Company Registration No. 08501903 (England and Wales)
WEATHEROAK DEVELOPMENTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
WEATHEROAK DEVELOPMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
WEATHEROAK DEVELOPMENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
37,969
45,427
Current assets
Stocks
5,000
3,000
Debtors
97,569
72,198
Cash at bank and in hand
42,157
8,937
144,726
84,135
Creditors: amounts falling due within one year
(136,353)
(91,480)
Net current assets/(liabilities)
8,373
(7,345)
Total assets less current liabilities
46,342
38,082
Capital and reserves
Called up share capital
3
100
100
Revaluation reserve
3,443
4,353
Profit and loss account
42,799
33,629
Shareholders' funds
46,342
38,082
For the financial year ended 30 April 2016 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 for issue on 30 September 2016
Mr Jason Evans
Director
Company Registration No. 08501903
WEATHEROAK DEVELOPMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% Straight Line
Fixtures, fittings & equipment
15% Reducing Balance
Motor vehicles
25% Reducing Balance
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation has not been provided for on the basis that projected capital expenditure is anticipated to be such that timing differences will continue to exist at a similar or increased level each year. As such the directors feel that a liability will not crystallise in the foreseeable future.
WEATHEROAK DEVELOPMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 May 2015
53,336
Additions
650
At 30 April 2016
53,986
Depreciation
At 1 May 2015
7,909
Charge for the year
8,108
At 30 April 2016
16,017
Net book value
At 30 April 2016
37,969
At 30 April 2015
45,427
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100