WEBREE.COM_LTD. - Accounts

WEBREE.COM LTD. - Company Information

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Company Registration No. 02711352 (England and Wales)

WEBREE.COM LTD.

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

WEBREE.COM LTD.

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WEBREE.COM LTD.

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

20,493

17,083

Current assets

Stocks

3,000

2,110

Debtors

45,307

67,822

Cash at bank and in hand

47,298

50,565

95,605

120,497

Creditors: amounts falling due within one year

(31,333)

(57,719)

Net current assets

64,272

62,778

Total assets less current liabilities

84,765

79,861

Creditors: amounts falling due after more than one year

(148,516)

(148,514)

(63,751)

(68,653)

Capital and reserves

Called up share capital

1,518

1,520

Profit and loss account

(65,269)

(70,173)

Shareholders' funds

(63,751)

(68,653)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 December 2016

Mr C N Dockree

Director

Company Registration No. 02711352

WEBREE.COM LTD.

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

10% - 15% reducing balance

1.4

Going concern

These accounts have been prepared under the going concern concept, although they show net liabilities. The director considers that action has been taken to assist the company to be profitable and that it will be able to trade out of its present position, with the support of the director.

Fixed assets

Tangible assets

Cost

At 1 April 2015

66,613

Additions

6,504

At 31 March 2016

73,117

Depreciation

At 1 April 2015

49,529

Charge for the year

3,095

At 31 March 2016

52,624

Net book value

At 31 March 2016

20,493

At 31 March 2015

17,083

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total not repayable by instalments and due in more than five years

149,776

139,466

WEBREE.COM LTD.

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1,500 A Ordinary of £1 each

1,500

18 Class B Preference of £1 each

1,518

1,520