Abbreviated Company Accounts - WORLD MANAGEMENT SOLUTIONS LTD

Abbreviated Company Accounts - WORLD MANAGEMENT SOLUTIONS LTD


Registered Number 06300196

WORLD MANAGEMENT SOLUTIONS LTD

Abbreviated Accounts

30 June 2015

WORLD MANAGEMENT SOLUTIONS LTD Registered Number 06300196

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 3,192 4,256
3,192 4,256
Current assets
Debtors 8,750 8,000
Cash at bank and in hand 355 1,952
9,105 9,952
Creditors: amounts falling due within one year (19,936) (14,602)
Net current assets (liabilities) (10,831) (4,650)
Total assets less current liabilities (7,639) (394)
Total net assets (liabilities) (7,639) (394)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (8,639) (1,394)
Shareholders' funds (7,639) (394)
  • For the year ending 30 June 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 1 October 2015

And signed on their behalf by:
Shamim Akhtar Aftab, Director

WORLD MANAGEMENT SOLUTIONS LTD Registered Number 06300196

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the
period, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in
respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 25% on Reducing Balance Basis
Equipment - 25% on Reducing Balance Basis

2Tangible fixed assets
£
Cost
At 1 July 2014 12,983
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2015 12,983
Depreciation
At 1 July 2014 8,727
Charge for the year 1,064
On disposals -
At 30 June 2015 9,791
Net book values
At 30 June 2015 3,192
At 30 June 2014 4,256