WHITEFIELD INSURANCE SERVICES LIMITED,Ltd - Accounts

WHITEFIELD INSURANCE SERVICES LIMITED - Company Information

Print Friendly Version

WHITEFIELD INSURANCE SERVICES LIMITED

For the year ended 31 March 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 05535850

Abbreviated Balance Sheet

WHITEFIELD INSURANCE SERVICES LIMITED

As at 31 March 2016

05535850

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

54,409

55,540

54,409

55,540

Current assets

Debtors

58,335

59,497

Cash at bank and in hand

105,550

109,698

165,047

168,033

Creditors: amounts falling due within one year

(145,598)

(137,486)

22,435

27,561

Net current assets

Total assets less current liabilities

81,970

77,975

Creditors: amounts falling due after more than one year

(25,764)

(20,013)

61,957

Net assets

52,211

Capital and reserves

Called up share capital

10,000

Profit and loss account

51,957

42,211

61,957

52,211

Shareholders funds

For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies, subject to the small companies regime as set out in Part 15 of the Companies Act 2006, and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Date approved by the board: 31 May 2016

Stephen Hopwood Director

Signed on behalf of the board of directors

1 of 3

Notes to the Abbreviated Financial Statements

WHITEFIELD INSURANCE SERVICES LIMITED

For the year ended 31 March 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents the sales value of goods and services provided, less returns and allowances, and excluding value added tax.

Pension Costs

Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss

account for the year in which they are payable to the scheme.

Deferred taxation

In the opinion of the Directors, having considered the liability method, there is no material tax liability which could crystallise in the foreseeable future.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated to write off the fixed assets over their expected useful lives, at the following annual rates: Fixtures and Fittings ............................ 25% on Written Down ValueMotor Vehicles ............................ 25% on Written Down Value

2 of 3

Notes to the Abbreviated Financial Statements

WHITEFIELD INSURANCE SERVICES LIMITED

For the year ended 31 March 2016

2 Tangible fixed assets

Tangible

fixed assets

Cost or valuation

102,855

At 01 April 2015

46,982

Additions

(80,459)

Disposals

At 31 March 2016

69,378

Depreciation

47,315

At 01 April 2015

(39,314)

Disposals

6,968

Charge for year

14,969

At 31 March 2016

Net book values

At 31 March 2016

54,409

55,540

At 31 March 2015

3 Share capital

Allotted called up and fully paid

2016

2015

10,000 Ordinary shares of £1.00 each

10,000

3 of 3