Philip Whelton Limited
|
Registered number: |
06365079
|
Abbreviated Balance Sheet |
as at 5 April 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
5,229 |
|
|
6,712 |
|
Current assets |
Stocks |
|
|
2,417 |
|
|
417 |
Debtors |
|
|
2,789 |
|
|
3,535 |
Cash at bank and in hand |
|
|
384 |
|
|
1,750 |
|
|
|
5,590 |
|
|
5,702 |
|
Creditors: amounts falling due within one year |
|
|
(8,566) |
|
|
(10,915) |
|
Net current liabilities |
|
|
|
(2,976) |
|
|
(5,213) |
|
Net assets |
|
|
|
2,253 |
|
|
1,499 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
4 |
|
|
4 |
Profit and loss account |
|
|
|
2,249 |
|
|
1,495 |
|
Shareholders' funds |
|
|
|
2,253 |
|
|
1,499 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Philip Whelton |
Director |
Approved by the board on 13 August 2015
|
|
Philip Whelton Limited
|
Notes to the Abbreviated Accounts |
for the year ended 5 April 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
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.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance
|
|
Motor vehicles |
25% reducing balance
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 6 April 2014 |
16,285 |
|
Additions |
260 |
|
At 5 April 2015 |
16,545 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 6 April 2014 |
9,573 |
|
Charge for the year |
1,743 |
|
At 5 April 2015 |
11,316 |
|
|
|
|
|
|
|
|
Net book value |
|
At 5 April 2015 |
5,229 |
|
At 5 April 2014 |
6,712 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
4 |
|
4 |
|
4 |
|
|
|
|
|
|
|
|
|