Registered Number 09271535

WECAN SOLUTIONS LIMITED

Abbreviated Accounts

31 October 2016

WECAN SOLUTIONS LIMITED Registered Number 09271535

Abbreviated Balance Sheet as at 31 October 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 247,529 46,636
247,529 46,636
Current assets
Stocks 57,960 11,789
Debtors 264,459 83,313
Cash at bank and in hand 1,911 253
324,330 95,355
Creditors: amounts falling due within one year (341,376 ) (124,654 )
Net current assets (liabilities) (17,046 ) (29,299 )
Total assets less current liabilities 230,483 17,337
Creditors: amounts falling due after more than one year (130,118 ) -
Total net assets (liabilities) 100,365 17,337
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 100,265 17,237
Shareholders' funds 100,365 17,337

  • For the year ending 31 October 2016 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 30 August 2017

And signed on their behalf by:
Mr A G Hughes, Director

WECAN SOLUTIONS LIMITED Registered Number 09271535

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1 Accounting 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 January 2015.

Turnover policy
Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts.

Tangible assets depreciation policy
Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life:
Plant and Equipment - 15% written down value
Motor Vehicle - 25% written down value

2 Tangible fixed assets
£
Cost
At 1 November 2015 55,446
Additions 229,229
Disposals -
Revaluations -
Transfers -
At 31 October 2016 284,675
Depreciation
At 1 November 2015 8,810
Charge for the year 28,336
On disposals -
At 31 October 2016 37,146
Net book values
At 31 October 2016 247,529
At 31 October 2015 46,636
3 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100