WP Associates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06335062 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

WP ASSOCIATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs S Wright

C T Wright

Mrs G Tahirovic

SECRETARY:

Mrs S Wright

REGISTERED OFFICE:

8 Twisleton Court

Priory Hill

Dartford

Kent

DA1 2EN

REGISTERED NUMBER:

06335062 (England and Wales)

ACCOUNTANTS:

Blue Rocket Accounting

Chartered Tax Advisers and Accountants

8 Twisleton Court

Priory Hill

Dartford

Kent

DA1 2EN

FIXED ASSETS

Tangible assets

2

2,899

1,513

CURRENT ASSETS

Debtors

49,714

64,940

Cash at bank

510,655

506,794

560,369

571,734

CREDITORS

Amounts falling due within one year

344,684

449,244

NET CURRENT ASSETS

215,685

122,490

TOTAL ASSETS LESS CURRENT
LIABILITIES

218,584

124,003

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

218,580

123,999

SHAREHOLDERS' FUNDS

218,584

124,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 21 July 2016 and were signed on its
behalf by:

Mrs S Wright - 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 receivable sales of education welfare services, excluding value added tax.

Turnover is recognised according to the date the education welfare services are delivered to clients.

Un-invoiced services at the year end are included in accrued income. Invoiced services that remain

unpaid at the year-end are included in debtors. Where customers pay in advance for services, the

amount is recorded as deferred income until the service has been delivered.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

3,919

Additions

1,767

At 31 March 2016

5,686

DEPRECIATION

At 1 April 2015

2,406

Charge for year

381

At 31 March 2016

2,787

NET BOOK VALUE

At 31 March 2016

2,899

At 31 March 2015

1,513

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

2

Ordinary

1

2

1

Ordinary A

1

Ordinary B

1

4

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

31/3/16

31/3/15

£

Mrs G Tahirovic

Balance outstanding at start of year

-

Amounts advanced

8,921

-

Amounts repaid

-

Balance outstanding at end of year

8,921

-