Abbreviated Company Accounts - WRK SOLUTIONS LIMITED

WRK SOLUTIONS LIMITED - Company Information

SC377900 WRK SOLUTIONS LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true SC377900 2014-06-01 2015-05-31 SC377900 2015-05-31 SC377900 2014-05-31 SC377900 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 SC377900 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2015-05-31 uk-gaap-cd-bus:Director3 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number SC377900

WRK SOLUTIONS LIMITED

Abbreviated Accounts

31 May 2015

WRK SOLUTIONS LIMITED Registered Number SC377900

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	5,682	10,157
Tangible assets	3	1,768	2,340
		7,450	12,497
Current assets
Debtors		8,881	2,336
Cash at bank and in hand		11,437	13,136
		20,318	15,472
Creditors: amounts falling due within one year		(10,203)	(34,861)
Net current assets (liabilities)		10,115	(19,389)
Total assets less current liabilities		17,565	(6,892)
Total net assets (liabilities)		17,565	(6,892)
Capital and reserves
Called up share capital	4	10	3
Share premium account		18,000	0
Profit and loss account		(445)	(6,895)
Shareholders' funds		17,565	(6,892)

For the year ending 31 May 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 24 February 2016

And signed on their behalf by:
R Walker, Director
Director, Director

WRK SOLUTIONS LIMITED Registered Number SC377900

Notes to the Abbreviated Accounts for the period ended 31 May 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 sales of goods, 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.

Fixtures and fittings 10 % straight line p.a.
Computer equipment 33.33% straight line p.a.

Intangible assets amortisation policy
Amortisation is provided on all intangible assets at the following annual values in order to write off each asset over its estimated useful life:

Website 20% straight line p.a.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Intangible fixed assets

	£
Cost
At 1 June 2014	23,595
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	23,595
Amortisation
At 1 June 2014	13,438
Charge for the year	4,475
On disposals	-
At 31 May 2015	17,913
Net book values
At 31 May 2015	5,682
At 31 May 2014	10,157

3Tangible fixed assets

	£
Cost
At 1 June 2014	4,578
Additions	382
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	4,960
Depreciation
At 1 June 2014	2,238
Charge for the year	954
On disposals	-
At 31 May 2015	3,192
Net book values
At 31 May 2015	1,768
At 31 May 2014	2,340

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
10 Ordinary shares of £1 each (3 shares for 2014)	10	3

7 Ordinary shares shares of £1 each were allotted as fully paid at a premium of 2571.43 per share during the year.

5Transactions with directors

Name of director receiving advance or credit:	P Kane
Description of the transaction:	Director
Balance at 1 June 2014:	£ 27,728
Advances or credits made:	-
Advances or credits repaid:	£ 24,975
Balance at 31 May 2015:	£ 2,753

Mr Kane's loan to the company is interest free and repayable on demand.

RELATED PARTY DISCLOSURES

Robin Walker is a member of Robin Walker Accountants LLP. In the period under review Robin Walker Accountants LLP charged WRK Solutions Ltd £1,480 in respect of professional charges of which £796 was outstanding at 31 May 2015.

Patrick Kane and Carol MacInnes are members of Create Communications LLP. In the period under review the firm charged £17,421 in respect of marketing and advertising fees. There were no outstanding balances at the year end.