WIBN_ASSOCIATES_LIMITED - Accounts

WIBN ASSOCIATES LIMITED - Company Information

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Company Registration No. 06300257 (England and Wales)

WIBN ASSOCIATES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2014

WIBN ASSOCIATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WIBN ASSOCIATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,240

558

Investments

100

1,340

658

Current assets

Debtors

5,173

6,047

Cash at bank and in hand

3,776

9,657

8,949

15,704

Creditors: amounts falling due within one year

(11,229)

(11,636)

Net current (liabilities)/assets

(2,280)

4,068

Total assets less current liabilities

(940)

4,726

Capital and reserves

Called up share capital

100

Profit and loss account

(1,040)

4,626

Shareholders' funds

(940)

4,726

For the financial year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 March 2015

Ms L C Loxley

Director

Company Registration No. 06300257

WIBN ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

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:

Plant and machinery

33% Reducing Balance

Fixtures, fittings & equipment

33% Reducing balance

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

WIBN ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2014

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 August 2013

1,613

100

1,713

Additions

1,292

At 31 July 2014

2,905

100

3,005

Depreciation

At 1 August 2013

1,055

Charge for the year

610

At 31 July 2014

1,665

Net book value

At 31 July 2014

1,240

100

1,340

At 31 July 2013

558

100

658

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Just 4 The Girls Limited

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2014

Principal activity

Just 4 The Girls Limited

Promoting business through website advertising

(5,187)

(474)

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary of £1 each

100