Displayways Limited - Abbreviated accounts 16.1
Displayways Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 June 2016 |
| for |
| Displayways Limited |
| Displayways Limited (Registered number: 02609299) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Displayways Limited |
| Company Information |
| for the Year Ended 30 June 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Displayways Limited (Registered number: 02609299) |
| Abbreviated Balance Sheet |
| 30 June 2016 |
| 30.6.16 | 30.6.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Displayways Limited (Registered number: 02609299) |
| Abbreviated Balance Sheet - continued |
| 30 June 2016 |
| The financial statements were approved by the Board of Directors on |
| Displayways Limited (Registered number: 02609299) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The directors expect that trading over the next twelve months will generate positive cash flows and have |
| therefore continued to adopt the going concern basis of preparing the financial statements. |
| 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 and all arose from ordinary activities. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| lease term. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from |
| those of the company in an independently administered fund. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| Displayways Limited (Registered number: 02609299) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2015 |
| Additions |
| Disposals | ( |
) |
| At 30 June 2016 |
| DEPRECIATION |
| At 1 July 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 June 2016 |
| NET BOOK VALUE |
| At 30 June 2016 |
| At 30 June 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| Additions | 127,220 |
| At 30 June 2016 | 127,220 |
| PROVISIONS |
| Charge for year | 127,220 |
| At 30 June 2016 | 127,220 |
| NET BOOK VALUE |
| At 30 June 2016 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 100 | 54,498 |
| Profit for the period | - | 2,885 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| Displayways Limited (Registered number: 02609299) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2016 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.16 | 30.6.15 |
| value: | £ | £ |
| Ordinary | 10p |
| 6. | ULTIMATE CONTROLLING PARTY |
| P G Sheldrick, the director and majority shareholder is the ultimate controlling party. |