Company Registration No. 09263582 (England and Wales)
Willow Home Development Limited
Unaudited accounts
for the year ended 31 October 2017
Willow Home Development Limited
Unaudited accounts
Contents
Willow Home Development Limited
Company Information
for the year ended 31 October 2017
Directors
David Salmon
Emma Norrish
David Norrish
Company Number
09263582 (England and Wales)
Registered Office
92 North Wallington
Hampshire
PO16 8TJ
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Willow Home Development Limited
Statement of financial position
as at
31 October 2017
Inventories
174,295
131,570
Cash at bank and in hand
19,956
54
Creditors: amounts falling due within one year
(185,990)
(206,055)
Net current assets/(liabilities)
8,261
(74,431)
Net assets/(liabilities)
8,261
(74,431)
Called up share capital
10
10
Profit and loss account
8,251
(74,441)
Shareholders' funds
8,261
(74,431)
For the year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 12 July 2018.
David Norrish
Director
Company Registration No. 09263582
Willow Home Development Limited
Notes to the Accounts
for the year ended 31 October 2017
Willow Home Development Limited is a private company, limited by shares, registered in England and Wales, registration number 09263582. The registered office is 92 North Wallington, Hampshire, PO16 8TJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Finished goods
174,295
131,570
5
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
1,988
-
Loans from directors
182,545
204,230
Willow Home Development Limited
Notes to the Accounts
for the year ended 31 October 2017
6
Share capital
2017
2016
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
39,594
1,500
12,280
28,814
Director Loan Account
164,635
-
10,904
153,731
204,229
1,500
23,184
182,545
8
Average number of employees
During the year the average number of employees was 3 (2016: 3).