Weird Iron Ltd - Period Ending 2016-02-29

Registration number: 08400257

Weird Iron Ltd

Unaudited Abbreviated Accounts

for the Year Ended 29 February 2016
 

AIMS Accountants for Business
Beaufort House
113 Parson St
Bristol
BS3 5QH

Weird Iron Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Management Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Weird Iron Ltd
for the Year Ended 29 February 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Weird Iron Ltd for the year ended 29 February 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Weird Iron Ltd , as a body, in accordance with the terms of our engagement letter dated 9 August 2013 . Our work has been undertaken solely to prepare for your approval the accounts of Weird Iron Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Weird Iron Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Weird Iron Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Weird Iron Ltd. You consider that Weird Iron Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Weird Iron Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

AIMS Accountants for Business
Beaufort House
113 Parson St
Bristol
BS3 5QH

10 June 2016

Page 1

Weird Iron Ltd
(Registration number: 08400257)
Abbreviated Balance Sheet at 29 February 2016

		Note			2016 £			2015 £
Current assets
Debtors					15			9,000
Cash at bank and in hand					35,895			61,099
					35,910			70,099
Creditors: Amounts falling due within one year					(3,203)			(20,920)
Net assets					32,707			49,179
Capital and reserves
Called up share capital		2			1			1
Profit and loss account					32,706			49,178
Shareholders' funds					32,707			49,179

For the year ending 29 February 2016 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 director acknowledges his 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 director on 10 June 2016

.........................................
Stuart McBride
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Weird Iron Ltd
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of flat rate value added tax, in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 3