WRAPTHEWORLD_LIMITED - Accounts

WRAPTHEWORLD LTD. - Company Information

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Company Registration No. SC413155 (Scotland)

WRAPTHEWORLD LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

WRAPTHEWORLD LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

WRAPTHEWORLD LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Current assets

Debtors

15,871

20,510

Cash at bank and in hand

4,123

4,402

19,994

24,912

Creditors: amounts falling due within one year

(8,079)

(8,511)

Total assets less current liabilities

11,915

16,401

Capital and reserves

Called up share capital

100

Profit and loss account

11,815

16,301

Shareholders' funds

11,915

16,401

For the financial year ended 31 December 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 members have 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 28 July 2016

N Butler

Director

Company Registration No. SC413155

WRAPTHEWORLD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 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 January 2015).

1.2

Turnover

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

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Share of £1 each

100

Related party relationships and transactions

Other transactions

During the year the company had sales income of £43,200 (2014 - £45,400) from U Z Arts Limited, a charity in which N Butler is a trustee.