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Abbreviated Unaudited Accounts for the Year Ended 30 April 2016 |
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W. W. E. Solutions Limited |
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Abbreviated Unaudited Accounts for the Year Ended 30 April 2016 |
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for |
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W. W. E. Solutions Limited |
W. W. E. Solutions Limited (Registered number: SC205982) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 April 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
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Accountants' Report | 6 |
W. W. E. Solutions Limited |
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Company Information |
for the Year Ended 30 April 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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W. W. E. Solutions Limited (Registered number: SC205982) |
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Abbreviated Balance Sheet |
30 April 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
W. W. E. Solutions Limited (Registered number: SC205982) |
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Abbreviated Balance Sheet - continued |
30 April 2016 |
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The financial statements were approved by the Board of Directors on
by: |
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M J Dickie - Director | Mrs U Gilchrist - Director |
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Mrs L Lamont - Director |
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W. W. E. Solutions Limited (Registered number: SC205982) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 April 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements 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 |
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts |
where turnover is recognised when the company obtains the right to consideration. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods |
different from those in which they are included in the company's accounts. Deferred tax is provided in full on |
timing differences which result in an obligation to pay more, or less, tax at a future date, at the average tax rates |
that are expected to apply when the timing differences reverse , based on current tax rates and laws. |
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Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
commitment to sell the asset. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2015 |
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Additions |
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At 30 April 2016 |
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DEPRECIATION |
At 1 May 2015 |
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Charge for year |
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At 30 April 2016 |
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NET BOOK VALUE |
At 30 April 2016 |
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At 30 April 2015 |
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W. W. E. Solutions Limited (Registered number: SC205982) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2016 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | 2p |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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Directors' current accounts included within other debtors are unsecured and repayable on demand. Interest has |
been charged at the official rate. |
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5. | RELATED PARTY DISCLOSURES |
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W.W.E. Properties Limited |
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A company in which M Dickie is a director and shareholder. |
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Rent of £20,000 (2015 £20,000) was paid during the year. |
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Integrated Supply Solutions Limited |
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A company in which the directors are directors and shareholders. |
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Management charges of £30,000 were paid (2015 £7,500 received) during the year. |
At the year end the company owed £53,109 (2015 £157,446) to the related party. |
Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
W. W. E. Solutions Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of W. W. E. Solutions Limited for the year ended 30 April 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. |
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As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
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This report is made solely to the Board of Directors of W. W. E. Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W. W. E. Solutions Limited and state those matters that we have agreed to state to the Board of Directors of W. W. E. Solutions Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company 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 W. W. E. Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W. W. E. Solutions Limited. You consider that W. W. E. Solutions Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of W. W. E. Solutions 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 statutory financial statements. |
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Chartered Accountants |
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Date: ............................................. |