Company Registration No. 02711352 (England and Wales)
WEBREE.COM LTD.
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
WEBREE.COM LTD.
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
WEBREE.COM LTD.
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
17,083
21,444
Current assets
Stocks
2,110
3,380
Debtors
67,822
99,585
Cash at bank and in hand
50,565
17,391
120,497
120,356
Creditors: amounts falling due within one year
(56,459)
(57,948)
Net current assets
64,038
62,408
Total assets less current liabilities
81,121
83,852
Creditors: amounts falling due after more than one year
3
(149,774)
(119,466)
(68,653)
(35,614)
Capital and reserves
Called up share capital
4
1,520
1,520
Profit and loss account
(70,173)
(37,134)
Shareholders' funds
(68,653)
(35,614)
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 14 December 2015
Mr C N Dockree
Director
Company Registration No. 02711352
WEBREE.COM LTD.
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
10% - 15% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
90,758
Additions
1,411
Disposals
(25,556)
At 31 March 2015
66,613
Depreciation
At 1 April 2014
69,314
On disposals
(22,779)
Charge for the year
2,995
At 31 March 2015
49,530
Net book value
At 31 March 2015
17,083
At 31 March 2014
21,444
3
Creditors: amounts falling due after more than one year
2015
2014
£
£
Analysis of loans repayable in more than five years
Total not repayable by instalments and due in more than five years
139,466
119,466
WEBREE.COM LTD.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,500 A Ordinary of £1 each
1,500
1,500
20 Class B Preference of £1 each
20
20
1,520
1,520
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