W._R._DAVIES_(SHARON_LEE) - Accounts

W.R.DAVIES(SHARON LEE)LIMITED - Company Information

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Company Registration No. 00576529 (England and Wales)

W. R. DAVIES (SHARON LEE) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2015

W. R. DAVIES (SHARON LEE) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

W. R. DAVIES (SHARON LEE) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

- 1 -

2015

2014

Notes

Current assets

Stocks

3,995

21,491

Debtors

229,029

157,155

Cash at bank and in hand

14,005

9,341

247,029

187,987

Creditors: amounts falling due within one year

(225,696)

(169,715)

Total assets less current liabilities

21,333

18,272

Capital and reserves

Called up share capital

16,800

Profit and loss account

4,533

1,472

Shareholders' funds

21,333

18,272

For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 June 2016

Mr T P Pache

Director

Company Registration No. 00576529

W. R. DAVIES (SHARON LEE) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Revenue recognition

Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under its contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Share capital

2015

2014

Allotted, called up and fully paid

16,800 Ordinary shares of £1 each

16,800

Ultimate parent company

The ultimate parent company is Sharon Lee Limited.