Willowbrook Services Limited,Ltd - Accounts

Willowbrook Services Limited,Ltd - Accounts

WILLOWBROOK SERVICES LIMITED - Company Information

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2015-10-01 true false Private Limited Company 03637312 2016-02-29 03637312 2015-10-01 2016-02-29 03637312 2015-09-30 03637312 2014-10-01 2015-09-30 03637312 uk-bus:Director1 2015-10-01 2016-02-29 03637312 uk-gaap:OfficeEquipment 2015-10-01 2016-02-29 03637312 uk-bus:OrdinaryShareClass1 2016-02-29 03637312 uk-bus:OrdinaryShareClass2 2016-02-29 iso4217:GBP
Willowbrook Services Limited
For the period ended 29 February 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03637312
2
Contents Page
Willowbrook Services Limited
For the period ended 29 February 2016
1
Balance Sheet
2 to 4
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Willowbrook Services Limited
As at 29 February 2016
03637312
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
4,410
4,351
Investments
105,000
105,000
3
109,410
109,351
Current assets
Debtors
100,000
112,833
Cash at bank and in hand
893,392
862,760
1,006,225
962,760
Creditors: amounts falling due within one year
(29,794)
(41,013)
932,966
965,212
Net current assets
Total assets less current liabilities
1,074,622
1,042,317
1,074,622
Net assets
1,042,317
Capital and reserves
Called up share capital
200
4
200
Profit and loss account
1,074,422
1,042,117
1,074,622
1,042,317
Shareholders funds
For the period ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 09 March 2016
Mr M.K. Thomas Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Willowbrook Services Limited
For the period ended 29 February 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the invoiced value of dental services, reports and administrative services, excluding Value Added Tax. Turnover is recognised upon completion of each contract, with those contracts ongoing over the year end treated in accordance with the accounting policy set out below under the heading "Stocks".
Pension Costs
The company operates a defined contribution pension scheme for the benefit of its directors/and employees.
Contributions payable are charged to the profit and loss account in the period in which they are payable.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been
approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Office Equipment
25% Reducing balance
Fixed asset investments
Fixed asset investments are stated at market value, if listed, or at directors' valuation, if unlisted. The market
value is based on the closing middle market price.
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5
Notes to the Abbreviated Financial Statements
Willowbrook Services Limited
For the period ended 29 February 2016
Stocks
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
2 Tangible fixed assets
Tangible
fixed assets
Cost or valuation
£
16,330
At 01 October 2015
572
Additions
At 29 February 2016
16,902
Depreciation
11,979
At 01 October 2015
513
Charge for period
12,492
At 29 February 2016
Net book values
At 29 February 2016
4,410
4,351
At 30 September 2015
3 Fixed asset investments
105,000
At 01 October 2015
Fixed asset
investments
Cost
£
At 29 February 2016
105,000
Net book value
At 01 October 2015
At 29 February 2016
105,000
105,000
The director's valuation of unlisted investments, with the previous year's valuation in brackets, was £105,000 (£105,000).
4 Share capital
Authorised
900 Ordinary 'A' Shares shares of £1.00 each
100 Ordinary 'B' Shares shares of £1.00 each
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6
Notes to the Abbreviated Financial Statements
Willowbrook Services Limited
For the period ended 29 February 2016
Allotted called up and fully paid
2016
2015
£
£
100 Ordinary 'A' Shares shares of £1.00 each
100
100
100 Ordinary 'B' Shares shares of £1.00 each
100
100
200
200
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