Bauwow Ltd - Period Ending 2016-06-30

Registration number: 09085828

Bauwow Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

JLH Financial Consultancy Ltd (t/a Julian Hobbs, Chartered Accountant)
2 The Quadrangle
Welwyn Garden City
Herts
AL8 6SG

Bauwow Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Bauwow Ltd
(Registration number: 09085828)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Current assets
Debtors					2,162			500
Cash at bank and in hand					18,065			10,090
					20,227			10,590
Creditors: Amounts falling due within one year					-			(10,750)
Total assets less current liabilities					20,227			(160)
Creditors: Amounts falling due after more than one year					(10,750)			-
Net assets/(liabilities)					9,477			(160)
Capital and reserves
Called up share capital		2			918			20
Share premium account					33,887			-
Profit and loss account					(25,328)			(180)
Shareholders' funds/(deficit)					9,477			(160)

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 31 March 2017 and signed on its behalf by:

.........................................
Mr Peter Curtis
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Bauwow Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 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).

Research and development

Research and development expenditure is written off as incurred.

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.

2	Share capital

Allotted, called up and fully paid shares
				2016		2015
			No.	£	No.	£
Ordinary shares of	£0.0001	each	888,333	888	20,000	20
Ordinary Non-Voting Shares of	£0.0001	each	30,000	30	-	-
			918,333	918	20,000	20

Redeemable Preference Share Capital:
On 15/7/15, 25,000 £0.001 redeemable preference shares were issued a for a total consideration of £10, 750. The shares are redeemable 3 years after issue at the option of the holder. These shares and the corresponding debt are disclosed as a liability in creditors.
Issue of Ordinary Share Capital
On 23/3/16, 113,333 ordinary shares were issued at a nominal value of £113 (£0.001 per share). A premium of
£33,887 (£0.30 per share) was paid on issue of the shares.
On 15/7/15, 755,000 non-voting ordinary shares were issued at par (£0.001 per share) for a nominal value of
£755

Issue of Ordinary Non-Voting shares
On 23/3/16 30,000 non-voting ordinary shares were issued at par for a nominal value of £30 (£0.001 each).
 

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