Wild and Co Limited - Period Ending 2015-03-31

Registration number: 03141606

Wild and Co Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Axis Corporate Solutions Limited
Chartered Certified Accountants
Jordangate House
Jordangate
Macclesfield
Cheshire
SK10 1EQ

Wild and Co Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Wild and Co Limited
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wild and Co Limited for the year ended 31 March 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Wild and Co Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Wild and Co Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wild and Co Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Wild and Co Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Wild and Co Limited. You consider that Wild and Co 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 accounts of Wild and Co 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 accounts.

......................................

Axis Corporate Solutions Limited
Chartered Certified Accountants
Jordangate House
Jordangate
Macclesfield
Cheshire
SK10 1EQ

30 April 2015

Page 1

Wild and Co Limited
(Registration number: 03141606)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					3,009			3,772
Current assets
Debtors					5,084			6,440
Investments					115,390			-
Cash at bank and in hand					66,639			92,092
					187,113			98,532
Creditors: Amounts falling due within one year					(77,753)			(56,287)
Net current assets					109,360			42,245
Total assets less current liabilities					112,369			46,017
Provisions for liabilities					(618)			(618)
Net assets					111,751			45,399
Capital and reserves
Called up share capital		3			10			10
Revaluation reserve					15,390			-
Profit and loss account					96,351			45,389
Shareholders' funds					111,751			45,399

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 30 April 2015 and signed on its behalf by:

.........................................
Mr P M Wild
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Wild and Co Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% Reducing balance
Fixtures and fittings	25% Reducing balance
Computer equipment	25% Reducing balance

Research and development

Research and development expenditure is written off as incurred.

Current asset investments

Current asset investments are included at the lower of cost and net realisable value.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Wild and Co Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		36,231			36,231
At 31 March 2015		36,231			36,231
Depreciation
At 1 April 2014		32,459			32,459
Charge for the year		763			763
At 31 March 2015		33,222			33,222
Net book value
At 31 March 2015		3,009			3,009
At 31 March 2014		3,772			3,772

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		10			10			10			10

Page 4