Abbreviated Company Accounts - WESSAR (INTERNATIONAL) LIMITED

Abbreviated Company Accounts - WESSAR (INTERNATIONAL) LIMITED

WESSAR (INTERNATIONAL) LIMITED - Company Information

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Registered Number 07733291

WESSAR (INTERNATIONAL) LIMITED

Abbreviated Accounts

31 August 2016

WESSAR (INTERNATIONAL) LIMITED Registered Number 07733291

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 3,605 31,322
3,605 31,322
Current assets
Debtors 1,128 842
Cash at bank and in hand 2,455 2,333
3,583 3,175
Creditors: amounts falling due within one year (40,117) (39,985)
Net current assets (liabilities) (36,534) (36,810)
Total assets less current liabilities (32,929) (5,488)
Creditors: amounts falling due after more than one year (254,779) (255,689)
Total net assets (liabilities) (287,708) (261,177)
Capital and reserves
Called up share capital 100 100
Profit and loss account (287,808) (261,277)
Shareholders' funds (287,708) (261,177)
  • For the year ending 31 August 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 24 May 2017

And signed on their behalf by:
S Sartin, Director

WESSAR (INTERNATIONAL) LIMITED Registered Number 07733291

Notes to the Abbreviated Accounts for the period ended 31 August 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 January 2015

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: App development costs - 20% straight line. Fixtures, fittings and equipment - 25% reducing balance.

2Tangible fixed assets
£
Cost
At 1 September 2015 142,163
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 142,163
Depreciation
At 1 September 2015 110,841
Charge for the year 27,717
On disposals -
At 31 August 2016 138,558
Net book values
At 31 August 2016 3,605
At 31 August 2015 31,322