Dwellings of Warwickshire Limited - Abbreviated accounts 16.1

Dwellings of Warwickshire Limited - Abbreviated accounts 16.1

DWELLINGS OF WARWICKSHIRE LIMITED - Company Information

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REGISTERED NUMBER: 04614103










ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

DWELLINGS OF WARWICKSHIRE LIMITED

DWELLINGS OF WARWICKSHIRE LIMITED (REGISTERED NUMBER: 04614103)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 December 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

DWELLINGS OF WARWICKSHIRE LIMITED (REGISTERED NUMBER: 04614103)

ABBREVIATED BALANCE SHEET
31 December 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 42,527 59,408
Tangible assets 3 21,609 27,575
64,136 86,983

CURRENT ASSETS
Debtors 48 173
Cash at bank and in hand 260,981 218,711
261,029 218,884
CREDITORS
Amounts falling due within one year 4 294,272 269,509
NET CURRENT LIABILITIES (33,243 ) (50,625 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
30,893
36,358

CREDITORS
Amounts falling due after more than one
year
4
30,652
31,921
NET ASSETS 241 4,437

CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and loss account 240 4,436
SHAREHOLDERS' FUNDS 241 4,437

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these abbreviated accounts

Page 1 continued...
DWELLINGS OF WARWICKSHIRE LIMITED (REGISTERED NUMBER: 04614103)

ABBREVIATED BALANCE SHEET - continued
31 December 2015


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 2 May 2016 and were signed on its behalf by:





M Horton - Director


The notes form part of these abbreviated accounts

Page 2
DWELLINGS OF WARWICKSHIRE LIMITED (REGISTERED NUMBER: 04614103)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 December 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared in accordance with applicable accounting standards. The principal accounting
policies adopted in the preparation of the financial statements are set out below and have remained unchanged
from the previous year.

At the balance sheet date the company had net current liabilities of £33,243 (2014 - £50,625), and total net
assets of £241 (2014 - £4,437). The directors have expressed their willingness to support the company as
necessary and along with the forecasted future profitable trade the business is considered a going concern.

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 January 2015).

Turnover
Turnover comprises the value of sales (net of value added tax) of services provided in the normal course of
business. Revenue is recognised in respect of service contracts when the company obtains the right to
consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over
its estimated useful life of ten years.

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.

Furniture and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

Page 3 continued...
DWELLINGS OF WARWICKSHIRE LIMITED (REGISTERED NUMBER: 04614103)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 December 2015

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 211,925
AMORTISATION
At 1 January 2015 152,517
Amortisation for year 16,881
At 31 December 2015 169,398
NET BOOK VALUE

At 31 December 2015 42,527
At 31 December 2014 59,408

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 77,260
Additions 1,506
At 31 December 2015 78,766
DEPRECIATION
At 1 January 2015 49,685
Charge for year 7,472
At 31 December 2015 57,157
NET BOOK VALUE
At 31 December 2015 21,609
At 31 December 2014 27,575

4. CREDITORS

Creditors include an amount of £ 39,258 (2014 - £ 29,179 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1 Ordinary £1 1 1

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