Webbo Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05348444 (England and Wales)

Unaudited Financial Statements for the Year Ended 28th February 2017

for

Webbo Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

I G Webster

Mrs T J Webster

SECRETARY:

Mrs T J Webster

REGISTERED OFFICE:

34 Lawrence Close

Cranage

Crewe

Cheshire

CW4 8FA

REGISTERED NUMBER:

05348444 (England and Wales)

FIXED ASSETS

Tangible assets

4

626

1,561

CURRENT ASSETS

Debtors

31,830

25,167

Cash at bank

5,712

10,239

37,542

35,406

CREDITORS

Amounts falling due within one year

29,510

36,232

NET CURRENT ASSETS/(LIABILITIES)

8,032

(826

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,658

735

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

8,656

733

SHAREHOLDERS' FUNDS

8,658

735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2017 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28th February 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18th July 2017 and were signed on its behalf by:

I G Webster - Director

1.	STATUTORY INFORMATION

Webbo Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost and Straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st March 2016

11,899

Additions

813

Disposals

(6,697

)

At 28th February 2017

6,015

DEPRECIATION

At 1st March 2016

10,338

Charge for year

405

Eliminated on disposal

(5,354

)

At 28th February 2017

5,389

NET BOOK VALUE

At 28th February 2017

626

At 29th February 2016

1,561

5.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention

and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2015) as at 1st

April 2016

Reconciliation of equity

No transitional adjustments were required

Reconciliation of Profit or loss for the year

No reconciliation of profit or loss were required