The Watch Geek Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09281918 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 27 October 2014 to 28 February 2016

for

The Watch Geek Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Dr M Todman

SECRETARY:

REGISTERED OFFICE:

20-22 Wenlock Road

London

England

N1 7GU

REGISTERED NUMBER:

09281918 (England and Wales)

ACCOUNTANTS:

Rimmington Thomson Partnership

13 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Tangible assets

2

418

CURRENT ASSETS

Stocks

8,030

Debtors

1,267

Cash at bank

2,667

11,964

CREDITORS

Amounts falling due within one year

29,037

NET CURRENT LIABILITIES

(17,073

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,655

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(16,656

)

SHAREHOLDERS' FUNDS

(16,655

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 25 July 2016 and were signed by:

Dr M Todman - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

624

At 28 February 2016

624

DEPRECIATION

Charge for period

206

At 28 February 2016

206

NET BOOK VALUE

At 28 February 2016

418

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was issued during the period for cash of £ 1 .