Abbreviated Company Accounts - WILDMAN PROJECT LIMITED

WILDMAN PROJECT LIMITED - Company Information

Registered Number 09137552

WILDMAN PROJECT LIMITED

Abbreviated Accounts

31 July 2016

WILDMAN PROJECT LIMITED Registered Number 09137552

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	40,355	29,947
		40,355	29,947
Current assets
Stocks		3,698	2,922
Debtors		26,809	16,824
Cash at bank and in hand		70,405	1,383
		100,912	21,129
Creditors: amounts falling due within one year		(52,257)	(51,116)
Net current assets (liabilities)		48,655	(29,987)
Total assets less current liabilities		89,010	(40)
Total net assets (liabilities)		89,010	(40)
Capital and reserves
Called up share capital		1,667	100
Share premium account		148,433	-
Profit and loss account		(61,090)	(140)
Shareholders' funds		89,010	(40)

For the year ending 31 July 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 July 2017

And signed on their behalf by:
Christoper Wyles, Director

WILDMAN PROJECT LIMITED Registered Number 09137552

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, 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 comprises revenue recognised by the company in respect of goods and services supplied
during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Plant and machinery - straight line over 5 years
Motor vehicles - 20% reducing balance
Office equipment - straight line over 3 years

Other accounting policies
Operating leases
Rentals under operating leases are charged to the Profit and loss account on a straight line basis
over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a
straight line basis over the period until the date the rent is expected to be adjusted to the prevailing
market rate.

Stock
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of
fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 August 2015	37,537
Additions	22,498
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	60,035
Depreciation
At 1 August 2015	7,590
Charge for the year	12,090
On disposals	-
At 31 July 2016	19,680
Net book values
At 31 July 2016	40,355
At 31 July 2015	29,947