Wenman Healthcare Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01902158 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015

FOR

WENMAN HEALTHCARE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I D Wenman

Mrs C J Wenman

SECRETARY:

I D Wenman

REGISTERED OFFICE:

The Paddocks

Debden Farm

Barford

Warwick

CV35 8DA

REGISTERED NUMBER:

01902158 (England and Wales)

ACCOUNTANTS:

Aries Accountants Limited

11 Boundary Business Park

Wheatley Road

Garsington

Oxford

Oxfordshire

OX44 9EJ

FIXED ASSETS

Tangible assets

2

19,864

25,578

CURRENT ASSETS

Stocks

65,589

75,870

Debtors

16,672

41,765

Cash at bank and in hand

448

770

82,709

118,405

CREDITORS

Amounts falling due within one year

3

85,033

83,329

NET CURRENT (LIABILITIES)/ASSETS

(2,324

)

35,076

TOTAL ASSETS LESS CURRENT LIABILITIES

17,540

60,654

CREDITORS

Amounts falling due after more than one year

3

191,010

195,384

NET LIABILITIES

(173,470

)

(134,730

)

CAPITAL AND RESERVES

Called up share capital

4

15,000

15,000

Share premium

193,300

193,300

Profit and loss account

(381,770

)

(343,030

)

SHAREHOLDERS' FUNDS

(173,470

)

(134,730

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 February 2016 and were signed on its behalf by:

I D Wenman - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared on the going concern basis. The company meets its day to day

working capital requirements through the support of its bank and personal loans from the directors and an

associated Trust. The company is dependent on the continued financial support of these parties as detailed in the

notes to the financial statements.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

51,904

DEPRECIATION

At 1 May 2014

26,326

Charge for year

5,714

At 30 April 2015

32,040

NET BOOK VALUE

At 30 April 2015

19,864

At 30 April 2014

25,578

3.

CREDITORS

Creditors include an amount of £ 30,822 (30.4.14 - £ 26,563 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

15,000

Ordinary

£1

15,000

15,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors falling due after more than one year is £150,937 (2014: £147,457) owed to C J Wenman and

I Wenman. The loan is unsecured and interest free.

6.	RELATED PARTY DISCLOSURES

The long term loan of £33,899 (2014: £36,799) relates to an amount owed to a trust, of which C J Wenman and I

D Wenman are trustees. The grandchildren of C J Wenman are the beneficiaries of this trust. The loan is interest

free and there are no fixed dates for repayment.