Accounts filed on 31-07-2015
Accounts filed on 31-07-2015
trueWilljammer Consulting Limited077183052015-07-3114106211938214106411938422141064119384829291141893119675-370838-33456041400537127243167367123047032413126974299512731454235512731454235Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the
value of work done in the year, including estimates of amounts not invoiced. Turnover in respect
of long-term contracts and contracts for on-going services is recognised by reference to the stage
of completion.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Fixtures & FittingsStraight Line0.3300EquipmentStraight Line0.33005171984558326136644671597287051719845583261366446715972870Ordinary2122Ordinary1222Ordinary1222The company was under the control of Mr J.W. Sharman & Mrs. F.P. Sharman throughout the current & previous period.
At the end of the period, loans from the Directors amounted to £394,123.
At the end of year the company was owed a debt of £2,915 (net of VAT) from Willjammer Limited, a company of which Mr. & Mrs. Sharman are Directors & Shareholders. This figure is included in other debtors.2016-04-20Mr. J W Sharmantruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureWilljammer Consulting Limited2014-08-012015-07-31Willjammer Consulting Limited2013-08-012014-07-31Willjammer Consulting Limited2013-07-31Willjammer Consulting Limited2014-07-31Willjammer Consulting Limited2014-07-31Willjammer Consulting Limited2015-07-31 2016-04-25
