Abbreviated Company Accounts - WHARTON ELECTRONICS LIMITED

WHARTON ELECTRONICS LIMITED - Company Information

04221564 WHARTON ELECTRONICS LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 04221564 2015-07-01 2016-06-30 04221564 2016-06-30 04221564 2015-06-30 04221564 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 04221564 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 04221564

WHARTON ELECTRONICS LIMITED

Abbreviated Accounts

30 June 2016

WHARTON ELECTRONICS LIMITED Registered Number 04221564

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	80,000	108,000
Tangible assets	3	5,500	7,500
		85,500	115,500
Current assets
Stocks		9,620	-
Debtors		124,088	354,397
Cash at bank and in hand		620,466	605,631
		754,174	960,028
Creditors: amounts falling due within one year		(532,291)	(731,724)
Net current assets (liabilities)		221,883	228,304
Total assets less current liabilities		307,383	343,804
Total net assets (liabilities)		307,383	343,804
Capital and reserves
Called up share capital	4	195	195
Profit and loss account		307,188	343,609
Shareholders' funds		307,383	343,804

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 9 May 2017

And signed on their behalf by:
E S Wharton, Director

WHARTON ELECTRONICS LIMITED Registered Number 04221564

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 comprises the invoiced value of goods & services supplied by the company net of value added tax.

Tangible assets depreciation policy
Depreciation is provided at a rate of 25% on the reducing balance basis.

Intangible assets amortisation policy
Amortisation is provided at a rate of 10% over the asset's estimated useful life.

2Intangible fixed assets

	£
Cost
At 1 July 2015	280,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	280,000
Amortisation
At 1 July 2015	172,000
Charge for the year	28,000
On disposals	-
At 30 June 2016	200,000
Net book values
At 30 June 2016	80,000
At 30 June 2015	108,000

3Tangible fixed assets

	£
Cost
At 1 July 2015	30,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	30,000
Depreciation
At 1 July 2015	22,500
Charge for the year	2,000
On disposals	-
At 30 June 2016	24,500
Net book values
At 30 June 2016	5,500
At 30 June 2015	7,500

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
195 Ordinary shares of £1 each	195	195