Warwick International Comp. Systems Ltd - Abbreviated accounts 16.1
Warwick International Comp. Systems Ltd - Abbreviated accounts 16.1
REGISTERED NUMBER: |
WARWICK INTERNATIONAL COMPUTING |
SYSTEMS LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE PERIOD 1 JUNE 2015 TO 31 DECEMBER 2015 |
WARWICK INTERNATIONAL COMPUTING |
SYSTEMS LIMITED (REGISTERED NUMBER: 02877208) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 1 JUNE 2015 TO 31 DECEMBER 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 | to | 3 |
Notes to the Abbreviated Accounts | 4 | to | 6 |
WARWICK INTERNATIONAL COMPUTING |
SYSTEMS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 JUNE 2015 TO 31 DECEMBER 2015 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
WARWICK INTERNATIONAL COMPUTING |
SYSTEMS LIMITED (REGISTERED NUMBER: 02877208) |
ABBREVIATED BALANCE SHEET |
31 DECEMBER 2015 |
2015 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investment property | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
4 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Capital redemption reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
WARWICK INTERNATIONAL COMPUTING |
SYSTEMS LIMITED (REGISTERED NUMBER: 02877208) |
ABBREVIATED BALANCE SHEET - continued |
31 DECEMBER 2015 |
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. |
The financial statements were approved by the Board of Directors on on its behalf by: |
WARWICK INTERNATIONAL COMPUTING |
SYSTEMS LIMITED (REGISTERED NUMBER: 02877208) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 1 JUNE 2015 TO 31 DECEMBER 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and 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 |
Freehold property | - |
Fixtures and fittings | - |
Computer equipment | - |
Investment property |
Investment properties are shown at their open market value. The surplus or deficit arising from the |
annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, |
on an individual investment property is expected to be permanent, in which case it is recognised in |
the profit and loss account for the year. |
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) |
which, unlike the Companies Act 2006, does not require depreciation of investment properties. |
Investment properties are held for their investment potential and not for use of the company and so |
their current value is of prime importance. The departure from the provisions of the Act is required in |
order to give a true and fair view. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling |
at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
the operating result. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they |
relate. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual |
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument |
is any contract that evidences a residual interest in the assets of the company after deducting all of |
its liabilities. |
WARWICK INTERNATIONAL COMPUTING |
SYSTEMS LIMITED (REGISTERED NUMBER: 02877208) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE PERIOD 1 JUNE 2015 TO 31 DECEMBER 2015 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 June 2015 |
Additions |
Impairments | (139,444 | ) |
At 31 December 2015 |
DEPRECIATION |
At 1 June 2015 |
Charge for period |
Impairments | ( |
) |
At 31 December 2015 |
NET BOOK VALUE |
At 31 December 2015 |
At 31 May 2015 |
3. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 June 2015 |
Impairments | (1,858 | ) |
At 31 December 2015 |
NET BOOK VALUE |
At 31 December 2015 |
At 31 May 2015 |
4. | CREDITORS |
Creditors include an amount of £ |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2015 |
value: | £ | £ |
Ordinary | £1 |
A Share | £1 |
501 | 501 |
WARWICK INTERNATIONAL COMPUTING |
SYSTEMS LIMITED (REGISTERED NUMBER: 02877208) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE PERIOD 1 JUNE 2015 TO 31 DECEMBER 2015 |
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended |
31 December 2015 and the year ended 31 May 2015: |
2015 | 2015 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) |
Balance outstanding at end of period |
The above advances were interest free, had no fixed repayment terms and were unsecured. |