Windsock Company Limited ABBREVIATED ACCOUNTS COVER
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Company No. 04367480
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Windsock Company Limited ABBREVIATED BALANCE SHEET
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at
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Company No.
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Notes
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2016
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2015
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£
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£
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Fixed assets
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Tangible assets
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2
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Investments
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2
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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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(
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(
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Net current assets
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Total assets less current liabilities
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Net assets
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Capital and reserves
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Called up share capital
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3
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Profit and loss account
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Shareholder's funds
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Approved by the board on 31 March 2016
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And signed on its behalf by:
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R. Haldane
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Director
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31 March 2016
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Windsock Company Limited NOTES TO THE ABBREVIATED ACCOUNTS
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for the year ended 31 March 2016
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1
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Accounting policies
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Basis of preparation
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Turnover
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Intangible fixed assets and amortisation
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Stocks
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Deferred taxation
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Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon 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 are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted. |
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Research and development
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Foreign currencies
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Transactions in foreign currencies are recorded in sterling using the exchange rate ruling at the date of the transaction. Exchange differences are are taken into account in arriving at the operating profit. |
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Leased assets
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Pension costs
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2
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Fixed assets
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Tangible fixed assets
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Investments
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Total
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£
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£
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£
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Cost or revaluation
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At 1 April 2015
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55,513
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Additions
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-
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883
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Revaluation
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-
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(
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(6,788)
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Disposals
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(
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-
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(964)
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At 31 March 2016
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48,644
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Amortisation
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At 1 April 2015
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-
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6,482
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Charge for the year
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-
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1,491
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Disposals
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(
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-
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(964)
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At 31 March 2016
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-
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7,009
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Net book values
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At 31 March 2016
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41,635
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At 31 March 2015
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49,031
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3
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Share Capital
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Nominal value
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2016
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2016
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2015
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£
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Number
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£
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£
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Allotted, called up and fully paid:
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1,000
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1,000
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