Wysetech Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05084366 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Wysetech Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D. R. Ford-Young

SECRETARY:

A. M. De Vally-King

REGISTERED OFFICE:

42 The Arches

Alma Road

Windsor

Berkshire

SL4 1QZ

REGISTERED NUMBER:

05084366 (England and Wales)

ACCOUNTANTS:

Ingwe Services Limited

Pentax House

South Hill Avenue

South Harrow

Middlesex

HA2 0DU

FIXED ASSETS

Tangible assets

2

5,081

5,357

CURRENT ASSETS

Stocks

55,350

32,800

Debtors

29,320

43,754

Cash at bank

69,954

67,571

154,624

144,125

CREDITORS

Amounts falling due within one year

101,721

92,615

NET CURRENT ASSETS

52,903

51,510

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,984

56,867

PROVISIONS FOR LIABILITIES

763

NET ASSETS

57,221

56,104

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

57,219

56,102

SHAREHOLDERS' FUNDS

57,221

56,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

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 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 23 September 2016 and were signed by:

D. R. Ford-Young - 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

-

25% on cost and 10% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in operational

existence for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in

preparing the annual financial statements.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

22,864

DEPRECIATION

At 1 January 2015

17,507

Charge for year

276

At 31 December 2015

17,783

NET BOOK VALUE

At 31 December 2015

5,081

At 31 December 2014

5,357

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

2

Ordinary

£1

2