Accounts filed on 30-06-2015

Accounts filed on 30-06-2015

WYPHY.NET LIMITED - Company Information

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WYPHY.NET LIMITED

Company Registration Number:
08146582 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 July 2014

End date: 30 June 2015

WYPHY.NET LIMITED

Abbreviated Balance sheet

As at 30 June 2015


Notes
2015
£
2014
£
Fixed assets
Tangible assets: 2 705 0
Total fixed assets: 705 0
Current assets
Debtors: 3 749 537
Cash at bank and in hand: 5,257 1,407
Total current assets: 6,006 1,944
Creditors: amounts falling due within one year: 4 ( 3,698 ) ( 748 )
Net current assets (liabilities): 2,308 1,196
Total assets less current liabilities: 3,013 1,196
Provision for liabilities: ( 141 ) 0
Total net assets (liabilities): 2,872 1,196

The notes form part of these financial statements

WYPHY.NET LIMITED

Balance sheet continued

As at 30 June 2015


Notes
2015
£
2014
£
Capital and reserves
Called up share capital: 5 200 200
Profit and loss account: 2,672 996
Shareholders funds: 2,872 1,196

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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 12 October 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mrs J A Hughes
Status: Director

The notes form part of these financial statements

WYPHY.NET LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 1. Accounting 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 January 2015)

    Turnover policy

    Turnover represents amounts chargeable, net of value added tax, inrepect of goods and services to customers.

    Tangible fixed assets depreciation policy

    Depreciation is provided on tangible fixed assets so as to write off the cost, less any residual value, over their expected useful economic life as follows:
    Plant and machinery - 33% straight line

    Other accounting policies

    Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

WYPHY.NET LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 2. Tangible assets

    Total
    Cost £
    01 July 2014: 0
    Additions: 981
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    30 June 2015: 981
    Depreciation
    01 July 2014: 0
    Charge for year: 276
    On disposals: 0
    Other adjustments: 0
    30 June 2015: 276
    Net book value
    30 June 2015: 705
    30 June 2014: 0

WYPHY.NET LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 3. Debtors


    2015
    £
    2014
    £
    Trade debtors: 749 537
    Total: 749 537

WYPHY.NET LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 4. Creditors: amounts falling due within one year


    2015
    £
    2014
    £
    Trade creditors: 2,929 0
    Taxation and social security: 224 411
    Other creditors: 545 337
    Total: 3,698 748

WYPHY.NET LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 200 1.00 200
    Preference shares: 0
    Total share capital (£): 200
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 200 1.00 200
    Preference shares: 0
    Total share capital (£): 200

WYPHY.NET LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 6. Related party disclosures

    Name of the ultimate controlling party during the period: The four directors
    Name of related party: Europarc Specialized Systems Ltd
    Relationship: Mrs J A Hughes and Mr R D Ainley are directors and shareholders
    Description of the transaction Start up loan
    Balance at 01 July 2014 50
    Balance at 30 June 2015 0

    Additional information

    The company is jointly owned by Europarc Specialized Systems Limited and Minotaur Telecom Limited. Mrs J A Hughes and Mr R D Ainley are directors and shareholders of Europarc Specialized Systems Limited. Mrs M Knight and Mr C M Bagnall are directors and shareholders in Minotaur Telecom Limited. During the year the company was recharged services amounting to £809 (2014:£405) from Europarc Specialized Systems Limited.