Wandering Star Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02871714 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Wandering Star Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M Berrow

SECRETARY:

Ms S H Paddon

REGISTERED OFFICE:

2 Higher Barn

Higher Woodsford

DORCHESTER

Dorset

DT2 8BT

REGISTERED NUMBER:

02871714 (England and Wales)

ACCOUNTANTS:

S&T Accountants Ltd

2 Higher Barn

Higher Woodsford

DORCHESTER

Dorset

DT2 8BT

FIXED ASSETS

Tangible assets

2

288

384

CURRENT ASSETS

Debtors

792,622

806,025

Cash at bank

9,332

1,601

801,954

807,626

CREDITORS

Amounts falling due within one year

873,819

862,900

NET CURRENT LIABILITIES

(71,865

)

(55,274

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(71,577

)

(54,890

)

CAPITAL AND RESERVES

Called up share capital

3

3,000

3,000

Profit and loss account

(74,577

)

(57,890

)

SHAREHOLDERS' FUNDS

(71,577

)

(54,890

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 18 July 2014 and were signed by:

Mr M Berrow - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Since the Company's Incorporation in 1993 Intellectual Assets have been purchased totalling £384,447. Section

68 of the Capital Allowances Act 1990 deems all the capital expenditure on the intellectual assets as being

revenue and therefore the intellectual assets are not shown on the balance sheet but are written off on the profit

and loss account.

In view of the above the accounts have been prepared on a going concern basis.

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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

12,962

DEPRECIATION

At 1 April 2013

12,578

Charge for year

96

At 31 March 2014

12,674

NET BOOK VALUE

At 31 March 2014

288

At 31 March 2013

384

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

3,000

Ordinary

£1

3,000

3,000

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

All transactions between the Company and its Directors are entered through the Directors Current Accounts.