Abbreviated Company Accounts - WILLS MANAGEMENT LTD.
Abbreviated Company Accounts - WILLS MANAGEMENT LTD.
Registered Number SC403987
WILLS MANAGEMENT LTD.
Abbreviated Accounts
31 July 2015
WILLS MANAGEMENT LTD. Registered Number SC403987
Abbreviated Balance Sheet as at 31 July 2015
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| £ | £ | ||
| Called up share capital not paid |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
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| Net current assets (liabilities) |
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| Total assets less current liabilities |
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| Total net assets (liabilities) |
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| Capital and reserves | |||
| Called up share capital |
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| Profit and loss account |
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| Shareholders' funds |
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For the year ending 31 July 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
And signed on their behalf by:
WILLS MANAGEMENT LTD. Registered Number SC403987
Notes to the Abbreviated Accounts for the period ended 31 July 2015
1Accounting Policies
Basis of measurement and preparation of accounts
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 services, excluding value added tax.
Goodwill
Goodwill is valued annually by the director with reference to the sale price achievable at the balance sheet date. Any permanent diminution in value is written off to the profit & loss account in the year it occurs.
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. -25% on cost
Deferred tax
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
The deferred tax balance has not been discounted.