Company Registration No. 01351032 (England and Wales)
WALLHEATH ENGINEERING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
WALLHEATH ENGINEERING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
WALLHEATH ENGINEERING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
9,399
11,478
Current assets
Stocks
3,401
3,279
Debtors
53,600
84,330
Cash at bank and in hand
7,360
12,443
64,361
100,052
Creditors: amounts falling due within one year
(63,537)
(80,017)
Net current assets
824
20,035
Total assets less current liabilities
10,223
31,513
Provisions for liabilities
(1,625)
(1,985)
8,598
29,528
Capital and reserves
Called up share capital
3
50
50
Profit and loss account
8,548
29,478
Shareholders' funds
8,598
29,528
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 21 December 2016
Mr P J Ingram
Ms H Perry
Director
Director
Company Registration No. 01351032
WALLHEATH ENGINEERING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
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 January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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:
Plant and machinery
10% Straight line basis
Fixtures, fittings & equipment
10% Straight line basis
Motor vehicles
25% Reducing balance basis
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
98,207
Additions
278
At 31 March 2016
98,485
Depreciation
At 1 April 2015
86,729
Charge for the year
2,357
At 31 March 2016
89,086
Net book value
At 31 March 2016
9,399
At 31 March 2015
11,478
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
50 Ordinary shares of £1 each
50
50