WIGHTSAILS LIMITED Accounts filed on 28-02-2014

WIGHTSAILS LIMITED Accounts filed on 28-02-2014

WIGHTSAILS LIMITED - Company Information

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WIGHTSAILS LIMITED




Company Registration Number:
07163374 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st March 2013

End date: 28th February 2014

SUBMITTED

WIGHTSAILS LIMITED

Company Information
for the Period Ended 28th February 2014




Director: peter le masurier
Registered office: 102 Ashey Road
Ryde
PO33 2UZ
Company Registration Number: 07163374 (England and Wales)

WIGHTSAILS LIMITED

Abbreviated Balance sheet
As at 28th February 2014

Notes 2014
£		 2013
£
Fixed assets
Tangible assets: 2 973 1,297
Total fixed assets: 973 1,297
Current assets
Stocks: 1,000 700
Debtors: 1,000 1,000
Total current assets: 2,000 1,700
Creditors
Creditors: amounts falling due within one year 0 537
Net current assets (liabilities): 2,000 1,163
Total assets less current liabilities: 2,973 2,460
Creditors: amounts falling due after more than one year: - 537
Provision for liabilities: 3,699 4,816
Total net assets (liabilities): ( 726 ) ( 2,893 )

The notes form part of these financial statements

WIGHTSAILS LIMITED

Abbreviated Balance sheet
As at 28th February 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 3 1,000 1,000
Profit and Loss account: ( 1,726 ) ( 3,893 )
Total shareholders funds: ( 726 ) ( 2,893 )

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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 29 November 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: peter le masurier
Status: Director

The notes form part of these financial statements

WIGHTSAILS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 28th February 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Standard for Smaller Entities (effective April 2008)

    Turnover policy

    Turnover and loss on ordinary activities are attributable to the manufacture of beachwear from recycled sails

    Tangible fixed assets depreciation policy

    Fixed assets are shown at historical cost. Depreciation is provided after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings reducing balance 25% and equipment reducing balance 25%

    Intangible fixed assets amortisation policy

    na

    Valuation information and policy

    na

WIGHTSAILS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 28th February 2014

  • 2. Tangible assets

    Total
    Cost £
    At 01st March 2013: 1,297
    At 28th February 2014: 1,297
    Depreciation
    Charge for year: 324
    At 28th February 2014: 324
    Net book value
    At 28th February 2014: 973
    At 28th February 2013: 1,297

WIGHTSAILS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 28th February 2014

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1,000 1.00
    1.00
    		1,000
    Total share capital: 1,000
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1,000 1.00
    1.00
    		1,000
    Total share capital: 1,000