Abbreviated Company Accounts - WELLHUNG SALES LIMITED

Abbreviated Company Accounts - WELLHUNG SALES LIMITED


Registered Number 07397681

WELLHUNG SALES LIMITED

Abbreviated Accounts

31 March 2014

WELLHUNG SALES LIMITED Registered Number 07397681

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 14,433 15,533
Tangible assets 3 6,660 9,158
Investments - -
21,093 24,691
Current assets
Stocks 26,299 34,309
Debtors - -
Investments - -
Cash at bank and in hand 2,534 -
28,833 34,309
Prepayments and accrued income - -
Creditors: amounts falling due within one year (105,250) (103,362)
Net current assets (liabilities) (76,417) (69,053)
Total assets less current liabilities (55,324) (44,362)
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) (55,324) (44,362)
Capital and reserves
Called up share capital 100 100
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account (55,424) (44,462)
Shareholders' funds (55,324) (44,362)
  • 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 30 December 2014

And signed on their behalf by:
Steven Foot, Director

WELLHUNG SALES LIMITED Registered Number 07397681

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.

Turnover policy
Turnover represents amounts receivable, net of value added tax, in respect of the sale of goods to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Website - 5 years straight
Plant & Machinery - 5 years straight

Intangible assets amortisation policy
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Goodwill - 10 years straight
Trade mark and domain name - 10 years straight

2Intangible fixed assets
£
Cost
At 1 April 2013 17,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2014 17,000
Amortisation
At 1 April 2013 1,467
Charge for the year 1,100
On disposals -
At 31 March 2014 2,567
Net book values
At 31 March 2014 14,433
At 31 March 2013 15,533
3Tangible fixed assets
£
Cost
At 1 April 2013 12,488
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2014 12,488
Depreciation
At 1 April 2013 3,330
Charge for the year 2,498
On disposals 0
At 31 March 2014 5,828
Net book values
At 31 March 2014 6,660
At 31 March 2013 9,158