Abbreviated Company Accounts - WECONOMICS LIMITED

WECONOMICS LIMITED - Company Information

07723456 WECONOMICS LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true 07723456 2015-09-01 2016-08-31 07723456 2016-08-31 07723456 2015-08-31 07723456 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 07723456 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number 07723456

WECONOMICS LIMITED

Abbreviated Accounts

31 August 2016

WECONOMICS LIMITED Registered Number 07723456

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	556	834
		556	834
Current assets
Debtors		20,315	9,772
		20,315	9,772
Creditors: amounts falling due within one year		(18,152)	(8,665)
Net current assets (liabilities)		2,163	1,107
Total assets less current liabilities		2,719	1,941
Total net assets (liabilities)		2,719	1,941
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		2,619	1,841
Shareholders' funds		2,719	1,941

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 31 May 2017

And signed on their behalf by:
C J Pienaar, Director

WECONOMICS LIMITED Registered Number 07723456

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 April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

2Tangible fixed assets

	£
Cost
At 1 September 2015	1,112
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	1,112
Depreciation
At 1 September 2015	278
Charge for the year	278
On disposals	-
At 31 August 2016	556
Net book values
At 31 August 2016	556
At 31 August 2015	834

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100