Wassell Grove Management Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03708071 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

WASSELL GROVE MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

I G Martin

SECRETARY:

Mrs N F Martin

REGISTERED OFFICE:

Wassell Grove Business Centre

Wassell Grove Lane

Stourbridge

West Midlands

DY9 9JH

REGISTERED NUMBER:

03708071 (England and Wales)

FIXED ASSETS

Tangible assets

2

6,592

8,766

CURRENT ASSETS

Debtors

63,673

62,252

Cash at bank

1

1

63,674

62,253

CREDITORS

Amounts falling due within one year

125,739

105,348

NET CURRENT LIABILITIES

(62,065

)

(43,095

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(55,473

)

(34,329

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(55,475

)

(34,331

)

SHAREHOLDERS' FUNDS

(55,473

)

(34,329

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 17 December 2015 and were signed by:

I G Martin - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The balance sheet shows an excess of liabilities over assets. The director remains confident that the company will

be able to meet its liabilities as and when they fall due over the next twelve months and has undertaken to

support the company for the foreseeable future. Accordingly, the financial statements have been prepared on the

going concern basis.

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 is stated net of value added tax, trade discounts, etc and represents total services provided during the

period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 15% on reducing balance

Deferred tax

Deferred tax is provided using the liability method in respect of all timing differences that have originated but

not reversed at the balance sheet date.Deferred tax assets are recognised where it is considered more likely than

not that future profits will be available for offset.The company has not adopted a policy of discounting deferred

tax assets and liabilities.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor are charged against profits on a straight line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

52,575

Additions

1,167

At 31 March 2015

53,742

DEPRECIATION

At 1 April 2014

43,809

Charge for year

3,341

At 31 March 2015

47,150

NET BOOK VALUE

At 31 March 2015

6,592

At 31 March 2014

8,766

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

2

Ordinary

£1

2

2