Wettone Matthews Limited - Limited company - abbreviated - 11.6

Wettone Matthews Limited - Limited company - abbreviated - 11.6

WETTONE MATTHEWS LIMITED - Company Information

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REGISTERED NUMBER: 04262586 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015

FOR

WETTONE MATTHEWS LIMITED

WETTONE MATTHEWS LIMITED (REGISTERED NUMBER: 04262586)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

WETTONE MATTHEWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2015







DIRECTORS: P du Gay
P K Susans
Mrs W A Croucher





SECRETARY: P du Gay





REGISTERED OFFICE: Market House
21 Lenten Street
Alton
Hampshire
GU34 1HG





REGISTERED NUMBER: 04262586 (England and Wales)





ACCOUNTANTS: Wettone Matthews Limited
Chartered Certified Accountants
Market House
21 Lenten Street
Alton
GU34 1HG
Page 1
WETTONE MATTHEWS LIMITED (REGISTERED NUMBER: 04262586)

ABBREVIATED BALANCE SHEET
31 MAY 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 140,625 163,125
Tangible assets 3 14,078 18,112
154,703 181,237

CURRENT ASSETS
Debtors 478,772 407,586
Cash at bank and in hand 81,903 43,172
560,675 450,758
CREDITORS
Amounts falling due within one year 311,289 203,209
NET CURRENT ASSETS 249,386 247,549
TOTAL ASSETS LESS CURRENT
LIABILITIES
404,089
428,786

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Profit and loss account 403,089 427,786
SHAREHOLDERS' FUNDS 404,089 428,786

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 15 October 2015 and were signed on its behalf by:



Mrs W A Croucher - Director


The notes form part of these abbreviated accounts

Page 2
WETTONE MATTHEWS LIMITED (REGISTERED NUMBER: 04262586)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015


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 services, excluding value added tax, except in respect of service
contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

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

Office furniture - 25% on reducing balance
Office equipment - 25% on reducing balance

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

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 June 2014
and 31 May 2015 488,000
AMORTISATION
At 1 June 2014 324,875
Amortisation for year 22,500
At 31 May 2015 347,375
NET BOOK VALUE

At 31 May 2015 140,625
At 31 May 2014 163,125

Page 3 continued...
WETTONE MATTHEWS LIMITED (REGISTERED NUMBER: 04262586)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MAY 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2014 48,892
Additions 796
At 31 May 2015 49,688
DEPRECIATION
At 1 June 2014 30,780
Charge for year 4,830
At 31 May 2015 35,610
NET BOOK VALUE
At 31 May 2015 14,078
At 31 May 2014 18,112

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 4