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Abbreviated Unaudited Accounts for the Year Ended 30 April 2016 |
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Williams & Rose Developments Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 30 April 2016 |
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for |
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Williams & Rose Developments Limited |
Williams & Rose Developments Limited (Registered number: 08016873) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 April 2016 |
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Page |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Abbreviated Balance Sheet | 3 |
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Notes to the Abbreviated Accounts | 5 |
Williams & Rose Developments Limited |
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Company Information |
for the Year Ended 30 April 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Williams & Rose Developments Limited |
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The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited |
financial statements, from which the unaudited abbreviated accounts (set out on pages three to six) have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Williams & Rose Developments Limited for the year ended 30 April 2016 which comprise the Profit and Loss |
Account, the Balance Sheet, the Cash Flow Statement, the Statement of Total Recognised Gains and Losses and the related notes |
from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
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This report is made solely to the director of Williams & Rose Developments Limited in accordance with the terms of our engagement letter dated 20 November 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Williams & Rose Developments Limited and state those matters that we have agreed to state to the director of Williams & Rose Developments Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Williams & Rose Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Williams & Rose Developments Limited. You consider that Williams & Rose Developments Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Williams & Rose Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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18 July 2016 |
Williams & Rose Developments Limited (Registered number: 08016873) |
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Abbreviated Balance Sheet |
30 April 2016 |
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30.4.16 | 30.4.15 |
Notes | £ | £ | £ | £ |
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 LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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PROVISIONS FOR LIABILITIES |
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NET (LIABILITIES)/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
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(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. |
Williams & Rose Developments Limited (Registered number: 08016873) |
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Abbreviated Balance Sheet - continued |
30 April 2016 |
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The financial statements were approved by the director on
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Williams & Rose Developments Limited (Registered number: 08016873) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 April 2016 |
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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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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small |
company. |
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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 | - |
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Motor vehicles | - |
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Computer equipment | - |
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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 |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 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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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2015 |
and 30 April 2016 |
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AMORTISATION |
Amortisation for year |
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At 30 April 2016 |
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NET BOOK VALUE |
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At 30 April 2016 |
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At 30 April 2015 |
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The goodwill was acquired in the last month of the 2015 year and therefore was not been amortised in that year. |
Williams & Rose Developments Limited (Registered number: 08016873) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2016 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 May 2015 |
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Additions |
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At 30 April 2016 |
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DEPRECIATION |
At 1 May 2015 |
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Charge for year |
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At 30 April 2016 |
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NET BOOK VALUE |
At 30 April 2016 |
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At 30 April 2015 |
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The plant and machinery and motor acquired on the incorporation of SP Williams sole trade were acquired in the last month |
of the 2015 year and were therefore not depreciated in the 2015 year. |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.16 | 30.4.15 |
value: | £ | £ |
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Ordinary £1 shares | £1 |
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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 30 April 2016 and 30 April 2015: |
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30.4.16 | 30.4.15 |
£ | £ |
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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 above balance has arisen due to expenses paid for by the director on behalf of the company, transfers and |
reimbursements to the director, his dividends for the year plus personal expenses paid for by the business. The loan is |
interest free and no amounts have been written off in the year. |