The Website Business Ltd - Period Ending 2015-08-31

Registration number: 05538294

The Website Business Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

Deseret Accountants Limited
4 Thorpe Court
Thorpe Waterville
Kettering
Northants
NN14 3ED

The Website Business Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

The Website Business Ltd
(Registration number: 05538294)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,652			2,204
Current assets
Debtors					12,525			15,006
Cash at bank and in hand					31,803			29,686
					44,328			44,692
Creditors: Amounts falling due within one year					(9,226)			(11,810)
Net current assets					35,102			32,882
Total assets less current liabilities					36,754			35,086
Creditors: Amounts falling due after more than one year					(8,901)			(3,743)
Net assets					27,853			31,343
Capital and reserves
Called up share capital		3			10			10
Profit and loss account					27,843			31,333
Shareholders' funds					27,853			31,343

For the year ending 31 August 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 director acknowledges his 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 director on 11 January 2016

.........................................
Mr R Taylor
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

The Website Business Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment etc	25% on reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

The Website Business Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2014		12,205			12,205
At 31 August 2015		12,205			12,205
Depreciation
At 1 September 2014		10,001			10,001
Charge for the year		552			552
At 31 August 2015		10,553			10,553
Net book value
At 31 August 2015		1,652			1,652
At 31 August 2014		2,204			2,204

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3