Wyepak Ltd - Limited company - abbreviated - 11.9

Wyepak Ltd - Limited company - abbreviated - 11.9

WYEPAK LIMITED - Company Information

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REGISTERED NUMBER: 08685543 (England and Wales)









ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

WYEPAK LTD

WYEPAK LTD (REGISTERED NUMBER: 08685543)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

WYEPAK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2015







DIRECTORS: J M Cooper
M R Tooth





REGISTERED OFFICE: Unit 5 Wallbrook Court
Rotherwas Industrial Estate
Hereford
HR2 6JG





REGISTERED NUMBER: 08685543 (England and Wales)





ACCOUNTANTS: DTBC Ltd
t/a Thompson & Co
Shiretown House
41-43 Broad Street
Hereford
Herefordshire
HR4 9AR
Page 1
WYEPAK LTD (REGISTERED NUMBER: 08685543)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2015

30.9.15 30.9.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 339,680 310,780

CURRENT ASSETS
Stocks 12,306 500
Debtors 577,967 566,014
Cash at bank 1,358,673 298,345
1,948,946 864,859
CREDITORS
Amounts falling due within one year 1,714,358 761,473
NET CURRENT ASSETS 234,588 103,386
TOTAL ASSETS LESS CURRENT
LIABILITIES
574,268
414,166

PROVISIONS FOR LIABILITIES 68,334 36,902
NET ASSETS 505,934 377,264

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 505,834 377,164
SHAREHOLDERS' FUNDS 505,934 377,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 9 March 2016 and were signed on its behalf by:




M R Tooth - Director


The notes form part of these abbreviated accounts

Page 2
WYEPAK LTD (REGISTERED NUMBER: 08685543)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015

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
25% Reducing Balance - Plant & Machinery
33.3% Straight Line - Computer & Office Equipment

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Trust
The Company has created a trust whose beneficiaries will include employees of the Company and their
dependents. Assets held under this trust will be controlled by trustees who will be acting independently and
entirely at their own discretion.

Where assets are held in the trust and these are considered by the company to be in respect of services already
provided by employees to the Company, the Company will account for these as assets of the trust when payment
is made to the trust. The value transferred will be charged in the Company's profit & loss account for the year to
which it relates.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 317,179
Additions 117,208
At 30 September 2015 434,387
DEPRECIATION
At 1 October 2014 6,399
Charge for year 88,308
At 30 September 2015 94,707
NET BOOK VALUE
At 30 September 2015 339,680
At 30 September 2014 310,780

Page 3 continued...
WYEPAK LTD (REGISTERED NUMBER: 08685543)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2015

3. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.9.15 30.9.14
value: £    £   
100 Share capital 1 £1 100 100

Page 4