Abbreviated Company Accounts - WISPVILLE LIMITED
Abbreviated Company Accounts - WISPVILLE LIMITED
Registered Number 01253109
WISPVILLE LIMITED
Abbreviated Accounts
30 April 2015
WISPVILLE LIMITED Registered Number 01253109
Abbreviated Balance Sheet as at 30 April 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
Investments | 4 |
|
|
|
|||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
|
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
( |
( |
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 5 |
|
|
Revaluation reserve |
|
|
|
Other reserves |
|
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
For the year ending 30 April 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
And signed on their behalf by:
WISPVILLE LIMITED Registered Number 01253109
Notes to the Abbreviated Accounts for the period ended 30 April 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Land and buildings freehold - no depreciation is provided
Short leasehold property - straight line over the life of the lease
Long leasehold property - straight line over the life of the lease
Fixtures, fittings and equipment - 20% - 25% straight line
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
The company does not revalue its freehold properties in accordance with FRS15, in the opinion of the directors the market value is in excess of the net book value, accordingly they have adopted the policy of not depreciating them.
£ | |
---|---|
Cost | |
At 1 May 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 April 2015 |
|
Amortisation | |
At 1 May 2014 |
|
Charge for the year |
|
On disposals |
|
At 30 April 2015 |
|
Net book values | |
At 30 April 2015 | 1 |
At 30 April 2014 | 1 |
£ | |
---|---|
Cost | |
At 1 May 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 April 2015 |
|
Depreciation | |
At 1 May 2014 |
|
Charge for the year |
|
On disposals |
|
At 30 April 2015 |
|
Net book values | |
At 30 April 2015 | 646,921 |
At 30 April 2014 | 716,686 |
4Fixed assets Investments