Warrantix Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03214427 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

WARRANTIX LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R G Lailey

SECRETARY:

G P Nicholls

REGISTERED OFFICE:

12 Borelli Yard

Farnham

Surrey

GU9 7NU

REGISTERED NUMBER:

03214427 (England and Wales)

ACCOUNTANTS:

Hawkins Scott

Chartered Accountants

12 Borelli Yard

Farnham

Surrey

GU9 7NU

FIXED ASSETS

Tangible assets

2

335

244

CURRENT ASSETS

Debtors

5,342

6,280

Cash at bank

21,316

27,259

26,658

33,539

CREDITORS

Amounts falling due within one year

15,335

12,609

NET CURRENT ASSETS

11,323

20,930

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,658

21,174

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

11,656

21,172

SHAREHOLDERS' FUNDS

11,658

21,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 16 March 2017 and were signed by:

R G Lailey - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover comprises net invoiced sales of computer consultancy.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 25% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

1,672

Additions

284

At 30 June 2016

1,956

DEPRECIATION

At 1 July 2015

1,428

Charge for year

193

At 30 June 2016

1,621

NET BOOK VALUE

At 30 June 2016

335

At 30 June 2015

244

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

2

Ordinary

£1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2016 and

30 June 2015:

30.6.16

30.6.15

£

R G Lailey

Balance outstanding at start of year

1,059

(1,053

)

Amounts advanced

-

2,112

Amounts repaid

(3,209

)

-

Balance outstanding at end of year

(2,150

)

1,059