Abbreviated Company Accounts - WHERRY ASSOCIATES LIMITED

WHERRY ASSOCIATES LIMITED - Company Information

07263971 WHERRY ASSOCIATES LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 07263971 2014-06-01 2015-05-31 07263971 2015-05-31 07263971 2014-05-31 07263971 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 07263971 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2015-05-31 uk-gaap-cd-bus:Director3 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 07263971

WHERRY ASSOCIATES LIMITED

Abbreviated Accounts

31 May 2015

WHERRY ASSOCIATES LIMITED Registered Number 07263971

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,756	5,008
		3,756	5,008
Current assets
Debtors		7,145	2,475
Cash at bank and in hand		9,460	8,717
		16,605	11,192
Creditors: amounts falling due within one year		(20,039)	(15,455)
Net current assets (liabilities)		(3,434)	(4,263)
Total assets less current liabilities		322	745
Total net assets (liabilities)		322	745
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		222	645
Shareholders' funds		322	745

For the year ending 31 May 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 3 February 2016

And signed on their behalf by:
Michael Montgomery, Director

WHERRY ASSOCIATES LIMITED Registered Number 07263971

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Revenue is recognised when the company fulfils contractual obligations to customers of the supply of its services. Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over it's expected useful expected life, as follows:
Fixtures, fittings and equipment - 25% Reducing balance basis

Other accounting policies
At the balance sheet date, the company's current liabilities exceeded its current assets. These accounts have been prepared on a going concern basis that the director is of the opinion that the company will continue to generate sufficient funds to meet all its debts and liabilities as and when they fall due.

2Tangible fixed assets

	£
Cost
At 1 June 2014	8,064
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	8,064
Depreciation
At 1 June 2014	3,056
Charge for the year	1,252
On disposals	-
At 31 May 2015	4,308
Net book values
At 31 May 2015	3,756
At 31 May 2014	5,008

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	Michael Montgomery
Description of the transaction:	Advances to director
Balance at 1 June 2014:	£ 2,475
Advances or credits made:	£ 4,670
Advances or credits repaid:	-
Balance at 31 May 2015:	£ 7,145