Wise Guys Ltd. - Abbreviated accounts 16.1

REGISTERED NUMBER: 03906273 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 April 2016

for

WISE GUYS LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K Guy

SECRETARY:

T Paddenburg

REGISTERED OFFICE:

100 Church Street

Brighton

East Sussex

BN1 1UJ

REGISTERED NUMBER:

03906273 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co.

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Tangible assets

2

1,355

1,745

CURRENT ASSETS

Debtors

419

3,294

Cash at bank

42,423

903

42,842

4,197

CREDITORS

Amounts falling due within one year

60,840

36,962

NET CURRENT LIABILITIES

(17,998

)

(32,765

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,643

)

(31,020

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(16,743

)

(31,120

)

SHAREHOLDERS' FUNDS

(16,643

)

(31,020

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 2 October 2016 and were signed by:

K Guy - 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 services, 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.

Fixtures and fittings

-

15% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

7,365

DEPRECIATION

At 1 May 2015

5,620

Charge for year

390

At 30 April 2016

6,010

NET BOOK VALUE

At 30 April 2016

1,355

At 30 April 2015

1,745

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

4.	CONTROLLING PARTY

The company is controlled by K Guy, its sole director and the holder of 80% of the share capital.