Woad Corner (Norwich) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06398226 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

WOAD CORNER (NORWICH) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G N Steward

SECRETARY:

Mrs M C Steward

REGISTERED OFFICE:

Saxon House

Hellesdon Park Road

Drayton High Road

Norwich

Norfolk

NR6 5DR

REGISTERED NUMBER:

06398226 (England and Wales)

ACCOUNTANTS:

Quinneys

Chartered Accountants

Saxon House

Hellesdon Park Road

Norwich

Norfolk

NR6 5DR

FIXED ASSETS

Tangible assets

2

181,952

181,952

CURRENT ASSETS

Debtors

-

250

Cash at bank

5,754

2,060

5,754

2,310

CREDITORS

Amounts falling due within one year

49,888

49,913

NET CURRENT LIABILITIES

(44,134

)

(47,603

)

TOTAL ASSETS LESS CURRENT LIABILITIES

137,818

134,349

CREDITORS

Amounts falling due after more than one year

3

109,796

114,957

NET ASSETS

28,022

19,392

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

27,922

19,292

SHAREHOLDERS' FUNDS

28,022

19,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 29 September 2016 and were signed by:

G N Steward - 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).

Tangible fixed assets

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

Land and buildings

-

not provided

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

182,163

DEPRECIATION

At 1 January 2015

and 31 December 2015

211

NET BOOK VALUE

At 31 December 2015

181,952

At 31 December 2014

181,952

3.

CREDITORS

Creditors include an amount of £ 109,796 (2014 - £ 114,957 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

£

Repayable otherwise than by instalments

109,796

114,957

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date there was a loan to the company from the director G N Steward for £47,564 (2013:

£49,297). This loan is unsecured, interest-free and repayable on demand.