Accounts filed on 29-02-2016

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			Company registration number:04910559
			WOK & ROLL LTD
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 29 February 2016

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WOK & ROLL LTD
BALANCE SHEET
AS AT 29 February 2016
			2016				2015
		Notes	£		£		£		£
FIXED ASSETS
Intangible assets		2			12,548				14,098
Tangible assets		3			2,474				2,911
					15,022				17,009
CURRENT ASSETS
Stocks			900				750
Debtors			4,508				4,657
Cash at bank and in hand			71,998				37,150
			77,406				42,557
CREDITORS
Amounts falling due within one year			(44,936)				(40,709)
NET CURRENT ASSETS					32,470				1,848
TOTAL ASSETS LESS
CURRENT LIABILITIES					47,492				18,857
Creditors falling due after one year					(10,000)				(10,000)
PROVISIONS FOR LIABILITIES					(495)				(582)
NET ASSETS					36,997				8,275
CAPITAL AND RESERVES
Called-up equity share capital		4			100				100
Profit and loss account					36,897				8,175
SHAREHOLDERS FUNDS					36,997				8,275
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Approved by the board of directors on 30 August 2016 and signed on its behalf.
..........................................................................
Mr Julian Lai
30 August 2016
The annexed notes form part of these financial statements.

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WOK & ROLL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

1.

Accounting policies

Basis of preparing the financial statements

The accounts 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 sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the

Intangible assets

Goodwill is being written off in equal annual instalments over its estimate economic life of 20 years.

Fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures and Fittings 15 % reducing balance basi

Stocks and work In progress

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Deferred taxation

Provision is made for taxation deferred as a result of material timing differences between the incidence of income and expenditure for taxation purposes, using the liability method, only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the near future.

2.	Intangible fixed assets
				Total
	Cost
	At start of period			30,999
	At end of period			30,999
	Amortisation
	At start of period			16,901
	Provided during the period			1,550
	At end of period			18,451
	Net Book Values
	At start of period			14,098
	At end of period			12,548

3.	Tangible fixed assets
				Total
	Cost
	At start of period			9,847
	At end of period			9,847
	Depreciation
	At start of period			6,936
	Provided during the period			437
	At end of period			7,373
	Net Book Value
	At start of period			2,911
	At end of period			2,474

4.	Share capital				Allotted, issued and fully paid
					2016	2015
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100
5.	Ultimate controlling party
	The company is ultimately controlled by Mr Kin Wai Liu and Mr Julian Lai.