Accounts Submission
Accounts Submission
THE WORKBUG CO LIMITED
Company Registration Number:
04874713
(England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01 September 2015
End date: 31 August 2016
THE WORKBUG CO LIMITED
Abbreviated Balance sheet
As at
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2016 £ |
2015 £ |
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Fixed assets | |||
Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: |
(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
THE WORKBUG CO LIMITED
Balance sheet continued
As at 31 August 2016
Notes |
2016 £ |
2015 £ |
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Capital and reserves | |||
Called up share capital: | 2 |
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Profit and loss account: |
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Shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name:
Status: Director
The notes form part of these financial statements
THE WORKBUG CO LIMITED
Notes to the Abbreviated Accounts
for the Period Ended 31 August 2016
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1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities. The effect of events relating to the year ended 31 August 2016 which occurred before the date of approval of the financial statements by the Board of Directors have been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 August 2016 and of the results for the year ended on that date. Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax. Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer hardware: 40% in 1st year, 18% per annum thereafter Plant & machinery: 22% in 1st year, 18% per annum thereafter.
A full years charge is provided in the year of acquisition. No charge is provided in the year of disposal.