Abbreviated Company Accounts - ABBOTT WADE LTD

Registered Number 07415392

ABBOTT WADE LTD

Abbreviated Accounts

31 October 2015

ABBOTT WADE LTD Registered Number 07415392

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	12,070	14,170
Tangible assets	3	39,584	31,719
		51,654	45,889
Current assets
Stocks		7,000	7,000
Debtors		70,085	70,085
Cash at bank and in hand		166,941	176,665
		244,026	253,750
Creditors: amounts falling due within one year		(146,739)	(205,270)
Net current assets (liabilities)		97,287	48,480
Total assets less current liabilities		148,941	94,369
Total net assets (liabilities)		148,941	94,369
Capital and reserves
Called up share capital		2	2
Profit and loss account		148,939	94,367
Shareholders' funds		148,941	94,369

For the year ending 31 October 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 20 July 2016

And signed on their behalf by:
Craig Abbott, Director
M Wade, Director

ABBOTT WADE LTD Registered Number 07415392

Notes to the Abbreviated Accounts for the period ended 31 October 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents sales net of VAT including a suitable apportionment of work in progress.

Tangible assets depreciation policy
Assets are depreciated at 25% reducing balance

Intangible assets amortisation policy
Are written off over ten years

Valuation information and policy
Valued at lower of cost or NRV

2Intangible fixed assets

	£
Cost
At 1 November 2014	21,200
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	21,200
Amortisation
At 1 November 2014	7,030
Charge for the year	2,100
On disposals	-
At 31 October 2015	9,130
Net book values
At 31 October 2015	12,070
At 31 October 2014	14,170

3Tangible fixed assets

	£
Cost
At 1 November 2014	48,012
Additions	21,060
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	69,072
Depreciation
At 1 November 2014	16,293
Charge for the year	13,195
On disposals	-
At 31 October 2015	29,488
Net book values
At 31 October 2015	39,584
At 31 October 2014	31,719