WEP FABRICATIONS LIMITED Accounts filed on 31-05-2015
WEP FABRICATIONS LIMITED Accounts filed on 31-05-2015
WEP FABRICATIONS LIMITED
Company Registration Number:
06604853 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st June 2014
End date: 31st May 2015
SUBMITTED
WEP FABRICATIONS LIMITED
Company Information
for the Period Ended
31st May 2015
| Director: |
|
|
|
|
||
| Company secretary: |
|
|
| Registered office: |
|
|
|
|
||
| Cambridgeshire | ||
|
|
||
| Company Registration Number: |
|
|
WEP FABRICATIONS LIMITED
Abbreviated Balance sheet
As at 31st May 2015
| Notes | 2015 £ |
2014 £ |
|
|---|---|---|---|
| Fixed assets | |||
| Tangible assets: | 2 |
|
|
| Total fixed assets: |
|
|
|
| Current assets | |||
| Stocks: |
|
|
|
| Debtors: |
|
|
|
| Cash at bank and in hand: |
|
|
|
| Total current assets: |
|
|
|
| Creditors | |||
| 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): |
|
|
The notes form part of these financial statements
WEP FABRICATIONS LIMITED
Abbreviated Balance sheet
As at 31st May 2015
continued
| Notes | 2015 £ |
2014 £ |
|
|---|---|---|---|
| Capital and reserves | |||
| Called up share capital: | 3 |
|
|
| Profit and Loss account: |
|
|
|
| Total shareholders funds: |
|
|
The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Mr W Pentelow
Status: Director
The notes form part of these financial statements
WEP FABRICATIONS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2015
-
1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008) Turnover policy
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts. Tangible fixed assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and Machinery - 25% reducing balance, Motor vehicles - 25% reducing balance. Valuation information and policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Other accounting policies
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
WEP FABRICATIONS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2015
-
2. Tangible assets
Total Cost £ At 01st June 2014: 167,418 Additions: 9,194 Disposals: 836 At 31st May 2015: 175,776 Depreciation At 01st June 2014: 26,040 Charge for year: 10,733 On disposals: 544 At 31st May 2015: 36,229 Net book value At 31st May 2015: 139,547 At 31st May 2014: 141,378