Countrywide (SW) Ltd - Period Ending 2015-11-30

 
 
 
 
 
 
 
  Countrywide (SW) Ltd
 
  Unaudited Abbreviated Accounts
  Year Ended 30 November 2015
 
  Company Registration Number: 04594401

Countrywide (SW) Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Countrywide (SW) Ltd
Abbreviated Balance Sheet
30 November 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			220,989			219,253
Current assets
Debtors					98,593			96,104
Investments					30,000			30,000
Cash at bank and in hand					34,691			20,562
					163,284			146,666
Creditors: Amounts falling due within one year					(97,873)			(67,161)
Net current assets					65,411			79,505
Total assets less current liabilities					286,400			298,758
Creditors: Amounts falling due after more than one year					(32,433)			(26,609)
Provisions for liabilities					(9,404)			(9,702)
Net assets					244,563			262,447
Capital and reserves
Called up share capital		3			102			102
Profit and loss account					244,461			262,345
Shareholders' funds					244,563			262,447

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Countrywide (SW) Ltd
Abbreviated Balance Sheet
30 November 2015 ......... continued

For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 .

Approved by the Board on 23 June 2016 and signed on its behalf by:

Mrs K Ford
Director

Mr G Ford
Director

Company Registration Number: 04594401

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Countrywide (SW) Ltd
Notes to the Abbreviated Accounts
Year Ended 30 November 2015 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold property	4% straight line
Plant and machinery	33% reducing balance
Motor vehicles	25% reducing balance

Current asset investments

Current asset investments are included at the lower of cost and net realisable value.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Countrywide (SW) Ltd
Notes to the Abbreviated Accounts
Year Ended 30 November 2015 ......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2014		562,281			562,281
Additions		26,135			26,135
Disposals		(24,500)			(24,500)
At 30 November 2015		563,916			563,916
Depreciation
At 1 December 2014		343,028			343,028
Charge for the year		21,443			21,443
Eliminated on disposals		(21,544)			(21,544)
At 30 November 2015		342,927			342,927
Net book value
At 30 November 2015		220,989			220,989
At 30 November 2014		219,253			219,253

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100
'A' Ordinary shares of £1 each		1			1			1			1
'B' Ordinary shares of £1 each		1			1			1			1
		102			102			102			102

Page 4