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