Abbreviated Company Accounts - WILSON AND WILSON PUBLISHING LTD

WILSON AND WILSON PUBLISHING LTD - Company Information

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Registered Number 02358851

WILSON AND WILSON PUBLISHING LTD

Abbreviated Accounts

30 June 2013

WILSON AND WILSON PUBLISHING LTD Registered Number 02358851

Abbreviated Balance Sheet as at 30 June 2013

	Notes	2013	2012
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	16,752	25,131
		16,752	25,131
Current assets
Debtors		184,534	316,406
Cash at bank and in hand		8,093	44,093
		192,627	360,499
Creditors: amounts falling due within one year		(143,805)	(147,238)
Net current assets (liabilities)		48,822	213,261
Total assets less current liabilities		65,574	238,392
Total net assets (liabilities)		65,574	238,392
Capital and reserves
Called up share capital	3	788	788
Share premium account		26,772	26,772
Other reserves		640	640
Profit and loss account		37,374	210,192
Shareholders' funds		65,574	238,392

For the year ending 30 June 2013 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 September 2014

And signed on their behalf by:
G Wilson, Director

WILSON AND WILSON PUBLISHING LTD Registered Number 02358851

Notes to the Abbreviated Accounts for the period ended 30 June 2013

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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows

Fixtures, fittings and equipment - 33% straight line
Motor Vehicles - 25% straight line

Other accounting policies
Deferred taxation: Full provision has been made for deferred taxation resulting in timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing difference will reverse.

2Tangible fixed assets

	£
Cost
At 1 July 2012	109,278
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2013	109,278
Depreciation
At 1 July 2012	84,147
Charge for the year	8,379
On disposals	-
At 30 June 2013	92,526
Net book values
At 30 June 2013	16,752
At 30 June 2012	25,131

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

	2013 £	2012 £
360 Ordinary shares of £1 each	360	360
1 A Ordinary shares of £428 each	428	428

4Transactions with directors

Name of director receiving advance or credit:	G Wilson
Description of the transaction:	Advances to directors
Balance at 1 July 2012:	£ 116,894
Advances or credits made:	-
Advances or credits repaid:	£ 38,966
Balance at 30 June 2013:	£ 77,928

The following is a summary of the directors transactions with the company. Balance due to the company at 30th June 2012 was £116,894. Balance due to the company at 30th June 2013 was £77,928. During the year the director received dividends totaling £200,000.