Wayward Lad Limited - Limited company - abbreviated - 11.6
Wayward Lad Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2014 |
| FOR |
| WAYWARD LAD LIMITED |
| WAYWARD LAD LIMITED (REGISTERED NUMBER: 05092459) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MARCH 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| WAYWARD LAD LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| WAYWARD LAD LIMITED (REGISTERED NUMBER: 05092459) |
| ABBREVIATED BALANCE SHEET |
| 31ST MARCH 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors on by: |
| WAYWARD LAD LIMITED (REGISTERED NUMBER: 05092459) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MARCH 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts |
| where turnover is recognised when the company obtains the right to consideration. |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Depreciation is provided on freehold properties based upon the difference between book value and estimated |
| residual value charged over the estimated useful life of the property. The director is of the opinion that the |
| buildings are maintained to such a standard that their estimated residual value is not less than their cost, and |
| therefore no depreciation is charged as it is not material. |
| Deferred tax |
| Deferred taxation has not been provided in these accounts as, in the opinion of the director, there is reasonable |
| probability that the asset will not arise in the foreseeable future. This does not comply with Financial Reporting |
| Standard for Smaller Entities (effective April 2008) para 9.4. If full provision for deferred taxation was made in |
| these accounts, there would be a liability as at 31 March 2014 of £1,945 (2013: £1,562). |
| 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 the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st April 2013 |
| Additions |
| At 31st March 2014 |
| DEPRECIATION |
| At 1st April 2013 |
| Charge for year |
| At 31st March 2014 |
| NET BOOK VALUE |
| At 31st March 2014 |
| At 31st March 2013 |
| WAYWARD LAD LIMITED (REGISTERED NUMBER: 05092459) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Alloted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| Value | £ | £ |
| 49 | Ordinary | 1p | 1 | 1 |
| 1 | A Ordinary | 1p | - | - |
| 1 | B Ordinary | 1p | - | - |
| 1 | C Ordinary | 1p | - | - |
| 1 | D Ordinary | 1p | - | - |
| 48 | E Ordinary | 1p | - | - |
| 1 | 1 |
| 4. | RELATED PARTY DISCLOSURES |
| The company was controlled throughout the period under review by the directors, by virtue of the fact that they |
| own the majority of the voting share capital of the company. |
| Interim dividends of £38,600 voted during the year were credited to the M Glenny's loan account (2013: |
| £45,000) and £34,205 to K Lang's loan account (2013: £Nil). At 1 April 2013 the company owed the directors |
| £326. During the year the company repaid part of this loan. As at the balance sheet date the company owed the |
| directors £2. This loan is interest free and repayable on demand. |
| In addition interim dividends totalling £7,260 (2013: £12,900) were paid to close family members of M Glenny. |