Wings & Wheels Limited - Abbreviated accounts 16.1
Wings & Wheels Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 31 December 2015 |
for |
Wings & Wheels Limited |
Wings & Wheels Limited (Registered number: 01318654) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Wings & Wheels Limited |
Company Information |
for the Year Ended 31 December 2015 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Wings & Wheels Limited (Registered number: 01318654) |
Abbreviated Balance Sheet |
31 December 2015 |
31.12.15 | 31.12.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investment property | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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 financial statements were approved by the director on |
Wings & Wheels Limited (Registered number: 01318654) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Computer equipment | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
market value is transferred to a revaluation reserve. |
Deferred tax |
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods |
different from those in which they are included in the company's accounts. Deferred tax is provided in full on |
timing differences which result in an obligation to to pay more (or less) tax at a future, at the tax average rates |
that are expected to apply when the timing differences reverse, based on current tax rates and laws. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
Additions |
Reclassification/transfer | ( |
) |
At 31 December 2015 |
DEPRECIATION |
At 1 January 2015 |
Charge for year |
Reclassification/transfer | ( |
) |
At 31 December 2015 |
NET BOOK VALUE |
At 31 December 2015 |
At 31 December 2014 |
Wings & Wheels Limited (Registered number: 01318654) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
3. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
Revaluations |
Reclassification/transfer |
At 31 December 2015 |
DEPRECIATION |
Revaluation adjustments | ( |
) |
Reclassification/transfer |
At 31 December 2015 |
NET BOOK VALUE |
At 31 December 2015 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.15 | 31.12.14 |
value: | £ | £ |
Ordinary | £1 |
5. | ULTIMATE CONTROLLING PARTY |
The company is |