WMA Limited - Limited company - abbreviated - 11.9

WMA Limited - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: SC241843(Scotland)









Abbreviated Unaudited Accounts

for the Year Ended 31 January 2016

for

WMA Limited

WMA Limited (Registered number: SC241843)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 6

WMA Limited

Company Information
for the Year Ended 31 January 2016







DIRECTORS: Mr R J Weir
Mr D A Matthews





SECRETARY: Mrs L Weir





REGISTERED OFFICE: Hill Farm
Slamannan
Falkirk
Central
FK1 3DJ





REGISTERED NUMBER: SC241843(Scotland)





ACCOUNTANTS: Yates & Co
Chartered Accountants
Registered Auditor
102 Manor Street
Falkirk
Central
FK1 1NU

WMA Limited (Registered number: SC241843)

Abbreviated Balance Sheet
31 January 2016

31.1.16 31.1.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 4,284 3,135

CURRENT ASSETS
Stocks 60,480 52,482
Debtors 3 136,408 141,384
Cash at bank 202,021 236,341
398,909 430,207
CREDITORS
Amounts falling due within one year 125,249 190,767
NET CURRENT ASSETS 273,660 239,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,944

242,575

PROVISIONS FOR LIABILITIES 559 -
NET ASSETS 277,385 242,575

CAPITAL AND RESERVES
Called up share capital 4 7 7
Capital redemption reserve 3 3
Retained earnings 277,375 242,565
SHAREHOLDERS' FUNDS 277,385 242,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

WMA Limited (Registered number: SC241843)

Abbreviated Balance Sheet - continued
31 January 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 22 March 2016and were signed on its behalf by:




Mr R J Weir- Director



Mr D A Matthews- Director


WMA Limited (Registered number: SC241843)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement in accordance with the Financial Reporting
Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 47,296
Additions 3,962
At 31 January 2016 51,258
DEPRECIATION
At 1 February 2015 44,161
Charge for year 2,813
At 31 January 2016 46,974
NET BOOK VALUE
At 31 January 2016 4,284
At 31 January 2015 3,135

WMA Limited (Registered number: SC241843)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 January 2016

3. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 712

4. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
7 Share capital 1 £1 7 7

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2016 and
31 January 2015:

31.1.16 31.1.15
£    £   
Mr D A Matthews
Balance outstanding at start of year 14,917 -
Amounts repaid - -
Balance outstanding at end of year 2,848 14,917

The director has confirmed that the loan will be repaid in full within nine months of the company's year end.


Creditors include the following amounts which are owed to individuals who were directors of the company during
the year:

31.1.16 31.1.15
£ £
Mr R J Weir 8,205 85,852
Mr D A Matthews - -
8,205 85,852

The maximum balance outstanding during the year amounted to £85,852.

The directors loans are non-interest bearing and carry no fixed terms of repayment.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
WMA Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of WMA Limited for the year ended 31 January 2016 which comprise the Income Statement, Other
Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and the related notes 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 of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of WMA Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of WMA Limited and state those matters that we have agreed to state to the Board of Directors of WMA Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that WMA Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of WMA Limited. You consider that WMA 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 financial statements of WMA 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 financial statements.






Yates & Co
Chartered Accountants
Registered Auditor
102 Manor Street
Falkirk
Central
FK1 1NU


22 March 2016