Wildtrax Audio Limited Accounts

WILDTRAX AUDIO LTD - Company Information






Wildtrax Audio Limited
	Company No. 09055258
		Abbreviated Accounts
		31 May 2016

at	31 May 2016

Company No.		09055258	Notes	2016	2015
				£	£
Fixed assets
	Intangible assets		2	10,000	10,000
	Tangible assets		2	43,206	35,765

				53,206	45,765
Current assets



	Cash at bank and in hand			52,165	112,297
				52,165	112,297
Creditors: Amounts falling due within one year				(35,568)	(120,238)
Net current assets/(liabilities)				16,597	(7,941)
Total assets less current liabilities				69,803	37,824




Net assets				69,803	37,824

Capital and reserves
	Called up share capital		3	100	100



	Profit and loss account			69,703	37,724

Shareholders' funds				69,803	37,824

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 31 May 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 17 February 2017

And signed on its behalf by:

K.J. Walsh
Director
17 February 2017

for the year ended 31 May 2016

Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible fixed assets and depreciation

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

Plant and machinery

15% Reducing balance

Intangible fixed assets and amortisation

Intangible fixed assets (including purchased goodwill, patents and trademarks and research and development costs) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an assets may not be fully recoverable.

2	Fixed assets
		Intangible fixed assets	Tangible fixed assets	Total
		£	£	£
	Cost or revaluation
	At 1 June 2015	10,000	42,076	52,076
	Additions	-	15,066	15,066



	At 31 May 2016	10,000	57,142	67,142
	Amortisation
	At 1 June 2015	-	6,311	6,311
	Charge for the year	-	7,625	7,625



	At 31 May 2016	-	13,936	13,936
	Net book values
	At 31 May 2016	10,000	43,206	53,206
	At 31 May 2015	10,000	35,765	45,765

3	Share Capital
		Nominal value	2016	2016	2015
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary	1.00	100	100	100




				100	100