| Withit (Portsmouth) Limited |
| Registered number: |
07735919 |
| Abbreviated Balance Sheet |
| as at 31 August 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
|
|
|
- |
|
|
- |
| Tangible assets |
|
|
|
622 |
|
|
933 |
| Investments |
|
|
|
|
|
|
- |
|
|
|
|
622 |
|
|
933 |
|
| Current assets |
| Stocks |
|
|
20,424 |
|
|
26,156 |
| Debtors |
|
|
29,355 |
|
|
- |
| Cash at bank and in hand |
|
|
16,240 |
|
|
61,701 |
|
|
|
66,019 |
|
|
87,857 |
|
| Creditors: amounts falling due within one year |
|
|
(19,631) |
|
|
(22,885) |
|
| Net current assets |
|
|
|
46,388 |
|
|
64,972 |
|
| Total assets less current liabilities |
|
|
|
47,010 |
|
|
65,905 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
- |
|
|
(9,502) |
|
| Provisions for liabilities |
|
|
|
- |
|
|
- |
|
|
| Net assets |
|
|
|
47,010 |
|
|
56,403 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
47,009 |
|
|
56,402 |
|
| Shareholder's funds |
|
|
|
47,010 |
|
|
56,403 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| B S Zahid |
| Director |
| Approved by the board on 18 May 2015 |
|
| Withit (Portsmouth) Limited |
| Notes to the Accounts |
| for the year ended 31 August 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
33.33% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Total |
| £ |
|
Cost |
|
At 1 September 2013 |
1,399 |
|
Additions |
- |
|
Surplus on revaluation |
- |
|
Disposals |
- |
|
At 31 August 2014 |
1,399 |
|
|
|
|
|
|
|
|
- |
|
Depreciation |
- |
|
At 1 September 2013 |
466 |
|
Charge for the year |
311 |
|
Surplus on revaluation |
- |
|
On disposals |
- |
|
At 31 August 2014 |
777 |
|
|
|
|
|
|
|
|
- |
|
Net book value |
- |
|
At 31 August 2014 |
622 |
|
At 31 August 2013 |
933 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2014 |
|
2013 |
|
|
|
Trade debtors |
- |
|
- |
|
Other debtors |
29,355 |
|
- |
|
|
|
|
|
|
29,355 |
|
- |
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2014 |
|
2013 |
|
|
|
Trade creditors |
- |
|
- |
|
Directors' Current Account |
- |
|
9,502 |
|
|
|
|
|
|
- |
|
9,502 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
1 |
|
1 |
|
B Ordinary shares |
£1 each |
|
- |
|
- |
|
- |
|
|
|
|
|
|
1 |
|
1 |
|
Preference shares |
£1 each |
|
- |
|
- |
|
- |
|
|
|
|
|
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Ordinary shares |
£1 each |
|
- |
|
1 |
|
B Ordinary shares |
£1 each |
|
- |
|
- |
|
|
|
|
|
|
1 |
|
Preference shares |
£1 each |
|
- |
|
- |
|
|
|
|
|
|
1 |
|
|
|
|
|
|
|
|
| 10 |
Related party transactions |
|
|
During the year an amount of £208 (2013 - £208) was paid to the director for use of home. |
|
|
No other transactions with related parties were undertaken as are required to be disclosed under the FRSSE. |
|
| 11 |
Ultimate controlling party |
|
|
The company was under the control of its director Mr B S Zahid throughout the year. Mr Zahid controlled 100% of the share capital in the company. |
