Woodward Hambly Webb Ltd - Period Ending 2019-04-30
Woodward Hambly Webb Ltd - Period Ending 2019-04-30
Registration number:
for the Year Ended
Pages for filing with Registrar
Woodward Hambly Webb Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Woodward Hambly Webb Ltd
Company Information
Director |
L A Hambly |
Registered office |
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Registered number |
05504253 |
Accountants |
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Woodward Hambly Webb Ltd
(Registration number: 05504253)
Balance Sheet as at 30 April 2019
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2019 |
2018 |
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Fixed assets |
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Tangible assets |
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Current assets |
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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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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Woodward Hambly Webb Ltd
(Registration number: 05504253)
Balance Sheet as at 30 April 2019
For the financial year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
L A Hambly
Director
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Woodward Hambly Webb Ltd
Notes to the Financial Statements for the Year Ended 30 April 2019
Statutory information |
The company is a incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.
Tangible assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation. The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.
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Woodward Hambly Webb Ltd
Notes to the Financial Statements for the Year Ended 30 April 2019
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Equipment |
25% on reducing balance |
Short leasehold |
25% on reducing balance |
Properties under construction |
25% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are recognised initially at the transaction price. They are subsequently measured less any provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Woodward Hambly Webb Ltd
Notes to the Financial Statements for the Year Ended 30 April 2019
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Woodward Hambly Webb Ltd
Notes to the Financial Statements for the Year Ended 30 April 2019
Tangible assets |
Land and buildings |
Improvements to property |
Other property, plant and equipment |
Total |
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Cost or valuation |
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At 1 May 2018 |
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Additions |
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At 30 April 2019 |
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Depreciation |
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At 1 May 2018 |
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Charge for the year |
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At 30 April 2019 |
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Carrying amount |
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At 30 April 2019 |
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At 30 April 2018 |
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Debtors: amounts falling due within one year |
2019 |
2018 |
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Trade debtors |
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Other debtors |
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Woodward Hambly Webb Ltd
Notes to the Financial Statements for the Year Ended 30 April 2019
Creditors: amounts falling due within one year |
Note |
2019 |
2018 |
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Trade creditors |
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Taxation and social security |
- |
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Other creditors |
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Directors' loan accounts |
487 |
4,944 |
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Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
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No. |
£ |
No. |
£ |
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33 |
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33 |
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33 |
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33 |
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33 |
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33 |
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Dividends |
Interim dividends paid
2019 |
2018 |
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Interim dividend of £1 per each Ordinary A share |
- |
5,500 |
Interim dividend of £1 per each Ordinary C share |
17,000 |
30,000 |
17,000 |
35,500 |
Related party transactions |
The company owed Woodward A P Ltd £20,614 (2018: £20,614) as at 30 April 2019.
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