Abbreviated Company Accounts - WISE OWL ACCOUNTANTS LTD

05722321 WISE OWL ACCOUNTANTS LTD 2014-02-28 false 2013-03-01 2014-02-28 true 05722321 2013-03-01 2014-02-28 05722321 2014-02-28 05722321 2013-02-28 05722321 uk-gaap-cd-bus:Director1 2013-03-01 2014-02-28 05722321 uk-gaap-cd-bus:Director2 2013-03-01 2014-02-28 uk-gaap-cd-bus:Director3 2013-03-01 2014-02-28 uk-gaap-cd-bus:Director3 2014-02-28 uk-gaap-cd-bus:Director3 2013-02-28 uk-gaap-cd-bus:Director4 2013-03-01 2014-02-28 uk-gaap-cd-bus:Director4 2014-02-28 uk-gaap-cd-bus:Director4 2013-02-28 iso4217:GBP shares

Registered Number 05722321

WISE OWL ACCOUNTANTS LTD

Abbreviated Accounts

28 February 2014

WISE OWL ACCOUNTANTS LTD Registered Number 05722321

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,820	9,225
		1,820	9,225
Current assets
Debtors		51,597	16,334
Cash at bank and in hand		13,247	10,635
		64,844	26,969
Creditors: amounts falling due within one year		(26,884)	(14,446)
Net current assets (liabilities)		37,960	12,523
Total assets less current liabilities		39,780	21,748
Provisions for liabilities		(364)	(1,845)
Total net assets (liabilities)		39,416	19,903
Capital and reserves
Called up share capital		100	100
Profit and loss account		39,316	19,803
Shareholders' funds		39,416	19,903

For the year ending 28 February 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 10 October 2014

And signed on their behalf by:
Andrew Hewson, Director

WISE OWL ACCOUNTANTS LTD Registered Number 05722321

Notes to the Abbreviated Accounts for the period ended 28 February 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

2Tangible fixed assets

	£
Cost
At 1 March 2013	10,870
Additions	1,387
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	12,257
Depreciation
At 1 March 2013	1,645
Charge for the year	8,792
On disposals	-
At 28 February 2014	10,437
Net book values
At 28 February 2014	1,820
At 28 February 2013	9,225

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery: 25% straight line
Website: 25% straight line

3Transactions with directors

Name of director receiving advance or credit:	Andrew Hewson
Description of the transaction:	Loan
Balance at 1 March 2013:	-
Advances or credits made:	£ 5,609
Advances or credits repaid:	-
Balance at 28 February 2014:	£ 5,609

Name of director receiving advance or credit:	Janet Hewson
Description of the transaction:	Loan
Balance at 1 March 2013:	-
Advances or credits made:	£ 5,609
Advances or credits repaid:	-
Balance at 28 February 2014:	£ 5,609