Abbreviated Company Accounts - WINE LEWIS HEMINGWAY LIMITED

WLH FINANCIAL SERVICES LIMITED - Company Information

Registered Number 04323265

WINE LEWIS HEMINGWAY LIMITED

Abbreviated Accounts

28 February 2015

WINE LEWIS HEMINGWAY LIMITED Registered Number 04323265

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,256	1,468
		1,256	1,468
Current assets
Debtors		56,307	55,625
Cash at bank and in hand		7,541	9,601
		63,848	65,226
Creditors: amounts falling due within one year		(57,094)	(57,657)
Net current assets (liabilities)		6,754	7,569
Total assets less current liabilities		8,010	9,037
Creditors: amounts falling due after more than one year		(10,000)	(10,000)
Provisions for liabilities		(176)	(176)
Total net assets (liabilities)		(2,166)	(1,139)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(2,266)	(1,239)
Shareholders' funds		(2,166)	(1,139)

For the year ending 28 February 2015 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.

Approved by the Board on 21 September 2015

And signed on their behalf by:
J I WINE, Director
S M LEWIS, Director

WINE LEWIS HEMINGWAY LIMITED Registered Number 04323265

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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).

The financial statements have also been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed their ongoing financial support of the company.

Turnover policy
The turnover shown in the profit and loss account represents amounts recognised during the year and commissions received.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office Equipment - 15% reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 March 2014	3,612
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	3,612
Depreciation
At 1 March 2014	2,144
Charge for the year	212
On disposals	-
At 28 February 2015	2,356
Net book values
At 28 February 2015	1,256
At 28 February 2014	1,468