Abbreviated Company Accounts - WINGED PLANET LIMITED

Abbreviated Company Accounts - WINGED PLANET LIMITED


Registered Number 03867275

WINGED PLANET LIMITED

Abbreviated Accounts

31 January 2014

WINGED PLANET LIMITED Registered Number 03867275

Abbreviated Balance Sheet as at 31 January 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 464,132 471,546
464,132 471,546
Current assets
Stocks 30,628 40,000
Debtors - 9,089
Cash at bank and in hand 753 6,874
31,381 55,963
Creditors: amounts falling due within one year (513,026) (552,891)
Net current assets (liabilities) (481,645) (496,928)
Total assets less current liabilities (17,513) (25,382)
Total net assets (liabilities) (17,513) (25,382)
Capital and reserves
Called up share capital 100 100
Profit and loss account (17,613) (25,482)
Shareholders' funds (17,513) (25,382)
  • For the year ending 31 January 2014 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 31 October 2014

And signed on their behalf by:
Dr K Sidhu, Director

WINGED PLANET LIMITED Registered Number 03867275

Notes to the Abbreviated Accounts for the period ended 31 January 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
fixtures 25% reducing balance
computers 33% reducing balance
plant 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 February 2013 515,354
Additions 1,421
Disposals -
Revaluations -
Transfers -
At 31 January 2014 516,775
Depreciation
At 1 February 2013 43,808
Charge for the year 8,835
On disposals -
At 31 January 2014 52,643
Net book values
At 31 January 2014 464,132
At 31 January 2013 471,546