Philip Whelton Limited - Abbreviated accounts

Registered number

06365079

Philip Whelton Limited

Abbreviated Accounts

5 April 2016

Philip Whelton Limited
Registered number:		06365079
Abbreviated Balance Sheet
as at 5 April 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		14,968			5,229

Current assets
Stocks		2,500			2,417
Debtors		5,247			2,789
Cash at bank and in hand		293			384
		8,040			5,590

Creditors: amounts falling due within one year		(17,953)			(8,567)

Net current liabilities			(9,913)			(2,977)

Net assets			5,055			2,252

Capital and reserves
Called up share capital	3		4			4
Profit and loss account			5,051			2,248

Shareholders' funds			5,055			2,252

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Philip Whelton
Director
Approved by the board on 6 September 2016

Philip Whelton Limited
Notes to the Abbreviated Accounts
for the year ended 5 April 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.


2	Tangible fixed assets					£

	Cost
	At 6 April 2015					16,545
	Additions					14,729
	At 5 April 2016					31,274

	Depreciation
	At 6 April 2015					11,316
	Charge for the year					4,990
	At 5 April 2016					16,306

	Net book value
	At 5 April 2016					14,968
	At 5 April 2015					5,229


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		4		4		4