Waypoint Development and Construction Limited - Period Ending 2014-12-31

Registration number: 04597903

Waypoint Development and Construction Limited
 
 Unaudited Abbreviated Accounts
 
 for the Year Ended 31 December 2014
 

Waypoint Development and Construction Limited
(Registration number: 04597903)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			2,073			2,591
Current assets
Cash at bank and in hand					39			-
Creditors: Amounts falling due within one year					(26,129)			(26,035)
Net current liabilities					(26,090)			(26,035)
Total assets less current liabilities					(24,017)			(23,444)
Provisions for liabilities					(415)			(518)
Net liabilities					(24,432)			(23,962)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(24,532)			(24,062)
Shareholders' deficit					(24,432)			(23,962)

The notes on pages 3 to 4 form an integral part of these financial statements.
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Waypoint Development and Construction Limited
(Registration number: 04597903)
Abbreviated Balance Sheet at 31 December 2014
......... continued

For the year ending 31 December 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 20 February 2015 and signed on its behalf by:

.........................................
Mr A W Stubbs
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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Waypoint Development and Construction Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Waypoint Development and Construction Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		5,424			5,424
At 31 December 2014		5,424			5,424
Depreciation
At 1 January 2014		2,833			2,833
Charge for the year		518			518
At 31 December 2014		3,351			3,351
Net book value
At 31 December 2014		2,073			2,073
At 31 December 2013		2,591			2,591

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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