Radio Worm Limited - Period Ending 2014-04-30

Registration number: 06211865

Radio Worm Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2014
 

Braken Limited
28 Edward Gardens
Martinscroft
Warrington
Cheshire
WA1 4QT

Radio Worm Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Radio Worm Limited
for the Year Ended 30 April 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Radio Worm Limited for the year ended 30 April 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Radio Worm Limited, as a body, in accordance with the terms of our engagement letterdated 1 April 2014. Our work has been undertaken solely to prepare for your approval the accounts of Radio Worm Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Radio Worm Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Radio Worm Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Radio Worm Limited. You consider that Radio Worm Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Radio Worm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Braken Limited
28 Edward Gardens
Martinscroft
Warrington
Cheshire
WA1 4QT

14 January 2015

Page 1

Radio Worm Limited
(Registration number: 06211865)
Abbreviated Balance Sheet at 30 April 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					7			45
Current assets
Cash at bank and in hand					182			204
Creditors: Amounts falling due within one year					(5,744)			(5,744)
Net current liabilities					(5,562)			(5,540)
Net liabilities					(5,555)			(5,495)
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					(6,555)			(6,495)
Shareholders' deficit					(5,555)			(5,495)

For the year ending 30 April 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 director acknowledges his 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 director on 14 January 2015

.........................................
Mr S Rakestraw
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Radio Worm Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset class	Depreciation method and rate
Equipment	25% on cost
Computer equipment	33% on cost

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2013		2,029			2,029
At 30 April 2014		2,029			2,029
Depreciation
At 1 May 2013		1,984			1,984
Charge for the year		38			38
At 30 April 2014		2,022			2,022
Net book value
At 30 April 2014		7			7
At 30 April 2013		45			45

Page 3

Radio Worm Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		1,000			1,000			1,000			1,000

Page 4