Made in Wonderland Limited Small abbreviated accounts

MADE IN WONDERLAND LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 05773606

MADE IN WONDERLAND LIMITED

ABBREVIATED ACCOUNTS

31 May 2016

ELLIOT, WOOLFE & ROSE

Chartered Accountants

Equity House

128-136 High Street

Edgware

Middlesex

HA8 7TT

MADE IN WONDERLAND LIMITED

ABBREVIATED BALANCE SHEET

31 May 2016

		2016		2015
Note		£	£	£
FIXED ASSETS	2
Intangible assets			-	-
Tangible assets			119,900	204,605
Investments			8	8
			----------	----------
			119,908	204,613
			----------	----------

CURRENT ASSETS

Stocks	32,628		9,919
Debtors	1,027,896		772,636
Cash at bank and in hand	233,483		272,282
	-------------		-------------
	1,294,007		1,054,837
CREDITORS: Amounts falling due within one year	672,932		500,192
	-------------		-------------
NET CURRENT ASSETS		621,075	554,645
		----------	----------
TOTAL ASSETS LESS CURRENT LIABILITIES		740,983	759,258

CREDITORS: Amounts falling due after more than one year	26,156	95,007
	----------	----------
	714,827	664,251
	----------	----------

CAPITAL AND RESERVES

Called up equity share capital	3	100	100
Profit and loss account		714,727	664,151
		----------	----------
SHAREHOLDERS' FUNDS		714,827	664,251
		----------	----------

For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 31 May 2017 , and are signed on their behalf by:

J Pisano R Darvell

Director Director

Company Registration Number: 05773606

MADE IN WONDERLAND LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 MAY 2016

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Intangible Assets - Nil

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold Property-12.5% straight line

Fixtures & Fittings-20% straight line basis

Equipment-33.3% straight line basis

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at a fixed rate of exchange. Exchange differences are taken into account at arriving at the operating profit.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

2. FIXED ASSETS

Intangible Assets	Tangible Assets	Investments	Total
£	£	£	£

COST

At 1 June 2015	31,139	383,746	8	414,893
Additions	–	786	–	786
	---------	----------	----	----------
At 31 May 2016	31,139	384,532	8	415,679
	---------	----------	----	----------

DEPRECIATION

At 1 June 2015	31,139	179,141	–	210,280
Charge for year	–	85,491	–	85,491
	---------	----------	----	----------
At 31 May 2016	31,139	264,632	–	295,771
	---------	----------	----	----------

NET BOOK VALUE

At 31 May 2016	–	119,900	8	119,908
	----	----------	----	----------

At 31 May 2015	–	204,605	8	204,613
	----	----------	----	----------

On 11 November 2014, the company acquired 75.1% of the issued share capital of The Wonderland Dream Factory Limited. The subsidiary reported a profit for the financial period of £63,176 and aggregate capital and reserves totalled (£20,650). Under the provision of section 248 of the Companies Act 1985 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity. Intercompany charges are made on an arms length basis for services and facilities used by the subsidiary during the year in the sum of £193,086.

3. SHARE CAPITAL

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----