Right Wire Limited - Limited company - abbreviated - 11.6

Right Wire Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 05564429 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

RIGHT WIRE LIMITED

RIGHT WIRE LIMITED (REGISTERED NUMBER: 05564429)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014










Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

RIGHT WIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014







DIRECTOR: R J Lodge





SECRETARY: D Lodge





REGISTERED OFFICE: Unit 3
East Yar Road Trading Estate
East Yar Road
Sandown
Isle of Wight
PO36 9AY





REGISTERED NUMBER: 05564429 (England and Wales)





ACCOUNTANTS: Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ

RIGHT WIRE LIMITED (REGISTERED NUMBER: 05564429)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 34,775 13,607

CURRENT ASSETS
Stocks 12,000 2,250
Debtors 74,787 35,189
Cash at bank and in hand 19,062 2,052
105,849 39,491
CREDITORS
Amounts falling due within one year 3 63,270 33,858
NET CURRENT ASSETS 42,579 5,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,354

19,240

CREDITORS
Amounts falling due after more than one
year

3

(24,921
)
(9,214
)

PROVISIONS FOR LIABILITIES (6,955 ) (2,721 )
NET ASSETS 45,478 7,305

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 45,378 7,205
SHAREHOLDERS' FUNDS 45,478 7,305

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

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

The director acknowledges his 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.

RIGHT WIRE LIMITED (REGISTERED NUMBER: 05564429)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 25 February 2015 and were signed by:





R J Lodge - Director


RIGHT WIRE LIMITED (REGISTERED NUMBER: 05564429)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014


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 goods, excluding value added tax, except in respect of
service contracts where turnover is recognised when the company obtains the right to consideration.

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 - 25% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 21,576
Additions 33,148
At 31 December 2014 54,724
DEPRECIATION
At 1 January 2014 7,969
Charge for year 11,980
At 31 December 2014 19,949
NET BOOK VALUE
At 31 December 2014 34,775
At 31 December 2013 13,607

RIGHT WIRE LIMITED (REGISTERED NUMBER: 05564429)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2014


3. CREDITORS

Creditors include an amount of £ 29,298 (2013 - £ 11,434 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary 1 100 100