Warm Electronics Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08541951 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2015

for

Warm Electronics Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Yong Yang

REGISTERED OFFICE:

29-30 Frith Street

London

W1D 5LG

REGISTERED NUMBER:

08541951 (England and Wales)

ACCOUNTANTS:

WONG LANGE & CO.

Chartered Certified & Management Accountants

29-30 Frith Street

London

W1D 5LG

FIXED ASSETS

Tangible assets

2

1,267

1,175

CURRENT ASSETS

Stocks

90,887

24,738

Debtors

3

37,863

15,275

Cash at bank and in hand

197,042

39,524

325,792

79,537

CREDITORS

Amounts falling due within one year

321,618

94,676

NET CURRENT ASSETS/(LIABILITIES)

4,174

(15,139

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,441

(13,964

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

5,341

(14,064

)

SHAREHOLDERS' FUNDS

5,441

(13,964

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 27 February 2016 and were signed by:

Yong Yang - Director

1.	ACCOUNTING POLICIES

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

1,382

Additions

275

At 31 May 2015

1,657

DEPRECIATION

At 1 June 2014

207

Charge for year

183

At 31 May 2015

390

NET BOOK VALUE

At 31 May 2015

1,267

At 31 May 2014

1,175

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 12,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

100

Ordinary Share Capital

1

100

100