Abbreviated Company Accounts - WIRE MAGAZINE LIMITED(THE)

Abbreviated Company Accounts - WIRE MAGAZINE LIMITED(THE)

WIRE MAGAZINE LIMITED(THE) - Company Information

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Registered Number 01811247

WIRE MAGAZINE LIMITED(THE)

Abbreviated Accounts

30 June 2016

WIRE MAGAZINE LIMITED(THE) Registered Number 01811247

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 4,394 5,492
4,394 5,492
Current assets
Stocks 929 929
Debtors 267,215 263,198
Cash at bank and in hand 21,056 20,396
289,200 284,523
Creditors: amounts falling due within one year (273,411) (267,280)
Net current assets (liabilities) 15,789 17,243
Total assets less current liabilities 20,183 22,735
Provisions for liabilities (712) (895)
Total net assets (liabilities) 19,471 21,840
Capital and reserves
Called up share capital 250,000 250,000
Profit and loss account (230,529) (228,160)
Shareholders' funds 19,471 21,840
  • For the year ending 30 June 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 29 March 2017

And signed on their behalf by:
A Herrington, Director

WIRE MAGAZINE LIMITED(THE) Registered Number 01811247

Notes to the Abbreviated Accounts for the period ended 30 June 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 represents net invoiced sales of goods, excluding value added tax.

2Tangible fixed assets
£
Cost
At 1 July 2015 61,203
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 61,203
Depreciation
At 1 July 2015 55,711
Charge for the year 1,098
On disposals -
At 30 June 2016 56,809
Net book values
At 30 June 2016 4,394
At 30 June 2015 5,492