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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2018 |
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THE WAY AHEAD PEOPLE LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2018 |
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FOR |
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THE WAY AHEAD PEOPLE LIMITED |
THE WAY AHEAD PEOPLE LIMITED (REGISTERED NUMBER: SC476202) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2018 |
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Company Information | 1 |
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Report of the Accountants | 2 |
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Balance Sheet | 3 |
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Notes to the Financial Statements | 5 |
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THE WAY AHEAD PEOPLE LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH APRIL 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Victoria House |
87 High Street |
Tillicoultry |
Clackmannanshire |
FK13 6AA |
THE WAY AHEAD PEOPLE LIMITED |
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REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF |
THE WAY AHEAD PEOPLE LIMITED |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to |
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements |
and the Director's Report are not required to be filed with the Registrar of Companies. |
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In accordance with our terms of engagement, and in order to assist you to fulfil your duties under the Companies Act |
2006, we have prepared the financial statements of the company on pages 4 to 10 from the accounting records and |
information and explanations supplied to us. |
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This report is made to the Company's Director, in accordance with the terms of our engagement. Our work has been |
undertaken to enable us to prepare the financial statements on behalf of the Company's Director and for no other |
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the |
Company and the Company's Director, for our work or for this report. |
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We have carried out this engagement in accordance with best practice guidance issued by the Institute of Chartered |
Accountants of Scotland and have complied with the ethical guidance laid down by the Institute relating to members |
undertaking the preparation of financial statements. |
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You have acknowledged on the balance sheet as at 30 April 2018 your duty to ensure that the company has kept |
adequate accounting records and to prepare financial statements that give a true and fair view under the Companies |
Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the period. |
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We have not been instructed to carry out an audit of the financial statements. 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 financial statements. |
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Chartered Accountants |
Victoria House |
87 High Street |
Tillicoultry |
Clackmannanshire |
FK13 6AA |
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THE WAY AHEAD PEOPLE LIMITED (REGISTERED NUMBER: SC476202) |
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BALANCE SHEET |
30TH APRIL 2018 |
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2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks | 6 |
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Debtors | 7 |
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Cash at bank |
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CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR |
8 |
( |
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( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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THE WAY AHEAD PEOPLE LIMITED (REGISTERED NUMBER: SC476202) |
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BALANCE SHEET - continued |
30TH APRIL 2018 |
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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 |
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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. |
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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 director on
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THE WAY AHEAD PEOPLE LIMITED (REGISTERED NUMBER: SC476202) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2018 |
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1. | STATUTORY INFORMATION |
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The Way Ahead People Limited is a
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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 |
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of |
Value Added Tax. |
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In the year, 27% (2017: 56%) of turnover was derived from outside the UK. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Intangible assets are being amortised evenly over their estimated useful life of 5 years. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
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Computer equipment - 33% per annum straight line basis |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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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. |
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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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THE WAY AHEAD PEOPLE LIMITED (REGISTERED NUMBER: SC476202) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2018 |
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2. | ACCOUNTING POLICIES - continued |
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 year 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 year was NIL (2017 - NIL). |
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
Additions |
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At 30th April 2018 |
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AMORTISATION |
Charge for year |
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At 30th April 2018 |
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NET BOOK VALUE |
At 30th April 2018 |
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THE WAY AHEAD PEOPLE LIMITED (REGISTERED NUMBER: SC476202) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2018 |
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5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1st May 2017 |
and 30th April 2018 |
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DEPRECIATION |
At 1st May 2017 |
and 30th April 2018 |
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NET BOOK VALUE |
At 30th April 2018 |
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At 30th April 2017 |
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6. | STOCKS |
2018 | 2017 |
£ | £ |
Stocks |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Prepayments |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Value Added Tax | 327 | 646 |
Directors' loan accounts | 30,418 | 29,146 |
Accrued expenses |
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9. | RELATED PARTY DISCLOSURES |
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Included within creditors is a loan to the company of £30,418 (2017:£29,146) from the director. The loan is |
interest free and has no fixed term of repayment. |