Abbreviated Company Accounts - WORLD ARCHIPELAGO INTERNET LIMITED

Abbreviated Company Accounts - WORLD ARCHIPELAGO INTERNET LIMITED

WORLD ARCHIPELAGO INTERNET LIMITED - Company Information

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Registered Number 03341041

WORLD ARCHIPELAGO INTERNET LIMITED

Abbreviated Accounts

31 March 2014

WORLD ARCHIPELAGO INTERNET LIMITED Registered Number 03341041

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 2,243 1,030
2,243 1,030
Current assets
Debtors 186,750 133,770
Cash at bank and in hand 51,789 66,634
238,539 200,404
Prepayments and accrued income 52,687 11,151
Creditors: amounts falling due within one year (79,493) (81,494)
Net current assets (liabilities) 211,733 130,061
Total assets less current liabilities 213,976 131,091
Accruals and deferred income (111,069) (68,835)
Total net assets (liabilities) 102,907 62,256
Capital and reserves
Called up share capital 803 803
Share premium account 1,616,913 1,616,913
Profit and loss account (1,514,809) (1,555,460)
Shareholders' funds 102,907 62,256
  • For the year ending 31 March 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 2 December 2014

And signed on their behalf by:
Miranda Harvie-Watt, Director
Mark Harvie-Watt, Director

WORLD ARCHIPELAGO INTERNET LIMITED Registered Number 03341041

Notes to the Abbreviated Accounts for the period ended 31 March 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
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives:
- Fixtures & Fittings 25.00% Straight Line
- Computer Equipment 33.33% Straight Line

2Tangible fixed assets
£
Cost
At 1 April 2013 63,713
Additions 2,169
Disposals -
Revaluations -
Transfers -
At 31 March 2014 65,882
Depreciation
At 1 April 2013 62,683
Charge for the year 956
On disposals -
At 31 March 2014 63,639
Net book values
At 31 March 2014 2,243
At 31 March 2013 1,030