A & G WAINWRIGHT LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
Company Registration No. 07260379 (England and Wales)
A & G WAINWRIGHT LIMITED
COMPANY INFORMATION
Directors
Gary Wainwright
Alan Wainwright
Secretary
Lisa Buchanan
Company number
07260379
Registered office
Carlton House
Grammar School Street
Bradford
BD1 4NS
Accountants
Naylor Wintersgill Limited
Carlton House
Grammar School Street
Bradford
BD1 4NS
Business address
6 Verdun Road
Wibsey
Bradford
BD6 3RD
Bankers
Yorkshire Bank
73 North Street
Keighley
BD21 3SD
A & G WAINWRIGHT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
A & G WAINWRIGHT LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
30,000
40,000
Tangible assets
2
2,405
3,213
32,405
43,213
Current assets
Debtors
1,669
4,763
Cash at bank and in hand
47,974
38,212
49,643
42,975
Creditors: amounts falling due within one year
(62,272)
(73,202)
Net current liabilities
(12,629)
(30,227)
Total assets less current liabilities
19,776
12,986
Provisions for liabilities
(481)
(643)
19,295
12,343
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
19,195
12,243
Shareholders' funds
19,295
12,343
For the financial year ended 31 May 2015 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 and authorised for issue on 29 September 2015
Gary Wainwright
Alan Wainwright
Director
Director
Company Registration No. 07260379
A & G WAINWRIGHT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance and 33% straight line
Motor vehicles
25% reducing balance
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 June 2014 & at 31 May 2015
100,000
10,279
110,279
Depreciation
At 1 June 2014
60,000
7,066
67,066
Charge for the year
10,000
808
10,808
At 31 May 2015
70,000
7,874
77,874
Net book value
At 31 May 2015
30,000
2,405
32,405
At 31 May 2014
40,000
3,213
43,213
A & G WAINWRIGHT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary share of £1 each
100
100