Made in Wonderland Limited Small abbreviated accounts
Made in Wonderland Limited Small abbreviated accounts
COMPANY REGISTRATION NUMBER
05773606
ABBREVIATED BALANCE SHEET
2015 |
2014 |
|||
Note |
£ |
£ |
£ |
|
FIXED ASSETS |
2 |
|||
Intangible assets |
- |
- |
||
Tangible assets |
|
|
||
Investments |
8 |
- |
||
---------- |
---------- |
|||
|
|
|||
---------- |
---------- |
|||
CURRENT ASSETS
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
------------- |
---------- |
||
1,054,837 |
931,604 |
||
CREDITORS: Amounts falling due within one year |
|
|
|
------------- |
---------- |
||
NET CURRENT ASSETS |
|
|
|
---------- |
---------- |
||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
CREDITORS: Amounts falling due after more than one year |
|
|
|
---------- |
---------- |
||
|
|
||
---------- |
---------- |
||
CAPITAL AND RESERVES
Called up equity share capital |
3 |
|
|
|
Profit and loss account |
|
|
||
---------- |
---------- |
|||
SHAREHOLDERS' FUNDS |
|
|
||
---------- |
---------- |
|||
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts were approved by the directors and authorised for issue on
26 February 2016
, and are signed on their behalf by:
Director
Director
Company Registration Number:
05773606
NOTES TO THE
ABBREVIATED ACCOUNTS
YEAR ENDED 31 MAY 2015
1.
ACCOUNTING POLICIES
Basis of accounting
Turnover
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixed assets
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at a fixed rate of exchange. Exchange differences are taken into account at arriving at the operating profit.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
2.
FIXED ASSETS
Intangible Assets |
Tangible Assets |
Investments |
Total |
|
£ |
£ |
£ |
£ |
|
COST
At 1 June 2014 |
|
|
– |
271,104 |
Additions |
– |
|
8 |
143,789 |
--------- |
---------- |
---- |
---------- |
|
At 31 May 2015 |
|
|
8 |
414,893 |
--------- |
---------- |
---- |
---------- |
|
DEPRECIATION
At 1 June 2014 |
|
|
– |
150,435 |
Charge for year |
– |
|
– |
59,845 |
--------- |
---------- |
---- |
---------- |
|
At 31 May 2015 |
|
|
– |
210,280 |
--------- |
---------- |
---- |
---------- |
|
NET BOOK VALUE
At 31 May 2015 |
– |
|
8 |
|
---- |
---------- |
---- |
---------- |
|
At 31 May 2014 |
– |
|
– |
|
---- |
---------- |
---- |
---------- |
|
On 11 November 2014, the company acquired
75.1
% of the issued share capital of The Wonderland Dream Factory Limited. The subsidiary reported a loss for the financial period of (£83,836) and aggregate capital and reserves totalled (£83,826). Under the provision of section 248 of the Companies Act 1985 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
3.
SHARE CAPITAL
Allotted, called up and fully paid:
2015 |
2014 |
||||
No |
£ |
No |
£ |
||
|
|
|
|
|
|
---- |
---- |
---- |
---- |
||
|
|
|
|
||
---- |
---- |
---- |
---- |
||