WORTH WHILE PROMOTIONS LTD
|
For the year ended 31 May 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07621639
WORTH WHILE PROMOTIONS LTD
For the year ended 31 May 2016
1
Accountant's Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
WORTH WHILE PROMOTIONS LTD
Accountant's Report
For the year ended 31 May 2016
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the accounts of
|
WORTH WHILE PROMOTIONS LTD for the year ended
31
May
2016
which comprise the Profit and Loss Account
,
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 of the Association of Chartered Certified Accountants
,
we are subject to its ethical and other
|
professional requirements which are detailed at http
://
rulebook
.
accaglobal
.
com
.
|
This report is made solely to the Board of Directors of WORTH WHILE PROMOTIONS LTD
,
as a body
,
in accordance with
|
the terms of our engagement letter dated
16
August
2011
.
Our work has been undertaken solely to prepare for your
|
approval the accounts of WORTH WHILE PROMOTIONS LTD and state those matters that we have agreed to state to the
|
Board of Directors of WORTH WHILE PROMOTIONS LTD
,
as a body
,
in this report in accordance with the requirements of
|
the Association of Chartered Certified Accountants and as detailed at http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the fullest
|
extent permitted by law
,
we do not accept or assume responsibility to anyone other than WORTH WHILE PROMOTIONS
|
LTD and its Board of Directors as a body for our work or for this report
.
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It is your duty to ensure that WORTH WHILE PROMOTIONS LTD 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 WORTH WHILE
|
PROMOTIONS LTD
.
You consider that WORTH WHILE PROMOTIONS LTD is exempt from the statutory audit requirement
|
for the year
.
|
Wright Lilley & Co
Tudor House Mews
Westgate
Grantham
Lincs
NG31 6LU
28 February 2017
1 of 4
Abbreviated Balance Sheet
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WORTH WHILE PROMOTIONS LTD
2016
2015
2
106
21,249
11,100
11,100
3
11,206
32,349
48,034
48,034
6,070
7,137
54,104
55,171
Creditors
:
amounts falling due within one year
|
(115,558)
(94,970)
(60,387)
(40,866)
Net current liabilities
Total assets less current liabilities
|
(29,660)
(28,038)
(29,660)
Net liabilities
(28,038)
65
4
65
(29,725)
(28,103)
(29,660)
(28,038)
Shareholders funds
For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 28 February 2017
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Mr Andrew Lilley Director
|
Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
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WORTH WHILE PROMOTIONS LTD
For the year ended 31 May 2016
The financial statements are 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Finance lease and hire purchase charges
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The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Motor Vehicles
Assets on finance lease and hire purchase
|
Assets held under finance lease or hire purchase contracts i
.
e
.
those contracts where substantially all the risks and rewards of
|
ownership have passed to the company
,
are included in the appropriate category of tangible fixed assets and depreciated over
|
the shorter of the lease term and their estimated expected useful lives
.
|
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods
.
|
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
3 of 4
Notes to the Abbreviated Financial Statements
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WORTH WHILE PROMOTIONS LTD
For the year ended 31 May 2016
50,049
(36,950)
13,099
28,800
(18,477)
2,670
Charge for year
12,993
106
21,249
3
Fixed asset investments
|
11,100
11,100
11,100
11,100
Allotted called up and fully paid
|
2016
2015
65
Class A shares of £
1
.
00
each
|
65
65
65
65
4 of 4