Philip Whelton Limited - Abbreviated accounts

Registered number

06365079

Philip Whelton Limited

Abbreviated Accounts

5 April 2015

Philip Whelton Limited
Registered number:		06365079
Abbreviated Balance Sheet
as at 5 April 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		5,229			6,712

Current assets
Stocks		2,417			417
Debtors		2,789			3,535
Cash at bank and in hand		384			1,750
		5,590			5,702

Creditors: amounts falling due within one year		(8,566)			(10,915)

Net current liabilities			(2,976)			(5,213)

Net assets			2,253			1,499

Capital and reserves
Called up share capital	3		4			4
Profit and loss account			2,249			1,495

Shareholders' funds			2,253			1,499

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Philip Whelton
Director
Approved by the board on 13 August 2015

Philip Whelton Limited
Notes to the Abbreviated Accounts
for the year ended 5 April 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.


2	Tangible fixed assets					£

	Cost
	At 6 April 2014					16,285
	Additions					260
	At 5 April 2015					16,545

	Depreciation
	At 6 April 2014					9,573
	Charge for the year					1,743
	At 5 April 2015					11,316

	Net book value
	At 5 April 2015					5,229
	At 5 April 2014					6,712


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		4		4		4