Registered Number 05722321

WISE OWL ACCOUNTANTS LTD

Abbreviated Accounts

28 February 2013

WISE OWL ACCOUNTANTS LTD Registered Number 05722321

Abbreviated Balance Sheet as at 28 February 2013

Notes 2013 2012
£ £
Fixed assets
Intangible assets 2 - 3,500
Tangible assets 3 9,225 238
9,225 3,738
Current assets
Debtors 16,334 12,320
Cash at bank and in hand 10,635 2,767
26,969 15,087
Creditors: amounts falling due within one year (14,446) (11,839)
Net current assets (liabilities) 12,523 3,248
Total assets less current liabilities 21,748 6,986
Creditors: amounts falling due after more than one year - (4,097)
Provisions for liabilities (1,845) (48)
Total net assets (liabilities) 19,903 2,841
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,803 2,741
Shareholders' funds 19,903 2,841
  • For the year ending 28 February 2013 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 29 May 2013

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 2013

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.

2Intangible fixed assets
£
Cost
At 29 February 2012 17,000
Additions -
Disposals -
Revaluations -
Transfers -
At 28 February 2013 17,000
Amortisation
At 29 February 2012 13,500
Charge for the year 3,500
On disposals -
At 28 February 2013 17,000
Net book values
At 28 February 2013 0
At 28 February 2012 3,500
3Tangible fixed assets
£
Cost
At 29 February 2012 1,325
Additions 9,545
Disposals -
Revaluations -
Transfers -
At 28 February 2013 10,870
Depreciation
At 29 February 2012 1,087
Charge for the year 558
On disposals -
At 28 February 2013 1,645
Net book values
At 28 February 2013 9,225
At 28 February 2012 238

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