Withit (Portsmouth) Limited - Abbreviated accounts

Withit (Portsmouth) Limited - Abbreviated accounts


Registered number
07735919
Withit (Portsmouth) Limited
Abbreviated Accounts
31 August 2015
Withit (Portsmouth) Limited
Registered number: 07735919
Abbreviated Balance Sheet
as at 31 August 2015
Notes 2015 2014
£ £
Fixed assets
Intangible assets - -
Tangible assets 415 622
Investments -
415 622
Current assets
Stocks 16,362 20,424
Debtors 17,041 29,355
Cash at bank and in hand 8,560 16,240
41,963 66,019
Creditors: amounts falling due within one year (18,537) (19,631)
Net current assets 23,426 46,388
Total assets less current liabilities 23,841 47,010
Creditors: amounts falling due after more than one year - -
Provisions for liabilities - -
Net assets 23,841 47,010
Capital and reserves
Called up share capital 1 1
Profit and loss account 23,840 47,009
Shareholder's funds 23,841 47,010
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
B S Zahid
Director
Approved by the board on 10 May 2016
Withit (Portsmouth) Limited
Notes to the Accounts
for the year ended 31 August 2015
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 33.33% Reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
4 Tangible fixed assets
Total
£
Cost
At 1 September 2014 1,399
Additions -
Surplus on revaluation -
Disposals -
At 31 August 2015 1,399
-
Depreciation -
At 1 September 2014 777
Charge for the year 207
Surplus on revaluation -
On disposals -
At 31 August 2015 984
-
Net book value -
At 31 August 2015 415
At 31 August 2014 622
5 Debtors 2015 2014
Trade debtors - -
Other debtors 17,041 29,355
17,041 29,355
7 Creditors: amounts falling due after one year 2015 2014
Trade creditors - -
Directors' Current Account - -
- -
8 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 1 1
B Ordinary shares £1 each - - -
1 1
Preference shares £1 each - - -
1 1
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each - 1
B Ordinary shares £1 each - -
1
Preference shares £1 each - -
1
10 Related party transactions
During the year an amount of £208 (2014 - £208) was paid to the director for use of home.
No other transactions with related parties were undertaken as are required to be disclosed under the FRSSE.
11 Ultimate controlling party
The company was under the control of its director Mr B S Zahid throughout the year. Mr Zahid controlled 100% of the share capital in the company.
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