WME Design Limited - Filleted accounts

WME Design Limited - Filleted accounts


WME Design Limited
Registered number: 08453077
Balance Sheet
as at 31 December 2016
Notes 2016 2015
£ £
Current assets
Debtors 2 292 1,819
Cash at bank and in hand 14,538 9,489
14,830 11,308
Creditors: amounts falling due within one year 3 (7,883) (3,113)
Net current assets 6,947 8,195
Net assets 6,947 8,195
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,847 8,095
Shareholders' funds 6,947 8,195
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr W Meijer
Director
Approved by the board on 22 March 2017
WME Design Limited
Notes to the Accounts
for the year ended 31 December 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Debtors 2016 2015
£ £
Trade debtors - 1,536
Other debtors 292 283
292 1,819
3 Creditors: amounts falling due within one year 2016 2015
£ £
Corporation tax 5,313 3,832
Other taxes and social security costs 2,570 (719)
7,883 3,113
4 Other information
WME Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
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