W Connect Limited - Abbreviated accounts 16.3
W Connect Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2016 |
| FOR |
| W CONNECT LIMITED |
| W CONNECT LIMITED (REGISTERED NUMBER: 07844479) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 28 February 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| W CONNECT LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 28 February 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| W CONNECT LIMITED (REGISTERED NUMBER: 07844479) |
| ABBREVIATED BALANCE SHEET |
| 28 February 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| W CONNECT LIMITED (REGISTERED NUMBER: 07844479) |
| ABBREVIATED BALANCE SHEET - continued |
| 28 February 2016 |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| W CONNECT LIMITED (REGISTERED NUMBER: 07844479) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 28 February 2016 |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Bloodstock is included at the year end valuation. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not |
| reversed at the balance sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2015 |
| Impairments | (165,000 | ) |
| At 28 February 2016 |
| DEPRECIATION |
| At 1 March 2015 |
| Impairments | ( |
) |
| At 28 February 2016 |
| NET BOOK VALUE |
| At 28 February 2016 |
| At 28 February 2015 |
| W CONNECT LIMITED (REGISTERED NUMBER: 07844479) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 28 February 2016 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 March 2015 | 2 |
| Disposals | (2 | ) |
| At 28 February 2016 | - |
| NET BOOK VALUE |
| At 28 February 2016 |
| At 28 February 2015 |
| 4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 6. | ULTIMATE PARENT COMPANY |
| parent company. |
| 7. | GOING CONCERN |
| The companies liabilities exceed the companies assets by £927,665. The company therefore |
| continues with the support of the parent company, W Investment Group Limited. |