Wraxall Business Management Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08938088 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Wraxall Business Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S P Whitwham

REGISTERED OFFICE:

7 Yeo Valley Way

Wraxall

North Somerset

BS48 1PS

REGISTERED NUMBER:

08938088 (England and Wales)

ACCOUNTANTS:

A R Dury & Co Ltd

Ivy Court

61 High Street

Nailsea

North Somerset

BS48 1AW

FIXED ASSETS

Tangible assets

2

1,097

1,035

CURRENT ASSETS

Stocks

32,851

-

Debtors

1,111

22,538

Cash at bank

105,955

61,514

139,917

84,052

CREDITORS

Amounts falling due within one year

(54,759

)

(37,461

)

NET CURRENT ASSETS

85,158

46,591

TOTAL ASSETS LESS CURRENT LIABILITIES

86,255

47,626

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

86,155

47,526

SHAREHOLDERS' FUNDS

86,255

47,626

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 13 May 2016 and were signed by:

S P Whitwham - 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 etc

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

1,553

Additions

869

At 31 March 2016

2,422

DEPRECIATION

At 1 April 2015

518

Charge for year

807

At 31 March 2016

1,325

NET BOOK VALUE

At 31 March 2016

1,097

At 31 March 2015

1,035

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

£1

100

100