The Website Business Ltd - Period Ending 2016-08-31

Registration number: 05538294

The Website Business Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

Deseret Accountants Limited
4 Thorpe Court
Thorpe Waterville
Kettering
Northamptonshire
NN14 3ED

The Website Business Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

The Website Business Ltd
(Registration number: 05538294)
Abbreviated Balance Sheet at 31 August 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,239			1,652
Current assets
Debtors					22,566			12,525
Cash at bank and in hand					18,744			31,803
					41,310			44,328
Creditors: Amounts falling due within one year					(6,276)			(9,226)
Net current assets					35,034			35,102
Total assets less current liabilities					36,273			36,754
Creditors: Amounts falling due after more than one year					(22,011)			(8,901)
Net assets					14,262			27,853
Capital and reserves
Called up share capital		3			10			10
Profit and loss account					14,252			27,843
Shareholders' funds					14,262			27,853

For the year ending 31 August 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 director acknowledges his 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 director on 21 January 2017

.........................................
Mr R Taylor
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

The Website Business Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1	Accounting policies

Basis of preparation

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

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

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset class	Depreciation method and rate
Office equipment etc	25% on reducing balance

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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

The Website Business Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2015		12,205			12,205
At 31 August 2016		12,205			12,205
Depreciation
At 1 September 2015		10,553			10,553
Charge for the year		413			413
At 31 August 2016		10,966			10,966
Net book value
At 31 August 2016		1,239			1,239
At 31 August 2015		1,652			1,652

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3