Wildcat Applications Ltd - Accounts to registrar - small 17.2

Wildcat Applications Ltd - Accounts to registrar - small 17.2

WILDCAT APPLICATIONS LTD - Company Information

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REGISTERED NUMBER: SC526882 (Scotland)















Unaudited Financial Statements

for the Period 15 February 2016 to 28 February 2017

for

Wildcat Applications Ltd

Wildcat Applications Ltd (Registered number: SC526882)






Contents of the Financial Statements
for the Period 15 February 2016 to 28 February 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wildcat Applications Ltd

Company Information
for the Period 15 February 2016 to 28 February 2017







DIRECTORS: T J H Inglis
R A G Inglis





REGISTERED OFFICE: 2/2 Dalziel Place
Edinburgh
EH7 5TR





REGISTERED NUMBER: SC526882 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL
Page 1
Wildcat Applications Ltd (Registered number: SC526882)

Balance Sheet
28 February 2017

Notes £    £   
FIXED ASSETS
Tangible assets 4 2,321

CURRENT ASSETS
Debtors 5 801
Cash at bank 13,558
14,359
CREDITORS
Amounts falling due within one year 6 7,738
NET CURRENT ASSETS 6,621
TOTAL ASSETS LESS CURRENT
LIABILITIES
8,942

CREDITORS
Amounts falling due after more than one
year
7
96,850
NET LIABILITIES (87,908 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (88,008 )
(87,908 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 28 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 notes form part of these financial statements

Page 2 continued...
Wildcat Applications Ltd (Registered number: SC526882)

Balance Sheet - continued
28 February 2017


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 5 July 2017 and were signed on its
behalf by:




T J H Inglis - Director



R A G Inglis - Director


The notes form part of these financial statements

Page 3
Wildcat Applications Ltd (Registered number: SC526882)

Notes to the Financial Statements
for the Period 15 February 2016 to 28 February 2017

1. STATUTORY INFORMATION

Wildcat Applications Ltd is a private company, limited by shares , registered in Scotland. 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.

At the balance sheet date, the company's liabilites exceed its assets by £86,433. The Company meets
its day to day working capital from loans from the director and family members. The balance due to the
director and family members from the Company at the year end is £96,850. The financial statements
have been prepared on a going concern basis, which assumes that the Company will continue in
operational existence for the foreseeable future.The Directors believe that the financial statements
should be prepared on a going concern basis and appropriate funding will be available if required.

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 - 33% on cost and 25% on cost

Taxation
Taxation for the period 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 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

Page 4 continued...
Wildcat Applications Ltd (Registered number: SC526882)

Notes to the Financial Statements - continued
for the Period 15 February 2016 to 28 February 2017

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipments Totals
£    £    £   
COST
Additions 2,316 597 2,913
At 28 February 2017 2,316 597 2,913
DEPRECIATION
Charge for period 461 131 592
At 28 February 2017 461 131 592
NET BOOK VALUE
At 28 February 2017 1,855 466 2,321

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 259
Other debtors 542
801

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 1,664
Other creditors 6,074
7,738

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 96,850

8. RELATED PARTY DISCLOSURES

During the year the Director Richard Inglis has provided loans to the Company to the value of £22,850.
This loan is interest free with no set repayment date.

During the year Heather Inglis, a family member of both Directors provided loans to the Company to
the value of £74,000. This loan is interest free with no set repayment date.

Page 5