Abbreviated Company Accounts - WULMER ASSOCIATES LIMITED

Abbreviated Company Accounts - WULMER ASSOCIATES LIMITED

WULMER ASSOCIATES LIMITED - Company Information

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Registered Number 08011015

WULMER ASSOCIATES LIMITED

Abbreviated Accounts

31 March 2014

WULMER ASSOCIATES LIMITED Registered Number 08011015

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets - -
Investments - -
- -
Current assets
Stocks - -
Debtors 28,289 24,821
Investments - -
Cash at bank and in hand 5,119 2,125
33,408 26,946
Prepayments and accrued income - -
Creditors: amounts falling due within one year (30,511) (25,768)
Net current assets (liabilities) 2,897 1,178
Total assets less current liabilities 2,897 1,178
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) 2,897 1,178
Capital and reserves
Called up share capital 200 200
Profit and loss account 2,697 978
Shareholders' funds 2,897 1,178
  • For the year ending 31 March 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 29 December 2014

And signed on their behalf by:
Jonathan Staite, Director

WULMER ASSOCIATES LIMITED Registered Number 08011015

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention in accordance with the applicable U.K. Financial Reporting Standard for Smaller Entities (effective April 2008).

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

Tangible assets depreciation policy
Tangible fixed assets are stated at historical cost less depreciation.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value over its expected useful life, as follows:-
Office equipment - 20% written down value

Valuation information and policy
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction or, if hedged forward, at the relevant forward currency contract rate. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the accounting date. All differences are taken to profit and loss account.

Other accounting policies
Stocks and work-in-progress
Stocks and work-in-progress are stated at the lower of cost and net realisable value.
Cost is arrived at as follows:-
Finished goods and work-in-progress -
Cost of direct materials and labour plus attributable overheads based on normal activity levels.

Leased assets
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.