WFF Chigwell Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05897235 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2016

for

WFF Chigwell Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M.R.C. Purser

REGISTERED OFFICE:

Unit 1, Brownings Farm

Gravel Lane

Chigwell

Essex

IG7 6DQ

REGISTERED NUMBER:

05897235 (England and Wales)

ACCOUNTANTS:

Stephen R Bell

30 Avon Way

South Woodford

London

E18 2AR

FIXED ASSETS

Intangible assets

2

271,851

-

Tangible assets

3

48,214

-

Investments

4

-

270,000

320,065

270,000

CURRENT ASSETS

Debtors

7,884

69,404

Cash at bank

82,291

35,795

90,175

105,199

CREDITORS

Amounts falling due within one year

117,126

73,855

NET CURRENT (LIABILITIES)/ASSETS

(26,951

)

31,344

TOTAL ASSETS LESS CURRENT
LIABILITIES

293,114

301,344

CREDITORS

Amounts falling due after more than
one year

10,069

-

NET ASSETS

283,045

301,344

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

283,044

301,343

SHAREHOLDERS' FUNDS

283,045

301,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with
the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 September 2016 and were signed by:

M.R.C. Purser - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which

they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

302,057

At 31 March 2016

302,057

AMORTISATION

Amortisation for year

30,206

At 31 March 2016

30,206

NET BOOK VALUE

At 31 March 2016

271,851

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

55,102

At 31 March 2016

55,102

DEPRECIATION

Charge for year

6,888

At 31 March 2016

6,888

NET BOOK VALUE

At 31 March 2016

48,214

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

270,000

Reclassification/transfer

(270,000

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

270,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary

£1

1