Whitakers Signs & Design Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02943118 (England and Wales)

WHITAKERS SIGNS & DESIGN LIMITED

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2015

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

9,680

12,231

CURRENT ASSETS

Stocks

29,285

15,750

Debtors

19,329

24,745

Cash at bank

2,299

7,216

50,913

47,711

CREDITORS

Amounts falling due within one year

25,218

25,275

NET CURRENT ASSETS

25,695

22,436

TOTAL ASSETS LESS CURRENT LIABILITIES

35,375

34,667

CREDITORS

Amounts falling due after more than one year

-

(563

)

PROVISIONS FOR LIABILITIES

(1,453

)

(1,857

)

NET ASSETS

33,922

32,247

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

33,920

32,245

SHAREHOLDERS' FUNDS

33,922

32,247

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

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

The director acknowledges his 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 director on 15 January 2016 and were signed by:

A D Whitaker - Director

1.	ACCOUNTING POLICIES

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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

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

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

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 July 2014

and 30 June 2015

60,172

DEPRECIATION

At 1 July 2014

47,941

Charge for year

2,551

At 30 June 2015

50,492

NET BOOK VALUE

At 30 June 2015

9,680

At 30 June 2014

12,231

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1.00

2

2