W.T.F Maintenance Ltd
|
Notes to the Accounts |
for the year ended 31 March 2018
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts.
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
|
|
|
Fixtures, fittings, tools and equipment |
25% depreciating balance basis |
|
|
Taxation |
|
No provision is made for deferred tax as the amount involved is not significant.
|
|
|
2 |
Employees |
2018 |
|
2017 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2017 |
3,852 |
|
At 31 March 2018 |
3,852 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2017 |
2,310 |
|
Provided during the year |
770 |
|
At 31 March 2018 |
3,080 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2018 |
772 |
|
At 31 March 2017 |
1,542 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 April 2017 |
480 |
|
Additions |
1,199 |
|
At 31 March 2018 |
1,679 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2017 |
263 |
|
Charge for the year |
354 |
|
At 31 March 2018 |
617 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2018 |
1,062 |
|
At 31 March 2017 |
217 |
|
|
5 |
Debtors |
2018 |
|
2017 |
£ |
£ |
|
|
Trade debtors |
5,722 |
|
(350) |
|
Other debtors |
282 |
|
285 |
|
|
|
|
|
|
6,004 |
|
(65) |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
£ |
£ |
|
|
Trade creditors |
- |
|
200 |
|
Corporation tax |
664 |
|
549 |
|
Director's current account |
9,323 |
|
8,753 |
|
Other creditors |
3,032 |
|
436 |
|
|
|
|
|
|
13,019 |
|
9,938 |
|
|
|
|
|
|
|
|
|
|
7 |
Other information |
|
|
W.T.F Maintenance Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
14 Braithwaite Gardens |
|
Stanmore |
|
Middlesex |
|
HA7 2QH |