Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Welham Electrical Wholesalers Ltd
Contents
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Welham Electrical Wholesalers Ltd
(Registration number: 08902034)
Abbreviated Balance Sheet at 31 March 2015
Note |
2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
1
Welham Electrical Wholesalers Ltd
(Registration number: 08902034)
Abbreviated Balance Sheet at 31 March 2015
......... continued
.........................................
Mr S Theodorou
Director
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Mr T Polycarpou
Director
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Mr A Kazerouni
Director
2
Welham Electrical Wholesalers Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
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Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Plant and Machinery |
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Motor Vehicles |
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Short lease hold |
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Stock
Hire purchase and leasing
Welham Electrical Wholesalers Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Financial instruments
Included within other creditors is £90,000 owed to the directors
Creditor amounts falling due after more than one year relate soley to the amounts owed to the directors.
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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Additions |
435,000 |
18,339 |
453,339 |
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At 31 March 2015 |
435,000 |
18,339 |
453,339 |
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Depreciation |
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Charge for the year |
43,500 |
4,782 |
48,282 |
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At 31 March 2015 |
43,500 |
4,782 |
48,282 |
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Net book value |
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At 31 March 2015 |
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Share capital |
Allotted, called up and fully paid shares
2015 |
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No. |
£ |
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