Company Registration No. 07593570 (England and Wales)
JOHN WOOLLEY BOILERSMITHS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
JOHN WOOLLEY BOILERSMITHS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
JOHN WOOLLEY BOILERSMITHS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,809
6,411
Current assets
Stocks
2,060
2,200
Debtors
4,066
22,919
Cash at bank and in hand
41,818
7,808
47,944
32,927
Creditors: amounts falling due within one year
(40,378)
(26,739)
Net current assets
7,566
6,188
Total assets less current liabilities
12,375
12,599
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
12,275
12,499
Shareholders' funds
12,375
12,599
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.
Director's 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 director acknowledges his 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 K N Bradbury
Director
Company Registration No. 07593570
JOHN WOOLLEY BOILERSMITHS 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 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 less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015 & at 30 April 2016
20,269
Depreciation
At 1 May 2015
13,858
Charge for the year
1,602
At 30 April 2016
15,460
Net book value
At 30 April 2016
4,809
At 30 April 2015
6,411
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 of £1 each
100
100