Company Registration No. SC293438 (Scotland)
WIDEBLUE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
WIDEBLUE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
WIDEBLUE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
9,526
6,196
Investments
2
7
1
9,533
6,197
Current assets
Debtors
312,898
294,961
Cash at bank and in hand
121,367
81,216
434,265
376,177
Creditors: amounts falling due within one year
(36,867)
(64,913)
Net current assets
397,398
311,264
Total assets less current liabilities
406,931
317,461
Accruals and deferred income
-
(1,079)
406,931
316,382
Capital and reserves
Called up share capital
3
31,532
31,532
Other reserves
40,131
40,131
Profit and loss account
335,268
244,719
Shareholders' funds
406,931
316,382
WIDEBLUE LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
29 FEBRUARY 2016
29 February 2016
- 2 -
For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 15 June 2016
Mr R B Overend
Director
Company Registration No. SC293438
WIDEBLUE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 3 -
1
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 January 2015).
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 comprises revenue recognised by the company for goods and services in respect of the design, development and manufacture of new technology products. Goods and services are supplied exclusive of Value Added Tax.
1.4
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
20% straight line
Computer equipment
25% straight line
Fixtures, fittings & equipment
20% reducing balance
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Pensions
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
1.7
Research and development expenditure is written off to the profit and loss account in the year in which it is incurred.
WIDEBLUE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 March 2015
24,354
7
24,361
Additions
6,012
-
6,012
Disposals
(3,034)
-
(3,034)
At 29 February 2016
27,332
7
27,339
Depreciation
At 1 March 2015
18,158
-
18,158
On disposals
(3,034)
-
(3,034)
Charge for the year
2,682
-
2,682
At 29 February 2016
17,806
-
17,806
Net book value
At 29 February 2016
9,526
7
9,533
At 28 February 2015
6,196
1
6,197
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
3,153,200 Ordinary shares of 1p each
31,532
31,532
2016-02-292015-03-01falsetruetruetruetruetruetmpF238.html2016-06-27SC2934382015-03-012016-02-29SC2934382016-02-29SC2934382015-02-28SC2934382015-02-28SC293438uk-bus:CompanySecretaryDirector2015-03-012016-02-29SC293438uk-gaap:PlantMachinery2015-03-012016-02-29SC293438uk-gaap:ComputerEquipment2015-03-012016-02-29SC293438uk-gaap:FixturesFittingsToolsEquipment2015-03-012016-02-29SC293438uk-bus:OrdinaryShareClass12015-03-012016-02-29SC293438uk-bus:OrdinaryShareClass12016-02-29SC293438uk-bus:OrdinaryShareClass12015-02-28xbrli:purexbrli:sharesiso4217:GBP
