Willenhall Regeneration Company Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05003088 (England and Wales)

Willenhall Regeneration Company Limited

Abbreviated Unaudited Accounts for the Year Ended 30th September 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Dransfield

A C Malley

A C Gallagher

G H Gosling

SECRETARIES:

S J Stead

S A Burnett

REGISTERED OFFICE:

Penistone 1

Regents Court

St Mary's Street

Penistone

South Yorkshire

S36 6DT

REGISTERED NUMBER:

05003088 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

CURRENT ASSETS

Stocks

1,014

263

Debtors

213

-

Cash at bank

6,932

22,293

8,159

22,556

CREDITORS

Amounts falling due within one year

1,149

14,693

NET CURRENT ASSETS

7,010

7,863

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,010

7,863

CAPITAL AND RESERVES

Called up share capital

2

150

Profit and loss account

6,860

7,713

SHAREHOLDERS' FUNDS

7,010

7,863

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 29th March 2016 and were signed on its
behalf by:

M Dransfield - Director

A C Gallagher - 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 is the amount, excluding value added tax, receivable in the ordinary course of business for

goods supplied as a principal and for services provided.

Stock and work in progress

Stocks of development land and in work in progress are stated at the lower of cost and net realisable

value. Cost consists of that expenditure which has been incurred based on normal levels of activity and

net realisable value means estimated selling price less all further costs to completion.

Contract work in progress is stated at cost net of amounts transferred to cost of sales less any

foreseeable losses and progress payments received and receivable not matched with turnover. A

foreseeable loss is that which is currently estimated to arise over the duration of any contract,

irrespective of the amount of work carried out at the balance sheet date.

Profit on long term contracts is recognised when the outcome of contracts can be assessed with

reasonable certainty and is that amount which is estimated to fairly reflect the profit arising up to the

accounting date. Profit on long term contracts is recognised in the profit and loss account as the

difference between the reported turnover and the related costs.

Deferred tax

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

the balance sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

50

'A' Ordinary

£1

50

'B' Ordinary

£1

50

'C' Ordinary

£1

50

150

3.	CONTROL RELATIONSHIPS

The company is not under the control of any one party.