WESTWOOD_JOINERY_&_CONSTR - Accounts
WESTWOOD_JOINERY_&_CONSTR - Accounts
Company Registration No. 06442225 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WESTWOOD JOINERY & CONSTRUCTION LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2015
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westwood Joinery & Construction Limited for the year ended 30 November 2015 set out on pages 3 to 9 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of Westwood Joinery & Construction Limited, as a body, in accordance with the terms of our engagement letter dated 3 September 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Westwood Joinery & Construction Limited and state those matters that we have agreed to state to the Board of Directors of Westwood Joinery & Construction Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westwood Joinery & Construction Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Westwood Joinery & Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Westwood Joinery & Construction Limited. You consider that Westwood Joinery & Construction 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 financial statements of Westwood Joinery & Construction 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 financial statements.
GBAC Limited
Accountants
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(174,235 )
(166,336 )
Net current assets
Total assets less current liabilities
Provisions for liabilities
(4,826 )
(3,425 )
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Director's responsibilities:
-
-
Approved by the Board and authorised for issue on 31 August 2016
Director
Company Registration No. 06442225
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
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
1.4
Tangible fixed assets and depreciation
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
1.7
Deferred taxation
Deferred taxation 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.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2014
32,208
Additions
13,100
Disposals
(3,450)
At 30 November 2015
41,858
Depreciation
At 1 December 2014
15,084
On disposals
(3,300)
Charge for the year
5,946
At 30 November 2015
17,730
Net book value
At 30 November 2015
24,128
At 30 November 2014
17,124
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid