WREN_ENVIRONMENTAL_LIMITE - Accounts

WREN ENVIRONMENTAL LIMITED - Company Information

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Company Registration No. 02669441 (England and Wales)

WREN ENVIRONMENTAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

WREN ENVIRONMENTAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WREN ENVIRONMENTAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

62,439

93,366

Current assets

Stocks

9,000

11,265

Debtors

1,207,291

1,277,129

Cash at bank and in hand

964,105

939,801

2,180,396

2,228,195

Creditors: amounts falling due within one year

(932,912)

(1,163,203)

Net current assets

1,247,484

1,064,992

Total assets less current liabilities

1,309,923

1,158,358

Capital and reserves

Called up share capital

1,000

Profit and loss account

1,308,923

1,157,358

Shareholders' funds

1,309,923

1,158,358

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 6 August 2015

Mr Paul Hurrell

Mr Alan Neely

Director

Company Registration No. 02669441

WREN ENVIRONMENTAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

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 April 2008).

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 supplied 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:

Land and buildings Leasehold

33.3% straight line

Computer equipment

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

WREN ENVIRONMENTAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2014

372,353

Additions

4,101

Disposals

(66,937)

At 31 March 2015

309,517

Depreciation

At 1 April 2014

278,987

On disposals

(52,740)

Charge for the year

20,831

At 31 March 2015

247,078

Net book value

At 31 March 2015

62,439

At 31 March 2014

93,366

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000