WILLIAM_CARTER_LIMITED - Accounts
WILLIAM_CARTER_LIMITED - Accounts
Company Registration No. 04454116 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
Richard Anthony
Chartered Accountants
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
-
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(77,338 )
(84,141 )
Net current liabilities
(8,406 )
(28,049 )
Total assets less current liabilities
(7,390 )
(27,492 )
Capital and reserves
Called up share capital
3
Profit and loss account
(7,490 )
(27,592 )
Shareholders' funds
(7,390 )
(27,492 )
Director's responsibilities:
-
-
Approved by the Board for issue on 18 December 2015
Director
Company Registration No. 04454116
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The company meets its day to day working capital requirements through an overdraft facility which is repayable on demand.
The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. The director have prepared projected cash flow information for the period ending 9 months from the date of their approval of these financial statements. On the basis of this cash flow information and discussions with the company's bankers, the director consider that the company will continue to operate within the facility currently agreed and within that which they expect will be agreed on (date), when the company's bankers are due to consider renewing the facility for a further year.
However, the margin of facilities over requirements is not large and, inherently there can be no certainty in relation to these matters. On this basis, the director consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the overdraft facility by the company's bankers.
The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. The director have prepared projected cash flow information for the period ending 9 months from the date of their approval of these financial statements. On the basis of this cash flow information and discussions with the company's bankers, the director consider that the company will continue to operate within the facility currently agreed and within that which they expect will be agreed on (date), when the company's bankers are due to consider renewing the facility for a further year.
However, the margin of facilities over requirements is not large and, inherently there can be no certainty in relation to these matters. On this basis, the director consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the overdraft facility by the company's bankers.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Computer equipment
Fixtures, fittings & equipment
1.5
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
2,312
Additions
1,115
At 31 March 2015
3,427
Depreciation
At 1 April 2014
1,756
Charge for the year
655
At 31 March 2015
2,411
Net book value
At 31 March 2015
1,016
At 31 March 2014
557
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid