WKC_GLOBAL_LTD - Accounts

CH6NGE LIMITED - Company Information

Print Friendly Version

Company Registration No. 08125574 (England and Wales)

WKC GLOBAL LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2015

WKC GLOBAL LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WKC GLOBAL LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,216

1,622

Current assets

Debtors

61,727

67,960

Cash at bank and in hand

37,917

9,800

99,644

77,760

Creditors: amounts falling due within one year

(43,278)

(55,451)

Net current assets

56,366

22,309

Total assets less current liabilities

57,582

23,931

Provisions for liabilities

(243)

(324)

57,339

23,607

Capital and reserves

Called up share capital

Profit and loss account

57,338

23,606

Shareholder's funds

57,339

23,607

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 April 2016

Mr R J Lucas

Director

Company Registration No. 08125574

WKC GLOBAL LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Computer equipment

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 August 2014 & at 31 July 2015

2,686

Depreciation

At 1 August 2014

1,064

Charge for the year

406

At 31 July 2015

1,470

Net book value

At 31 July 2015

1,216

At 31 July 2014

1,622

WKC GLOBAL LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary share of £1 each