Company Registration No. 02718203 (England and Wales)
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED
Abbreviated unaudited accounts
for the year ended 31 March 2016
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED
Abbreviated Balance Sheet
as at
31 March 2016
Tangible assets
27,586
28,271
Cash at bank and in hand
3,384
8,614
Creditors: amounts falling due within one year
(3,799)
(5,488)
Net current assets
15,391
20,736
Total assets less current liabilities
42,977
49,007
Provisions for liabilities
(59)
(425)
Called up share capital
18,590
18,590
Share premium
9,200
9,200
Profit and loss account
15,128
20,792
Total shareholders' funds
42,918
48,582
For the year ending 31 March 2016 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 19 October 2016
R J Marshall
Director
Company Registration No. 02718203
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
20% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
2
Tangible fixed assets
Land & buildings
Plant & machinery
Total
At 1 April 2015
33,569
38,900
72,469
At 31 March 2016
33,569
39,704
73,273
At 1 April 2015
8,582
35,616
44,198
Charge for the year
672
817
1,489
At 31 March 2016
9,254
36,433
45,687
At 31 March 2016
24,315
3,271
27,586
At 31 March 2015
24,987
3,284
28,271
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
3
Share capital
2016
2015
Allotted, called up and fully paid:
18,590 Ordinary shares of £1 each
18,590
18,590