Wavelength Electronics Limited - Limited company - abbreviated - 11.6

Wavelength Electronics Limited - Limited company - abbreviated - 11.6

WAVELENGTH ELECTRONICS LIMITED - Company Information

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REGISTERED NUMBER: 02755004 (England and Wales)















WAVELENGTH ELECTRONICS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014






WAVELENGTH ELECTRONICS LIMITED (REGISTERED NUMBER: 02755004)






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




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

WAVELENGTH ELECTRONICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014







DIRECTOR: P C Glover





SECRETARY: P C Glover





REGISTERED OFFICE: 424 Margate Road
Ramsgate
Kent
CT12 6SR





REGISTERED NUMBER: 02755004 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ
Page 1
WAVELENGTH ELECTRONICS LIMITED (REGISTERED NUMBER: 02755004)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,247 2,181

CURRENT ASSETS
Stocks 69,658 29,620
Debtors 118,315 105,022
Cash at bank and in hand 51,243 50,872
239,216 185,514
CREDITORS
Amounts falling due within one year 53,841 85,790
NET CURRENT ASSETS 185,375 99,724
TOTAL ASSETS LESS CURRENT
LIABILITIES
187,622
101,905

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 187,522 101,805
SHAREHOLDERS' FUNDS 187,622 101,905

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 19 May 2015 and were signed by:




P C Glover - Director


The notes form part of these abbreviated accounts

Page 2
WAVELENGTH ELECTRONICS LIMITED (REGISTERED NUMBER: 02755004)

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 and services, 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.

Office equipment - 20% on cost
Fixtures and fittings - 20% on cost

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet
date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.
Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 8,366
Additions 983
At 31 December 2014 9,349
DEPRECIATION
At 1 January 2014 6,185
Charge for year 917
At 31 December 2014 7,102
NET BOOK VALUE
At 31 December 2014 2,247
At 31 December 2013 2,181

Page 3 continued...
WAVELENGTH ELECTRONICS LIMITED (REGISTERED NUMBER: 02755004)

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

3. CALLED UP SHARE CAPITAL

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

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The overdrawn Directors Current Account was repaid in full on 27 March 2015.

Page 4