Abbreviated Company Accounts - WHARTON ELECTRONICS LIMITED

WHARTON ELECTRONICS LIMITED - Company Information

04221564 WHARTON ELECTRONICS LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 04221564 2014-07-01 2015-06-30 04221564 2015-06-30 04221564 2014-06-30 04221564 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 04221564 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 04221564

WHARTON ELECTRONICS LIMITED

Abbreviated Accounts

30 June 2015

WHARTON ELECTRONICS LIMITED Registered Number 04221564

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	108,000	136,000
Tangible assets	3	7,500	10,000
		115,500	146,000
Current assets
Debtors		354,397	567,352
Cash at bank and in hand		605,631	455,923
		960,028	1,023,275
Creditors: amounts falling due within one year		(731,724)	(831,012)
Net current assets (liabilities)		228,304	192,263
Total assets less current liabilities		343,804	338,263
Total net assets (liabilities)		343,804	338,263
Capital and reserves
Called up share capital	4	195	195
Profit and loss account		343,609	338,068
Shareholders' funds		343,804	338,263

For the year ending 30 June 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 30 March 2016

And signed on their behalf by:
E S Wharton, Director

WHARTON ELECTRONICS LIMITED Registered Number 04221564

Notes to the Abbreviated Accounts for the period ended 30 June 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 comprises the invoiced value of goods & services supplied by the company net of value added tax.

Tangible assets depreciation policy
Depreciation is provided at a rate of 25% on the reducing balance basis.

Intangible assets amortisation policy
Goodwill is being amortised over its estimated useful life of ten years.

2Intangible fixed assets

	£
Cost
At 1 July 2014	280,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	280,000
Amortisation
At 1 July 2014	144,000
Charge for the year	28,000
On disposals	-
At 30 June 2015	172,000
Net book values
At 30 June 2015	108,000
At 30 June 2014	136,000

3Tangible fixed assets

	£
Cost
At 1 July 2014	30,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	30,000
Depreciation
At 1 July 2014	20,000
Charge for the year	2,500
On disposals	-
At 30 June 2015	22,500
Net book values
At 30 June 2015	7,500
At 30 June 2014	10,000

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

	2015 £	2014 £
195 Ordinary shares of £1 each	195	195