Company Registration No. 6752705 (England and Wales)
W.A.K. ENTERPRISE LIMITED
Abbreviated unaudited accounts
for the year ended 30 November 2016
W.A.K. ENTERPRISE LIMITED
Abbreviated Balance Sheet
as at 30 November 2016
Intangible assets
37,440
53,040
Tangible assets
4,730
1,878
Cash at bank and in hand
48,632
15,787
Creditors: amounts falling due within one year
(52,583)
(48,411)
Net current assets/(liabilities)
3,109
(25,945)
Called up share capital
100
100
Profit and loss account
45,179
28,873
Total shareholders' funds
45,279
28,973
For the year ending 30 November 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 15 August 2017
Wahid Murtaza
Director
Company Registration No. 6752705
W.A.K. ENTERPRISE LIMITED
Notes to the Abbreviated Accounts
for the year ended 30 November 2016
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Fixtures & fittings
15% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
At 30 November 2016
78,000
Charge for the year
15,600
At 30 November 2016
40,560
At 30 November 2016
37,440
At 30 November 2015
53,040
W.A.K. ENTERPRISE LIMITED
Notes to the Abbreviated Accounts
for the year ended 30 November 2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
