REGISTERED NUMBER:
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W D JOINERY LTD |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 29 FEBRUARY 2016 |
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DRAFT |
REGISTERED NUMBER:
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W D JOINERY LTD |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 29 FEBRUARY 2016 |
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W D JOINERY LTD (REGISTERED NUMBER: 04622989) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 29 FEBRUARY 2016 |
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DRAFT |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
W D JOINERY LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 29 FEBRUARY 2016 |
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DRAFT |
DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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T/A Maynard Johns |
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W D JOINERY LTD (REGISTERED NUMBER: 04622989) |
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ABBREVIATED BALANCE SHEET |
29 FEBRUARY 2016 |
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2016 | 2015 |
Notes | £ | £ |
DRAFT |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
W D JOINERY LTD (REGISTERED NUMBER: 04622989) |
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ABBREVIATED BALANCE SHEET - continued |
29 FEBRUARY 2016 |
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DRAFT |
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The financial statements were approved by the director on
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W D JOINERY LTD (REGISTERED NUMBER: 04622989) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 29 FEBRUARY 2016 |
DRAFT |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where |
turnover is recognised when the company obtains the right to consideration. |
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Goodwill |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
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Deferred tax |
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of |
certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing |
differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only |
to the extent that the directors consider that it is more likely than not that they will be recovered against the reversal of |
deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the |
average tax rates that would apply when the timing differences are expected to reverse, based on the tax rates and laws that |
have been enacted by the balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are |
charged to the profit and loss account in the period to which they relate. |
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Amounts recoverable on contracts |
Amounts recoverable on contracts, which are included in debtors, are stated at the net sales value of the work done after |
provisions for contingencies and anticipated future losses on contracts, less amount received as progress payments on |
account. Excess progress payments are included in creditors as payments received on account. |
W D JOINERY LTD (REGISTERED NUMBER: 04622989) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 29 FEBRUARY 2016 |
DRAFT |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 March 2015 |
and 29 February 2016 |
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AMORTISATION |
At 1 March 2015 |
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Amortisation for year |
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At 29 February 2016 |
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NET BOOK VALUE |
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At 29 February 2016 |
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At 28 February 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 March 2015 |
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Additions |
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Disposals | ( |
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At 29 February 2016 |
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DEPRECIATION |
At 1 March 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 29 February 2016 |
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NET BOOK VALUE |
At 29 February 2016 |
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At 28 February 2015 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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W D JOINERY LTD (REGISTERED NUMBER: 04622989) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 29 FEBRUARY 2016 |
DRAFT |
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5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 29 February 2016 and 28 February 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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The company charged interest on the loan to the director at a rate of 3% per annum from 6 April 2015. The interest unpaid |
at the year end is £1000. |