Abbreviated Company Accounts - W.F. VASEY & SON LIMITED

W.F. VASEY & SON LIMITED - Company Information

00800947 W.F. VASEY & SON LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 00800947 2013-07-01 2014-06-30 00800947 2014-06-30 00800947 2013-06-30 00800947 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 00800947 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 00800947

W.F. VASEY & SON LIMITED

Abbreviated Accounts

30 June 2014

W.F. VASEY & SON LIMITED Registered Number 00800947

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	386,197	376,457
		386,197	376,457
Current assets
Debtors		12,136	24,639
Cash at bank and in hand		246,300	376,231
		258,436	400,870
Net current assets (liabilities)		258,436	400,870
Total assets less current liabilities		644,633	777,327
Creditors: amounts falling due after more than one year	3	(17,377)	(21,303)
Total net assets (liabilities)		627,256	756,024
Capital and reserves
Called up share capital	4	15,000	15,000
Revaluation reserve		269,644	269,644
Profit and loss account		342,612	471,380
Shareholders' funds		627,256	756,024

For the year ending 30 June 2014 the company was entitled to exemption 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.

Approved by the Board on 31 March 2015

And signed on their behalf by:
G Vasey, Director

W.F. VASEY & SON LIMITED Registered Number 00800947

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Revenue is measured at the fair value of the consideration received or receivable for the provision of goods and services to customers outside the company net of returns and sales allowances (and VAT).

Revenue from goods and services is recognised at the point the company fulfils its commercial obligations to the customer, the revenue and costs in respect of the transaction can be measured reliably and collectability is reasonably assured.

Tangible assets depreciation policy
Motor Vehicles - 25% reducing balance
Equipment - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 July 2013	393,433
Additions	20,000
Disposals	(22,980)
Revaluations	-
Transfers	-
At 30 June 2014	390,453
Depreciation
At 1 July 2013	16,976
Charge for the year	970
On disposals	(13,690)
At 30 June 2014	4,256
Net book values
At 30 June 2014	386,197
At 30 June 2013	376,457

3Creditors

	2014 £	2013 £
Secured Debts	0	6,325

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
15,000 Ordinary shares of £1 each	15,000	15,000