true
Wileyfox Europe Limited
07648053
2015-05-31
-95552
-2286907
-94552
-2285907
1000
1000
-94552
-2285907
2062523
3150810
1967971
864903
1601466
855894
244757
251082
1846223
1106976
1796818
940527
45000
79114
4405
87335
366505
9009
360000
0
6505
9009
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
510 - 519
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Fixed Assets
All fixed assets are initially recorded at cost.
Equipment
Method for Equipment
0.0000
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
450000
0
450000
90000
0
90000
14002
13006
996
7497
3997
3500
464002
13006
450996
97497
3997
93500
Ordinary
1000
1
1000
1000
Ordinary
1
1000
1000
1000
The company was under the control of its parent company Toughshield Holding Ltd during the current year. The parent company also owns 100% shareholding in Toughshield Devices Ltd.
Though the shareholding company is based in Isle of Man, the control still remains in UK.
Mr Daniel Readman also serves as a director on the following companies:
- Wileyfox Europe Ltd
- Kazam Mobile Ltd
- Kazam Online Ltd
The following balances apply at the balance sheet date:
a) Wileyfox Europe Ltd owed £1,857,242.51 to Kazam Mobile Ltd for the establishment of the brand.
b) The company also owed the following amounts to related parties at the balance sheet date:
Kazam online Ltd£205,280.34
Toughshield Holding Ltd£1,720,324.22
Balance sheet Spare note 21 (user defined)
GOING CONCERN
Even though the balance sheet of the company is overdrawn, the directors are of the opinion that the company will continue to meet its liabilities as and when they fall due.
The company continues to receive direct financial support from its parent company.
The directors have also discussed their plans to introduce further capital funding from their resources to continue with the operations of the company.
2016-03-24
Mr. Daniel John Readman
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Wileyfox Europe Limited
2014-06-01
2015-05-31
Wileyfox Europe Limited
2013-06-01
2014-05-31
Wileyfox Europe Limited
2013-05-31
Wileyfox Europe Limited
2014-05-31
Wileyfox Europe Limited
2014-05-31
Wileyfox Europe Limited
2015-05-31
2016-05-11