Abbreviated Company Accounts - W & P LIMITED

04614118 W & P LIMITED 2014-02-28 false 2013-03-01 2014-02-28 true 04614118 2013-03-01 2014-02-28 04614118 2014-02-28 04614118 2013-02-28 04614118 uk-gaap-cd-bus:Director1 2013-03-01 2014-02-28 04614118 uk-gaap-cd-bus:Director2 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2013-02-28 uk-gaap-cd-bus:OrdinaryShareClass3 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass3 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass3 2013-02-28 iso4217:GBP shares

Registered Number 04614118

W & P LIMITED

Abbreviated Accounts

28 February 2014

W & P LIMITED Registered Number 04614118

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	4,375	8,750
Tangible assets	3	854	1,458
		5,229	10,208
Current assets
Debtors		51,602	14,114
Cash at bank and in hand		51,489	65,811
		103,091	79,925
Creditors: amounts falling due within one year		(44,391)	(67,570)
Net current assets (liabilities)		58,700	12,355
Total assets less current liabilities		63,929	22,563
Provisions for liabilities		(1,695)	(1,355)
Total net assets (liabilities)		62,234	21,208
Capital and reserves
Called up share capital	4	202	201
Profit and loss account		62,032	21,007
Shareholders' funds		62,234	21,208

For the year ending 28 February 2014 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 25 November 2014

And signed on their behalf by:
S C Watson, Director

W & P LIMITED Registered Number 04614118

Notes to the Abbreviated Accounts for the period ended 28 February 2014

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 comprises commissions and fees receivable. Commissions and fees are credited to the profit and loss account in the period in which the related policy is adopted by the client subject to acceptance by the insurance company concerned

Tangible assets depreciation policy
Equipment 15-30% per annum reducing balance

Intangible assets amortisation policy
Goodwill - over 12 years straight line

2Intangible fixed assets

	£
Cost
At 1 March 2013	52,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	52,500
Amortisation
At 1 March 2013	43,750
Charge for the year	4,375
On disposals	-
At 28 February 2014	48,125
Net book values
At 28 February 2014	4,375
At 28 February 2013	8,750

3Tangible fixed assets

	£
Cost
At 1 March 2013	4,406
Additions	-
Disposals	(1,739)
Revaluations	-
Transfers	-
At 28 February 2014	2,667
Depreciation
At 1 March 2013	2,948
Charge for the year	366
On disposals	(1,501)
At 28 February 2014	1,813
Net book values
At 28 February 2014	854
At 28 February 2013	1,458

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
200 Ordinary shares of £1 each	200	200
1 Dividend share of £1 each	1	1
1 Special shares of £1 each (0 shares for 2013)	1	0