Wowme Brand & Packaging Design Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 05646220 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

WOWME BRAND & PACKAGING DESIGN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A White

Mr J Maycock

Mr J Weston

Mrs P Hope

SECRETARY:

Ms N Webb

REGISTERED OFFICE:

Hillside

Albion Street

CHIPPING NORTON

Oxfordshire

OX7 5BH

REGISTERED NUMBER:

05646220 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

33,050

45,616

CURRENT ASSETS

Stocks

9,609

19,930

Debtors

5

238,107

234,803

Cash at bank and in hand

105,021

109,142

352,737

363,875

CREDITORS

Amounts falling due within one year

6

139,464

178,249

NET CURRENT ASSETS

213,273

185,626

TOTAL ASSETS LESS CURRENT LIABILITIES

246,323

231,242

CREDITORS

Amounts falling due after more than one year

7

-

(2,300

)

PROVISIONS FOR LIABILITIES

9

(4,576

)

-

NET ASSETS

241,747

228,942

CAPITAL AND RESERVES

Called up share capital

10

900

900

Retained earnings

240,847

228,042

SHAREHOLDERS' FUNDS

241,747

228,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

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

The financial statements were approved by the Board of Directors on 28 September 2017 and were signed on its behalf by:

Mr J Maycock - Director

1.	STATUTORY INFORMATION

Wowme Brand & Packaging Design 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 9 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2016

10,494

16,799

81,409

108,702

Additions

-

-

13,091

13,091

Disposals

(496

)

-

(8,308

)

(8,804

)

At 31 December 2016

9,998

16,799

86,192

112,989

DEPRECIATION

At 1 January 2016

8,168

6,720

48,198

63,086

Charge for year

553

3,360

21,154

25,067

Eliminated on disposal

(378

)

-

(7,836

)

(8,214

)

At 31 December 2016

8,343

10,080

61,516

79,939

NET BOOK VALUE

At 31 December 2016

1,655

6,719

24,676

33,050

At 31 December 2015

2,326

10,079

33,211

45,616

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2016

and 31 December 2016

16,799

DEPRECIATION

At 1 January 2016

6,720

Charge for year

3,360

At 31 December 2016

10,080

NET BOOK VALUE

At 31 December 2016

6,719

At 31 December 2015

10,079

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

217,657

224,165

Other debtors

72

-

Tax

9,208

-

Prepayments and accrued income

11,170

10,638

238,107

234,803

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts (see note 8)

2,300

4,600

Trade creditors

32,099

64,176

Company credit card

1,372

1,779

Tax

58,652

72,189

Social security and other taxes

9,872

8,016

VAT

30,956

23,886

Accrued expenses

4,213

3,603

139,464

178,249

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts (see note 8)

-

2,300

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.16

31.12.15

£

£

Net obligations repayable:

Within one year

2,300

4,600

Between one and five years

-

2,300

2,300

6,900

Non-cancellable operating

leases

31.12.16

31.12.15

£

£

Within one year

17,625

-

Between one and five years

-

23,500

17,625

23,500

9.	PROVISIONS FOR LIABILITIES

31.12.16

31.12.15

£

£

Deferred tax

Accelerated capital allowances

4,576

-

Deferred

tax

£

Provided during year

4,576

Balance at 31 December 2016

4,576

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

400

Ordinary 'A'

£1

400

400

100

Ordinary 'B'

£1

100

100

400

Ordinary 'C'

£1

400

400

900

900