Company Registration No. 01336145 (England and Wales)
GUILDWRIGHT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
GUILDWRIGHT LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3
GUILDWRIGHT LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GUILDWRIGHT LIMITED FOR THE YEAR ENDED 31 MARCH 2015
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Guildwright Limited for the year ended 31 March 2015 set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Guildwright Limited, as a body, in accordance with the terms of our engagement letter dated 22 August 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Guildwright Limited and state those matters that we have agreed to state to the Board of Directors of Guildwright Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Guildwright Limited and it's Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Guildwright 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 Guildwright Limited. You consider that Guildwright Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Guildwright 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.
Nunn Hayward
19 June 2015
Chartered Accountants
63 - 67 Kingston Road
New Malden
Surrey
KT3 3PB
GUILDWRIGHT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
736
1
Current assets
Debtors
13,353
12,761
Cash at bank and in hand
19,836
34,985
33,189
47,746
Creditors: amounts falling due within one year
(26,531)
(27,581)
Net current assets
6,658
20,165
Total assets less current liabilities
7,394
20,166
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
7,294
20,066
Shareholders' funds
7,394
20,166
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 June 2015
M Werrett
Director
Company Registration No. 01336145
GUILDWRIGHT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
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1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for services net of value added tax and is recognised on delivery of these services to the customer.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Equipment
25% per annum on the straight line basis
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
6,871
Additions
982
At 31 March 2015
7,853
Depreciation
At 1 April 2014
6,870
Charge for the year
247
At 31 March 2015
7,117
Net book value
At 31 March 2015
736
At 31 March 2014
1
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100