Wright Foundation Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC439136 (Scotland)

Abbreviated Unaudited Accounts

for the Period

19 December 2012 to 31 December 2013

for

Wright Foundation Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs Y Wallace

SECRETARY:

Mrs Y Wallace

REGISTERED OFFICE:

Chapelshade House

78-84 Bell Street

Dundee

Tayside

DD1 1RQ

REGISTERED NUMBER:

SC439136 (Scotland)

ACCOUNTANTS:

MMG Archbold

Chartered Accountants

Chapelshade House

78-84 Bell Street

Dundee

United Kingdom

DD1 1RQ

CURRENT ASSETS

Debtors

38,503

CREDITORS

Amounts falling due within one year

56,726

NET CURRENT LIABILITIES

(18,223

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(18,223

)

RESERVES

Income and expenditure account

(18,223

)

(18,223

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 17 September 2014 and were signed by:

Mrs Y Wallace - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis which assumes that the company will

continue in operational existence for the foreseeable future. The company's forecasts and projections, taking

account of anticipated changes in the company's trading performance, indicate that the company plans to operate

within cash generated. The directors believe that it is appropriate for the financial statements to be prepared on

the going concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income and expenditure account on a straight line basis

over the period of the lease.

2.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2013:

£

Mrs Y Wallace

Balance outstanding at start of period

-

Amounts advanced

2,101

Amounts repaid

(8,301

)

Balance outstanding at end of period

(6,200

)