Webb Mechanical Ltd - Abbreviated accounts

WEBB MECHANICAL LTD - Company Information

Webb Mechanical Ltd
Registered number:		07557209
Directors' Report

The directors present their report and accounts for the year ended 31 March 2015.

Principal activities
The company's principal activity during the year continued to be property manager and building and book keeping services.

Directors
The following persons served as directors during the year:

	David Webb
	Tahira Webb

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 29 January 2016 and signed on its behalf.





David Webb
Director

Webb Mechanical Ltd
Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	5		33,528			37,874

Current assets
Stocks		44,235			64,573
Debtors	6	32,745			25,645
Cash at bank and in hand		(31,110)			24,767
		45,870			114,985

Creditors: amounts falling due within one year	7	12,748			(79,847)

Net current assets			58,618			35,138

Total assets less current liabilities			92,146			73,012

Creditors: amounts falling due after more than one year	8		(5,022)			(10,006)



Net assets			87,124			63,006

Capital and reserves
Called up share capital	9		10			10
Profit and loss account	10		87,114			62,996

Shareholders' funds			87,124			63,006

The directors are 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 directors acknowledge their 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.




David Webb
Director
Approved by the board on 29 January 2016

Registered number

07557209

Webb Mechanical Ltd

Abbreviated Accounts

31 March 2015

Webb Mechanical Ltd
Registered number:		07557209
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		33,528			37,874

Current assets
Stocks		44,235			64,573
Debtors		32,745			25,645
Cash at bank and in hand		(31,110)			24,767
		45,870			114,985

Creditors: amounts falling due within one year		12,748			(79,847)

Net current assets			58,618			35,138

Total assets less current liabilities			92,146			73,012

Creditors: amounts falling due after more than one year			(5,022)			(10,006)



Net assets			87,124			63,006

Capital and reserves
Called up share capital	3		10			10
Profit and loss account			87,114			62,996

Shareholders' funds			87,124			63,006

The directors are 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 directors acknowledge their 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.



David Webb
Director
Approved by the board on 29 January 2016

Webb Mechanical Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 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			20% straight line
	Motor vehicles			25% straight line

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

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 April 2014					47,512
	Additions					450
	At 31 March 2015					47,962

	Depreciation
	At 1 April 2014					9,638
	Charge for the year					4,796
	At 31 March 2015					14,434

	Net book value
	At 31 March 2015					33,528
	At 31 March 2014					37,874


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		10		10