Wedding Ring Workshop USA Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04909277 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

Wedding Ring Workshop USA Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S Lewis

V Seymour

E Denney

J Rose

REGISTERED OFFICE:

Office Suite 2

Bakehouse Mews

Market Hill

Rothwell

Northamptonshire

NN14 6BW

REGISTERED NUMBER:

04909277 (England and Wales)

ACCOUNTANTS:

Shipway & Co Ltd

Office Suite 2, Bakehouse Mews

Market Hill

Rothwell

Northamptonshire

NN14 6BW

FIXED ASSETS

Tangible assets

2

-

212

CURRENT ASSETS

Stocks

894

Debtors

3

1,709

721

Cash at bank

11,776

19,558

14,379

21,173

CREDITORS

Amounts falling due within one year

(2,571

)

(6,024

)

NET CURRENT ASSETS

11,808

15,149

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,808

15,361

CREDITORS

Amounts falling due after more than one
year

(3,493

)

-

NET ASSETS

8,315

15,361

CAPITAL AND RESERVES

Called up share capital

4

400

Profit and loss account

7,915

14,961

SHAREHOLDERS' FUNDS

8,315

15,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 February 2017 and were signed on its behalf
by:

S Lewis - Director

V Seymour - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

636

DEPRECIATION

At 1 June 2015

424

Charge for year

212

At 31 May 2016

636

NET BOOK VALUE

At 31 May 2016

-

At 31 May 2015

212

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 400

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31/5/16

31/5/15

value:

as restated

£

400

Share capital 1

1.00

400