Abbreviated Company Accounts - SHIPLY WORLDWIDE LTD

Abbreviated Company Accounts - SHIPLY WORLDWIDE LTD


Registered Number 07998058

SHIPLY WORLDWIDE LTD

Abbreviated Accounts

31 March 2016

SHIPLY WORLDWIDE LTD Registered Number 07998058

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Current assets
Debtors 435,764 299,192
435,764 299,192
Creditors: amounts falling due within one year (41,375) (57,615)
Net current assets (liabilities) 394,389 241,577
Total assets less current liabilities 394,389 241,577
Total net assets (liabilities) 394,389 241,577
Capital and reserves
Called up share capital 2 1 1
Profit and loss account 394,388 241,576
Shareholders' funds 394,389 241,577
  • 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 30 December 2016

And signed on their behalf by:
R P Matthams, Director

SHIPLY WORLDWIDE LTD Registered Number 07998058

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have
been prepared under the historical cost convention and in accordance with the Financial Reporting
Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied
during the year, exclusive of Value Added Tax and trade discounts.

Other accounting policies
FOREIGN CURRENCIES

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the
transaction.

Exchange gains and losses are recognised in the Profit and Loss Account.

2Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1 Ordinary shares of £1 each 1 1