Winch Solutions Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06009924 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2015

for

Winch Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Bimson

SECRETARY:

J Bimson

REGISTERED OFFICE:

Unit 27, Winchester Road

Haydock Industrial Estate

Haydock

Merseyside

WA11 9XQ

REGISTERED NUMBER:

06009924 (England and Wales)

ACCOUNTANTS:

Ashford Rainham Limited

10-12 Upper Dicconson St

Wigan

Lancashire

WN1 2AD

FIXED ASSETS

Intangible assets

2

44,660

66,591

Tangible assets

3

34,553

27,039

79,213

93,630

CURRENT ASSETS

Stocks

519,616

403,006

Debtors

397,159

407,825

Cash at bank and in hand

184,897

93,451

1,101,672

904,282

CREDITORS

Amounts falling due within one year

873,264

706,825

NET CURRENT ASSETS

228,408

197,457

TOTAL ASSETS LESS CURRENT LIABILITIES

307,621

291,087

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

307,521

290,987

SHAREHOLDERS' FUNDS

307,621

291,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 August 2015 and were signed by:

J Bimson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

218,900

AMORTISATION

At 1 May 2014

152,309

Amortisation for year

21,931

At 30 April 2015

174,240

NET BOOK VALUE

At 30 April 2015

44,660

At 30 April 2014

66,591

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

56,048

Additions

18,910

At 30 April 2015

74,958

DEPRECIATION

At 1 May 2014

29,009

Charge for year

11,396

At 30 April 2015

40,405

NET BOOK VALUE

At 30 April 2015

34,553

At 30 April 2014

27,039

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1.00

100

100