Registration number:
Woodydog Limited
for the Year Ended 31 December 2016
Woodydog Limited
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
Woodydog Limited
Company Information
Directors |
Mrs S C Metcalfe Mr T R Metcalfe |
Registered office |
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Accountants |
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Page 1 |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Woodydog Limited
for the Year Ended 31 December 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Woodydog Limited for the year ended 31 December 2016 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Woodydog Limited, as a body, in accordance with the terms of our engagement letter dated 3 March 2015. Our work has been undertaken solely to prepare for your approval the accounts of Woodydog Limited and state those matters that we have agreed to state to the Board of Directors of Woodydog Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woodydog Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Woodydog Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Woodydog Limited. You consider that Woodydog Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Woodydog Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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13-19 Queen Street
Leeds
West Yorkshire
LS1 2TW
Page 2 |
Woodydog Limited
(Registration number: 09387160)
Balance Sheet as at 31 December 2016
Note |
2016 |
Restated |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
For the financial year ending 31 December 2016 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Page 3 |
Woodydog Limited
(Registration number: 09387160)
Balance Sheet as at 31 December 2016
Approved and authorised by the
.........................................
Mr T R Metcalfe
Director
Page 4 |
Woodydog Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
General information |
The company is a private company limited by share capital incorporated in England & Wales.
The address of its registered office is:
The principal place of business is:
Apartment Top 3
Skiliftstrasse 365
5753
Saalbach
Austria
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The accounts are presented in Euros and are rounded to the nearest €1. As a result the prior year has been restated from Sterling to Euros.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Land and buildings |
1.5% straight line |
Plant and equipment |
10% straight line |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Page 5 |
Woodydog Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
Asset class |
Amortisation method and rate |
Website development |
10% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Page 6 |
Woodydog Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
Intangible assets |
Software costs |
Total |
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Cost or valuation |
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At 1 January 2016 |
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At 31 December 2016 |
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Amortisation |
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At 1 January 2016 |
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Amortisation charge |
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At 31 December 2016 |
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Carrying amount |
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At 31 December 2016 |
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At 31 December 2015 |
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Tangible assets |
Land and buildings |
Other property, plant and equipment |
Total |
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Cost or valuation |
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At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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Depreciation |
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At 1 January 2016 |
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Charge for the period |
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At 31 December 2016 |
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Carrying amount |
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At 31 December 2016 |
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At 31 December 2015 |
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Included within the net book value of land and buildings above is €901,808 (2015 - €898,127) in respect of freehold land and buildings.
Page 7 |
Woodydog Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
Debtors |
2016 |
Restated |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
Note |
2016 |
Restated |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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- |
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Corporation tax |
2,179 |
- |
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Related party transactions |
Summary of transactions with parent
Parent and ultimate parent undertaking |
The ultimate controlling party is
Transition to FRS 102 |
Page 8 |
Woodydog Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
Balance Sheet at 31 December 2015
Note |
As originally reported |
Reclassification |
Remeasurement |
As restated |
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Fixed assets |
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Intangible assets |
- |
6,501 |
- |
6,501 |
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Tangible assets |
1,011,325 |
(6,501) |
- |
1,004,824 |
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1,011,325 |
- |
- |
1,011,325 |
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Current assets |
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Debtors |
197,693 |
- |
- |
197,693 |
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Cash at bank and in hand |
19,816 |
- |
- |
19,816 |
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217,509 |
- |
- |
217,509 |
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Creditors: Amounts falling due within one year |
(1,266,826) |
- |
- |
(1,266,826) |
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Net current liabilities |
(1,049,317) |
- |
- |
(1,049,317) |
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Net liabilities |
(37,992) |
- |
- |
(37,992) |
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Capital and reserves |
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Called up share capital |
128 |
- |
- |
128 |
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Profit and loss account |
(38,120) |
- |
- |
(38,120) |
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Total equity |
(37,992) |
- |
- |
(37,992) |
Page 9 |