Wye Manage Limited |
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Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Wye Manage Limited for the year ended 30 November 2016 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Wye Manage Limited for the year ended 30 November 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Wye Manage Limited, as a body, in accordance with the terms of our engagement letter dated 12 August 2013. Our work has been undertaken solely to prepare for your approval the accounts of Wye Manage Limited and state those matters that we have agreed to state to the Board of Directors of Wye Manage Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wye Manage Limited and its Board of Directors as a body for our work or for this report. |
It is your duty to ensure that Wye Manage Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Wye Manage Limited. You consider that Wye Manage Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the accounts of Wye Manage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
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API Partnership Limited T/A Chandler & Georges |
Chartered Accountants |
75, Westow Hill |
London |
SE19 1TX |
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31 July 2017 |
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Wye Manage Limited
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Registered number: |
05118536
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Abbreviated Balance Sheet |
as at 30 November 2016
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Notes |
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2016 |
|
|
2015 |
£ |
£ |
Current assets |
Cash at bank and in hand |
|
|
355 |
|
|
353 |
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Creditors: amounts falling due within one year |
|
|
(7,265) |
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(5,745) |
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Net current liabilities |
|
|
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(6,910) |
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|
(5,392) |
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Net liabilities |
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|
|
(6,910) |
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|
(5,392) |
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|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(7,010) |
|
|
(5,492) |
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Shareholders' funds |
|
|
|
(6,910) |
|
|
(5,392) |
|
|
|
|
|
|
|
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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N L Hinckes |
Director |
Approved by the board on 31 July 2017
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Wye Manage Limited
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Notes to the Abbreviated Accounts |
for the year ended 30 November 2016
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers.
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Plant and machinery |
25% straight line
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Motor Vehicles |
25% reducing balance
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|
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Stocks |
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Stock is valued at the lower of cost and net realisable value. |
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Deferred taxation |
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Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
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Trust |
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The Company has created a trust whose beneficiaries will include employees of the Company and their dependants. Assets held under this trust will be controlled by trustees who will be acting independently and entirely at their own discretion. Where assets are held in the trust and these are considered by the Company to be in respect of services already provided by employees to the Company, the Company will account for the assets of the trust when payment is made to the trust. The value transferred will be changed in the Company's profit and loss account for the year to which it relates. |
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2 |
Tangible fixed assets |
£ |
|
|
Cost |
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At 1 December 2015 |
31,131 |
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At 30 November 2016 |
31,131 |
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|
|
|
|
|
|
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Depreciation |
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At 1 December 2015 |
31,131 |
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At 30 November 2016 |
31,131 |
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|
|
|
|
|
|
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Net book value |
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At 30 November 2016 |
- |
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|
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3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
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