Wings & Wheels Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01318654 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Wings & Wheels Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

R H Oram

SECRETARY:

Mrs K Oram

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

01318654 (England and Wales)

ACCOUNTANTS:

The Mudd Partnership

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

2

29,106

29,565

CURRENT ASSETS

Debtors

1,651

6,411

Cash at bank

11,967

6,644

13,618

13,055

CREDITORS

Amounts falling due within one year

33,209

32,079

NET CURRENT LIABILITIES

(19,591

)

(19,024

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,515

10,541

CAPITAL AND RESERVES

Called up share capital

3

5,000

5,000

Profit and loss account

4,515

5,541

SHAREHOLDERS' FUNDS

9,515

10,541

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.

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 27 February 2015 and were signed by:

R H Oram - 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).

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33.3% straight line

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to to pay more (or less) tax at a future, at the tax average rates

that are expected to apply when the timing differences reverse, based on current tax rates and laws.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

40,702

Additions

626

At 31 December 2014

41,328

DEPRECIATION

At 1 January 2014

11,137

Charge for year

1,085

At 31 December 2014

12,222

NET BOOK VALUE

At 31 December 2014

29,106

At 31 December 2013

29,565

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

5,000

Ordinary

£1

5,000

5,000

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,998 (2013 - £10,998) were paid to the director .

5.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Wings & Wheels Limited for the year ended 31 December 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes 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 icaew.com/membershandbook.

This report is made solely to the director of Wings & Wheels Limited in accordance with our terms of engagement. Our

work has been undertaken solely to prepare for your approval the financial statements of Wings & Wheels Limited and

state those matters that we have agreed to state to the director of Wings & Wheels Limited in this report in accordance

with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Wings & Wheels Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wings &

Wheels Limited. You consider that Wings & Wheels 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 financial statements of Wings & Wheels 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 financial statements.

The Mudd Partnership

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

27 February 2015