WSEA LIMITED

WSEA LIMITED

WSEA LIMITED - Company Information

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WSEA LIMITED

Company Registration Number:
02845050 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2017

Period of accounts

Start date: 01 September 2016

End date: 31 August 2017

WSEA LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2017

Balance sheet
Notes

WSEA LIMITED

Balance sheet

As at 31 August 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 29,473 26,877
Investments: 3 21,100 1,100
Total fixed assets: 50,573 27,977
Current assets
Debtors:   31,348 1,348
Cash at bank and in hand: 3,686 92
Total current assets: 35,034 1,440
Creditors: amounts falling due within one year:   (51,429) (53,028)
Net current assets (liabilities): (16,395) (51,588)
Total assets less current liabilities: 34,178 (23,611)
Creditors: amounts falling due after more than one year:   (12,848) (7,755)
Total net assets (liabilities): 21,330 (31,366)
Capital and reserves
Called up share capital: 9 8
Share premium account: 62,999
Profit and loss account: (41,678) (31,374)
Shareholders funds: 21,330 (31,366)

The notes form part of these financial statements

WSEA LIMITED

Balance sheet statements

For the year ending 31 August 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 June 2018
and signed on behalf of the board by:

Name: Mrs Amrit Williams
Status: Director

The notes form part of these financial statements

WSEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:Fixtures, fittings & equipment - 25% net book value

WSEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

2. Tangible Assets

Total
Cost £
At 01 September 2016 51,120
Additions 12,420
At 31 August 2017 63,540
Depreciation
At 01 September 2016 24,243
Charge for year 9,824
At 31 August 2017 34,067
Net book value
At 31 August 2017 29,473
At 31 August 2016 26,877

WSEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

3. Fixed investments

CostAt 1st September 2016 & 31st August 2017 - £12,000Amortisation and impairmentAt 1st September 2016 & 31st August 2017 - £12,000Net book value31st August 2016 & 31st August 2017 - £nil