Abbreviated Company Accounts - WAHEGURU TRADING LTD

WAHEGURU TRADING LTD - Company Information

Registered Number 07907894

WAHEGURU TRADING LTD

Abbreviated Accounts

29 February 2016

WAHEGURU TRADING LTD Registered Number 07907894

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,018	-
		4,018	-
Current assets
Stocks		21,650	20,350
Cash at bank and in hand		15,977	5,127
		37,627	25,477
Creditors: amounts falling due within one year		(1,237)	0
Net current assets (liabilities)		36,390	25,477
Total assets less current liabilities		40,408	25,477
Creditors: amounts falling due after more than one year		(38,907)	(28,719)
Total net assets (liabilities)		1,501	(3,242)
Capital and reserves
Called up share capital		1	1
Profit and loss account		1,500	(3,243)
Shareholders' funds		1,501	(3,242)

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 accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 October 2016

And signed on their behalf by:
Mr Nirmal Singh Ahuja, Director

WAHEGURU TRADING LTD Registered Number 07907894

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Motor vehicles (VAN) 18% straight line

Other accounting policies
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 March 2015	-
Additions	4,900
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	4,900
Depreciation
At 1 March 2015	-
Charge for the year	882
On disposals	-
At 29 February 2016	882
Net book values
At 29 February 2016	4,018
At 28 February 2015	-

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Motor vehicles (VAN) 18% straight line