Accounts filed on 31-10-2015

Accounts filed on 31-10-2015

WELLBUILD LIMITED - Company Information

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2014-11-012015-10-3107417862falsetruehttp://www.companieshouse.gov.uk/pt:PlantMachinery2014-10-31http://www.companieshouse.gov.uk/cd:Director12014-11-012015-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2015-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2014-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-11-012015-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2015-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2014-11-012015-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-10-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2014-11-012015-10-31http://www.companieshouse.gov.uk/2013-11-012014-10-31http://www.companieshouse.gov.uk/2014-11-012015-10-31http://www.companieshouse.gov.uk/2014-10-31http://www.companieshouse.gov.uk/2015-10-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2014-11-012015-10-31http://www.companieshouse.gov.uk/2014-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07417862
WellBuild Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/10/2015
Prepared By:
KJW Accountancy Services Limited
Chartered Certified Accountants
3c Hillgate Place
18-20 Balham Hill
London
SW12 9ER

WellBuild Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/10/2015
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 07417862

WellBuild Limited
Registered Number: 07417862
BALANCE SHEET AT 31/10/2015
20152014
Notes££
FIXED ASSETS
Tangible assets23,7686,573
CURRENT ASSETS
Stock-12,000
Debtors (amounts falling due within one year)32,409962
Cash at bank and in hand64,6616,779
67,07019,741
CREDITORS: Amounts falling due within one year34,15822,224
NET CURRENT ASSETS / (LIABILITIES)32,912(2,483)
TOTAL ASSETS LESS CURRENT LIABILITIES36,6804,090
CREDITORS: Amounts falling due after more than one year41,7923,457
NET ASSETS34,888633
CAPITAL AND RESERVES
Called up share capital533
Profit and loss account34,885630
SHAREHOLDERS' FUNDS34,888633
For the year ending 31/10/2015 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 30/11/2015 and signed on their behalf by
Grzegorz Bugajski
Director

WellBuild Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2015
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 25%
Equipmentstraight line 25%
1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

WellBuild Limited
2. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentTotal
£££
Cost
At 01/11/20149,6072,79712,404
Additions-395395
At 31/10/20159,6073,19212,799
Depreciation
At 01/11/20144,7271,1045,831
For the year2,4027983,200
At 31/10/20157,1291,9029,031
Net Book Amounts
At 31/10/20152,4781,2903,768
At 31/10/20144,8801,6936,573
3. DEBTORS 20152014
££
Amounts falling due within one year:
Other debtors2,409962
2,409962

WellBuild Limited
4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20152014
££
Other creditors1,7923,457
1,7923,457
Included in other creditors are:
Obligations under hire purchase1,7923,457
5. SHARE CAPITAL 20152014
££
Allotted, issued and fully paid:
3 Ordinary shares of £1 each33
33
6. RELATED PARTY TRANSACTIONS
As at 31 October 2015 the company owed £13,002 (year ended 31 October 2014: £12,472) to its sole director.
7. TURNOVER
The turnover and pre-tax result is attributable to carpentry and general building services.
20152014
££
Sales342,569203,031
342,569203,031

WellBuild Limited
8. TRANSACTIONS WITH DIRECTORS
During the year the company paid interim divdends to its sole director amounting to: £18,667 (year ended 31/10/2014: £667).
9. CONTROLLING PARTY
The ultimate controlling party of the company is Mr G Bugajski.