Waretech Limited - Limited company accounts 11.4

REGISTERED NUMBER: 07398492 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 October 2014

for

Waretech Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

A Jeans

Mrs C Jeans

REGISTERED OFFICE:

196 Nether Street

London

N3 1PE

REGISTERED NUMBER:

07398492 (England and Wales)

The directors present their report with the financial statements of the company for the year ended 31 October 2014.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 November 2013 to the date of this

report.

A Jeans

Mrs C Jeans

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

A Jeans - Director

9 February 2015

TURNOVER

23,626

16,285

Administrative expenses

21,945

20,720

OPERATING PROFIT/(LOSS) and

PROFIT/(LOSS) ON ORDINARY
ACTIVITIES BEFORE TAXATION

2

1,681

(4,435

)

Tax on profit/(loss) on ordinary activities

3

-

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

1,681

(4,435

)

FIXED ASSETS

Tangible assets

4

773

464

CURRENT ASSETS

Debtors

5

-

100

Cash at bank

5,159

5,391

5,159

5,491

CREDITORS

Amounts falling due within one year

6

9,335

11,039

NET CURRENT LIABILITIES

(4,176

)

(5,548

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,403

)

(5,084

)

CAPITAL AND RESERVES

Called up share capital

7

100

Profit and loss account

8

(3,503

)

(5,184

)

SHAREHOLDERS' FUNDS

(3,403

)

(5,084

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 9 February 2015 and were signed on its behalf by:

A Jeans - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	OPERATING PROFIT/(LOSS)

The operating profit (2013 - operating loss) is stated after charging:

31.10.14

31.10.13

£

Depreciation - owned assets

193

234

Directors' remuneration and other benefits etc

15,690

15,265

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 October 2014 nor for the

year ended 31 October 2013.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2013

1,169

Additions

502

At 31 October 2014

1,671

DEPRECIATION

At 1 November 2013

705

Charge for year

193

At 31 October 2014

898

NET BOOK VALUE

At 31 October 2014

773

At 31 October 2013

464

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.14

31.10.13

£

Other debtors

-

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.14

31.10.13

£

Taxation and social security

633

603

Other creditors

8,702

10,436

9,335

11,039

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

100

Ordinary

£1

100

8.

RESERVES

Profit

and loss

account

£

At 1 November 2013

(5,184

)

Profit for the year

1,681

At 31 October 2014

(3,503

)