WILTON DECORATORS LIMITED
|
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06504832
WILTON DECORATORS LIMITED
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
WILTON DECORATORS LIMITED
Accountants' Report
For the year ended 31 March 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
31
March
2016
and you consider that the company is exempt from an audit under the Companies Act
2006
.
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In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
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Tax Help Direct
1155a London Road
Leigh-on-Sea
Essex
SS9 3JE
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Abbreviated Balance Sheet
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WILTON DECORATORS LIMITED
2016
2015
2
6,792
9,056
6,792
9,056
10,000
10,000
50,722
38,704
2,668
100
51,372
60,822
Creditors
:
amounts falling due within one year
|
(67,636)
(56,706)
(6,814)
(5,334)
Net current liabilities
Total assets less current liabilities
|
1,458
2,242
Creditors
:
amounts falling due after more than one year
|
(1,772)
(975)
483
Net assets
470
100
3
100
383
370
483
470
Shareholders funds
For the 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.
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Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 08 November 2016
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Signed on behalf of the board of directors
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2 of 4
Notes to the Abbreviated Financial Statements
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WILTON DECORATORS LIMITED
For the year ended 31 March 2016
The financial statements are 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
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The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
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by the shareholders prior to the balance sheet date
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Motor Vehicles
Fixtures and Fittings
Assets on finance lease and hire purchase
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Assets held under finance lease or hire purchase contracts i
.
e
.
those contracts where substantially all the risks and
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rewards of ownership have passed to the company
,
are included in the appropriate category of tangible fixed assets
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and depreciated over the shorter of the lease term and their estimated expected useful lives
.
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Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods
.
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Stocks and work in progress
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Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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3 of 4
Notes to the Abbreviated Financial Statements
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WILTON DECORATORS LIMITED
For the year ended 31 March 2016
33,300
33,300
24,244
2,264
Charge for year
26,508
6,792
9,056
Allotted called up and fully paid
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2016
2015
100
Class A shares of £
1
.
00
each
|
100
100
100
100
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