Abbreviated Company Accounts - WALTHAMS RELIABILITY LIMITED

WALTHAMS RELIABILITY LIMITED - Company Information

00326211 WALTHAMS RELIABILITY LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 00326211 2014-06-01 2015-05-31 00326211 2015-05-31 00326211 2014-05-31 00326211 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 00326211 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 00326211

WALTHAMS RELIABILITY LIMITED

Abbreviated Accounts

31 May 2015

WALTHAMS RELIABILITY LIMITED Registered Number 00326211

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	25,000	30,000
		25,000	30,000
Current assets
Stocks		55,000	26,700
Debtors		16,770	23,400
Cash at bank and in hand		32,816	16,641
		104,586	66,741
Creditors: amounts falling due within one year		(64,123)	(67,411)
Net current assets (liabilities)		40,463	(670)
Total assets less current liabilities		65,463	29,330
Total net assets (liabilities)		65,463	29,330
Capital and reserves
Called up share capital	3	3,000	3,000
Profit and loss account		62,463	26,330
Shareholders' funds		65,463	29,330

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 27 February 2016

And signed on their behalf by:
Mr D W Hughes-Lewis, Director
Mrs M E Hughes-Lewis, Director

WALTHAMS RELIABILITY LIMITED Registered Number 00326211

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

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting Convention

The financial statements are prepared under the historical cost convention.

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).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Intangible assets amortisation policy
Goodwill

Acquired goodwill is written off in equal instalments over its estimated useful economic life.

Valuation information and policy
Stock

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

2Intangible fixed assets

	£
Cost
At 1 June 2014	30,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	30,000
Amortisation
At 1 June 2014	-
Charge for the year	5,000
On disposals	-
At 31 May 2015	5,000
Net book values
At 31 May 2015	25,000
At 31 May 2014	30,000

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

	2015 £	2014 £
3,000 Ordinary shares of £1 each	3,000	3,000

4Transactions with directors

Name of director receiving advance or credit:	Mr D W Hughes-Lewis
Description of the transaction:	Interest free loan made by the company to the directors
Balance at 1 June 2014:	£ 23,000
Advances or credits made:	-
Advances or credits repaid:	£ 23,000
Balance at 31 May 2015:	£ 0