position
31 January 2020
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2020
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2019
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Note
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£
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£
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£
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£
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Current assets
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Debtors
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4
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519
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100
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Cash at bank and in hand
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5,006
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-
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_______
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_______
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5,525
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100
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Creditors: amounts falling due
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within one year
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5
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(
6,615)
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-
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_______
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_______
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Net current (liabilities)/assets
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(
1,090)
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100
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_______
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_______
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Total assets less current liabilities
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(
1,090)
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100
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_______
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_______
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Net (liabilities)/assets
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(
1,090)
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100
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_______
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_______
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Capital and reserves
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Called up share capital
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100
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100
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Profit and loss account
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(
1,190)
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-
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_______
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_______
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Shareholders (deficit)/funds
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(
1,090)
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100
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_______
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_______
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For the year ending 31 January 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
28 December 2020
, and are signed on behalf of the board by:
Mrs T D Hunt
Director
Company registration number:
08854765
The Way Ahead Dyslexia Support Ltd
Notes to the financial statements
Year ended 31 January 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Underwood Street, London, N1 7LY.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the balance sheet date, the reporting entity had net liabilities in the sum of £1,090. The company is reliant on the support of the directors. On the basis that the directors will continue to support the reporting entity for the foreseeable future, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support of the directors.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Debtors
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2020
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2019
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£
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£
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Trade debtors
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419
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-
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Other debtors
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100
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100
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_______
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_______
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519
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100
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_______
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_______
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5.
Creditors: amounts falling due within one year
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2020
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2019
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£
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£
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Trade creditors
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252
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-
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Amounts owed to group undertakings and undertakings in which the company has a participating interest
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5,000
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-
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Other creditors
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1,363
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-
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_______
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_______
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6,615
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-
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_______
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_______
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6.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company:
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2020
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Balance brought forward
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Advances /(credits) to the directors
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Balance o/standing
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£
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£
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£
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Mrs T D Hunt
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-
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(
95)
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(
95)
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_______
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_______
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_______
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2019
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Balance brought forward
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Advances /(credits) to the directors
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Balance o/standing
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£
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£
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£
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Mrs T D Hunt
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-
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-
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-
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_______
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_______
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_______
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7.
Controlling party
The reporting entity is wholly owned by Andrew Hunt Economics Limited, a company registered in Guernsey, whose address is at 1st Floor, Tudor House, Le Bordage, St Peter Port, Guernsey GY1 1DB. The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts. The ultimate controlling party is
Mr A Hunt
.