Abbreviated Company Accounts - WATS-ON LIGHTING AND SOUND LIMITED

WATS-ON LIGHTING AND SOUND LIMITED - Company Information

02218420 WATS-ON LIGHTING AND SOUND LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 02218420 2014-03-01 2015-02-28 02218420 2015-02-28 02218420 2014-02-28 02218420 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 02218420 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 02218420

WATS-ON LIGHTING AND SOUND LIMITED

Abbreviated Accounts

28 February 2015

WATS-ON LIGHTING AND SOUND LIMITED Registered Number 02218420

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	54,091	61,639
		54,091	61,639
Current assets
Stocks		104,908	115,205
Debtors		1,655	5,655
Cash at bank and in hand		45,480	50,643
		152,043	171,503
Creditors: amounts falling due within one year		(139,361)	(140,343)
Net current assets (liabilities)		12,682	31,160
Total assets less current liabilities		66,773	92,799
Creditors: amounts falling due after more than one year		(9,144)	(9,144)
Total net assets (liabilities)		57,629	83,655
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		57,529	83,555
Shareholders' funds		57,629	83,655

For the year ending 28 February 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 25 November 2015

And signed on their behalf by:
Mr C A Watson, Director

WATS-ON LIGHTING AND SOUND LIMITED Registered Number 02218420

Notes to the Abbreviated Accounts for the period ended 28 February 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
Turnover represents net invoiced sale of goods and work done, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold Property - 4% Straight Line Method
Plant and Machinery - 10% Reducing Balance Method
Fixtures and Fittings - 10% Reducing Balance Method
Motor Vehicles - 25% Reducing Balance Method

Valuation information and policy
Stock and Work-in-Progress have been valued at the lower of cost and net realisable value. The cost of Work-in-Progress includes direct labour, materials and overhead contribution.

2Tangible fixed assets

	£
Cost
At 1 March 2014	221,294
Additions	206
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	221,500
Depreciation
At 1 March 2014	159,655
Charge for the year	7,754
On disposals	-
At 28 February 2015	167,409
Net book values
At 28 February 2015	54,091
At 28 February 2014	61,639

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100