Company Registration No. 03229692 (England and Wales)
WTG (UK) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
WTG (UK) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
WTG (UK) LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
8,720
10,900
Tangible assets
2
3,397
2,055
12,117
12,955
Current assets
Debtors
600
-
Cash at bank and in hand
50,985
57,961
51,585
57,961
Creditors: amounts falling due within one year
(31,445)
(27,370)
Net current assets
20,140
30,591
Total assets less current liabilities
32,257
43,546
Provisions for liabilities
(679)
(411)
31,578
43,135
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
31,478
43,035
Shareholder's funds
31,578
43,135
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 April 2017
William Terence Geelan
Director
Company Registration No. 03229692
WTG (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 July 2015
10,900
2,740
13,640
Additions
-
2,092
2,092
At 30 June 2016
10,900
4,832
15,732
Depreciation
At 1 July 2015
-
685
685
Charge for the year
2,180
750
2,930
At 30 June 2016
2,180
1,435
3,615
Net book value
At 30 June 2016
8,720
3,397
12,117
At 30 June 2015
10,900
2,055
12,955
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
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