Abbreviated Company Accounts - WISE UTILITY LTD

07686267 WISE UTILITY LTD 2016-03-31 false 2015-04-01 2016-03-31 true 07686267 2015-04-01 2016-03-31 07686267 2016-03-31 07686267 2015-03-31 07686267 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07686267 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 07686267

WISE UTILITY LTD

Abbreviated Accounts

31 March 2016

WISE UTILITY LTD Registered Number 07686267

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,068	2
		2,068	2
Current assets
Debtors		18,651	24,940
Cash at bank and in hand		42,822	40,686
		61,473	65,626
Creditors: amounts falling due within one year		(16,438)	(13,871)
Net current assets (liabilities)		45,035	51,755
Total assets less current liabilities		47,103	51,757
Total net assets (liabilities)		47,103	51,757
Capital and reserves
Called up share capital	3	30	30
Profit and loss account		47,073	51,727
Shareholders' funds		47,103	51,757

For the year ending 31 March 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 20 December 2016

And signed on their behalf by:
A Dewan, Director

WISE UTILITY LTD Registered Number 07686267

Notes to the Abbreviated Accounts for the period ended 31 March 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

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate

Computer equipment 33.33% straight line

Other accounting policies
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 April 2015	5,421
Additions	3,084
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	8,505
Depreciation
At 1 April 2015	5,419
Charge for the year	1,018
On disposals	-
At 31 March 2016	6,437
Net book values
At 31 March 2016	2,068
At 31 March 2015	2

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
30 Ordinary shares of £1 each	30	30