Waverley Brownall H&I Limited - Period Ending 2016-03-31

Registration number: 08451207

Waverley Brownall H&I Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

AIMS ACCOUNTANTS FOR BUSINESS
The Water Tower
335 Benfleet Road
Benfleet
Essex
SS7 1PW

Waverley Brownall H&I Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Waverley Brownall H&I Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Waverley Brownall H&I Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Waverley Brownall H&I Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Waverley Brownall H&I Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waverley Brownall H&I Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Waverley Brownall H&I Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Waverley Brownall H&I Limited. You consider that Waverley Brownall H&I Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Waverley Brownall H&I Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

AIMS ACCOUNTANTS FOR BUSINESS
The Water Tower
335 Benfleet Road
Benfleet
Essex
SS7 1PW

25 July 2016

Page 1

Waverley Brownall H&I Limited
(Registration number: 08451207)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Investments					1			1
Current assets
Cash at bank and in hand					143			103
Creditors: Amounts falling due within one year					(1,302)			(815)
Net current liabilities					(1,159)			(712)
Net liabilities					(1,158)			(711)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(1,258)			(811)
Shareholders' deficit					(1,158)			(711)

For the year ending 31 March 2016 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 26 July 2016 and signed on its behalf by:

.........................................
Mr Richard Sheridan
Director

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

Waverley Brownall H&I Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... 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 January 2015).

Turnover

The company only had investment income in the period. This was in the form of dividends from its wholly owned subsidiary.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
At 1 April 2015		1			1
At 31 March 2016		1			1
Depreciation
At 31 March 2016		-			-
Net book value
At 31 March 2016		1			1
At 31 March 2015		1			1

Page 3

Waverley Brownall H&I Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr Nicholas Douse
Divdiends declared in the period	(3,705)	-	(3,420)	-
Dividends paid in the period	3,705	-	3,420	-
	-	-	-	-
Mr Martin Gibson
Dividends declared in the period	(39,366)	-	(52,488)	-
Dividends paid in the period	39,366	-	52,488	-
	-	-	-	-
Mr Richard Sheridan
Dividends declared in the period	(3,705)	-	(3,420)	-
Dividends paid in the period	3,705	-	3,420	-
	-	-	-	-

5

Control

The company is controlled by Team Precision Engineering Limited ( a company incorporated in England and Wales No. 01435114).

Page 4