Wildfire Building Limited - Period Ending 2015-06-30

WILDFIRE BUILDING LIMITED - Company Information

Registration number: 06628858

Wildfire Building Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2015

R S Porter & Co Limited
Albion Dockside Building
Hanover Place
Bristol
BS1 6UT

Wildfire Building 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 Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Wildfire Building Limited
for the Year Ended 30 June 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wildfire Building Limited for the year ended 30 June 2015 set out on pages XX 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 Wildfire Building Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Wildfire Building 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 Wildfire Building Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Wildfire Building 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 Wildfire Building Limited. You consider that Wildfire Building 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 Wildfire Building 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.

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

R S Porter & Co Limited
Albion Dockside Building
Hanover Place
Bristol
BS1 6UT

5 November 2015

Page 1

Wildfire Building Limited

(Registration number: 06628858)
Abbreviated Balance Sheet as at 30 June 2015

	Note	2015 £	2014 £
Fixed assets
Tangible assets	2	7,149	8,936
Current assets
Stocks		57,189	-
Debtors		25,973	3,132
Cash at bank and in hand		38,442	34,978
		121,604	38,110
Creditors: Amounts falling due within one year		(118,705)	(28,895)
Net current assets		2,899	9,215
Net assets		10,048	18,151
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		9,048	17,151
Shareholders funds		10,048	18,151

For the year ending 30 June 2015 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 5 November 2015 and signed on its behalf by:

.........................................
Mr Jeremy Robert William Smale
Director

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

Wildfire Building Limited

Notes to the Abbreviated Accounts

Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery etc	33% on reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Fixed assets

	Tangible assets £	Total £
Cost
At 1 July 2014	28,275	28,275
At 30 June 2015	28,275	28,275
Depreciation
At 1 July 2014	19,339	19,339
Charge for the year	1,787	1,787
At 30 June 2015	21,126	21,126
Net book value
At 30 June 2015	7,149	7,149
At 30 June 2014	8,936	8,936

Page 3

Wildfire Building Limited

Notes to the Abbreviated Accounts

Share capital

Allotted, called up and fully paid shares

	2015		2014
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

Page 4