Wrightsons Developments Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03145705 (England and Wales)

WRIGHTSONS DEVELOPMENTS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C P Wright

A S Wright

SECRETARY:

A S Wright

REGISTERED OFFICE:

Brownings Farm

Lewes Road

Blackboys

Uckfield

East Sussex

TN22 5HG

REGISTERED NUMBER:

03145705 (England and Wales)

ACCOUNTANTS:

Atkinson Finch & Co

Chartered Accountants

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

BANKERS:

The Co-operative Bank Plc

Olympic House

6 Olympic Court

Salford

M5 2QP

FIXED ASSETS

Tangible assets

2

1,809

2,843

CURRENT ASSETS

Stocks

1,481,097

1,415,537

Debtors

14,474

6,578

Cash at bank

5,374

7,378

1,500,945

1,429,493

CREDITORS

Amounts falling due within one year

847,456

964,046

NET CURRENT ASSETS

653,489

465,447

TOTAL ASSETS LESS CURRENT LIABILITIES

655,298

468,290

PROVISIONS FOR LIABILITIES

362

569

NET ASSETS

654,936

467,721

CAPITAL AND RESERVES

Called up share capital

3

225,000

180,000

Share premium

135,000

-

Profit and loss account

294,936

287,721

SHAREHOLDERS' FUNDS

654,936

467,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 14th August 2015 and were signed on its behalf by:

C P Wright - 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.

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

-

20% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

12,609

Additions

480

At 31st March 2015

13,089

DEPRECIATION

At 1st April 2014

9,766

Charge for year

1,514

At 31st March 2015

11,280

NET BOOK VALUE

At 31st March 2015

1,809

At 31st March 2014

2,843

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

225,000

Ordinary

£1

225,000

180,000

(2014 - 180,000 )

45,000 Ordinary shares of £1 each were allotted as fully paid at a premium of £3 per share during the year.