Webdesign Associates Limited Accounts

WEBDESIGN ASSOCIATES LIMITED - Company Information






Webdesign Associates Limited
	Company No. 05144177
		Abbreviated Accounts
		31 March 2015

at	31 March 2015

Company No.		05144177	Notes	2015	2014
				£	£
Fixed assets

	Tangible assets		2	819	519

				819	519
Current assets

	Debtors			11,782	18,450

	Cash at bank and in hand			9,182	3,765
				20,964	22,215
Creditors: Amounts falling due within one year				(15,057)	(16,750)
Net current assets				5,907	5,465
Total assets less current liabilities				6,726	5,984

Provisions for liabilities
	Deferred taxation			-	(103)

Net assets				6,726	5,881

Capital and reserves
	Called up share capital		3	4	4



	Profit and loss account			6,722	5,877

Shareholders' funds				6,726	5,881

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 10 August 2015

And signed on its behalf by:

S.A. Thompson
Director
10 August 2015

for the year ended 31 March 2015

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 January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible fixed assets and depreciation

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

Furniture, fittings and equipment

25% straight line basis

Intangible fixed assets and amortisation

Intangible fixed assets (including purchased goodwill, patents and trademarks and research and development costs) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an assets may not be fully recoverable.

Deferred taxation

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 pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

2	Fixed assets
		Intangible fixed assets	Tangible fixed assets	Total
		£	£	£
	Cost or revaluation
	At 1 April 2014	32,640	4,061	36,701
	Additions	-	814	814



	At 31 March 2015	32,640	4,875	37,515
	Amortisation
	At 1 April 2014	32,640	3,542	36,182
	Charge for the year	-	514	514



	At 31 March 2015	32,640	4,056	36,696
	Net book values
	At 31 March 2015	-	819	819
	At 31 March 2014	-	519	519

3	Share Capital
		Nominal value	2015	2015	2014
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary Shares - Class A	1.00	2	2	2
	Ordinary Shares - Class B	1.00	2	2	2



				4	4