Wedsat Financial Solutions Limited Small abbreviated accounts
Wedsat Financial Solutions Limited Small abbreviated accounts
COMPANY REGISTRATION NUMBER
06146714
ABBREVIATED BALANCE SHEET
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2016 |
2015 |
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Note |
£ |
£ |
£ |
CURRENT ASSETS
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Cash at bank and in hand |
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CREDITORS: Amounts falling due within one year |
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------- |
------- |
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NET CURRENT ASSETS |
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------- |
---- |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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------- |
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CAPITAL AND RESERVES
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Called up equity share capital |
2 |
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Profit and loss account |
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------- |
---- |
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SHAREHOLDERS' FUNDS |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts were approved and signed by the director and authorised for issue on
8 December 2016
.
Company Registration Number:
06146714
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 31 MARCH 2016
1.
ACCOUNTING POLICIES
Basis of accounting
Turnover
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.
SHARE CAPITAL
Allotted, called up and fully paid:
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2016 |
2015 |
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No. |
£ |
No. |
£ |
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CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE
DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY
ACCOUNTS OF
WEDSAT FINANCIAL SOLUTIONS LIMITED
YEAR ENDED 31 MARCH 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Wedsat Financial Solutions Limited for the year ended 31 March 2016 which comprise the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the director of Wedsat Financial Solutions Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the abbreviated accounts of Wedsat Financial Solutions Limited and state those matters that we have agreed to state to him in this report in accordance with AAF 02/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wedsat Financial Solutions Limited and its director for our work or for this report.
It is your duty to ensure that Wedsat Financial Solutions Limited has kept adequate accounting records and to prepare statutory abbreviated accounts that give a true and fair view of the assets, liabilities, financial position and profit of Wedsat Financial Solutions Limited. You consider that Wedsat Financial Solutions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the abbreviated accounts of Wedsat Financial Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abbreviated accounts.