Wallis White & Co Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05599610 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

WALLIS WHITE & CO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr P J White

REGISTERED OFFICE:

Cedar Court

5 College Street

Petersfield

Hampshire

GU31 4AE

REGISTERED NUMBER:

05599610 (England and Wales)

ACCOUNTANTS:

Wallis White & Co

Accountants and Tax Consultants

Cedar Court

5 College Street

Petersfield

Hampshire

GU31 4AE

FIXED ASSETS

Tangible assets

2

20,521

25,127

CURRENT ASSETS

Stocks

27,533

25,230

Debtors

66,178

45,994

Cash at bank

9,178

19,066

102,889

90,290

CREDITORS

Amounts falling due within one year

105,186

112,420

NET CURRENT LIABILITIES

(2,297

)

(22,130

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,224

2,997

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

18,222

2,995

SHAREHOLDERS' FUNDS

18,224

2,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 19 October 2015 and were signed by:

Mr P J White - 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 consists of net invoiced sales of services, 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.

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

38,209

Additions

1,198

At 31 December 2014

39,407

DEPRECIATION

At 1 January 2014

13,082

Charge for year

5,804

At 31 December 2014

18,886

NET BOOK VALUE

At 31 December 2014

20,521

At 31 December 2013

25,127

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

2

Ordinary

1

2

2