| Wells Investments Ltd |
| Registered number: |
06707180 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,278 |
|
|
255 |
|
| Current assets |
| Debtors |
|
|
10,464 |
|
|
9,889 |
|
| Creditors: amounts falling due within one year |
|
|
(10,890) |
|
|
(9,670) |
|
| Net current (liabilities)/assets |
|
|
|
(426) |
|
|
219 |
|
| Net assets |
|
|
|
852 |
|
|
474 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
752 |
|
|
374 |
|
| Shareholders' funds |
|
|
|
852 |
|
|
474 |
|
|
|
|
|
|
|
|
| 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. |
| 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. |
|
|
|
| Mr A W Morgan |
| Director |
| Approved by the board on 26 September 2016 |
|
| Wells Investments Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 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 April 2008). |
|
|
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. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
340 |
|
Additions |
1,342 |
|
At 31 March 2016 |
1,682 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
85 |
|
Charge for the year |
319 |
|
At 31 March 2016 |
404 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
1,278 |
|
At 31 March 2015 |
255 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mr A W Morgan |
|
Directors loan |
(4,192) |
|
(37,751) |
|
40,000 |
|
(1,943) |
|
|
|
(4,192) |
|
(37,751) |
|
40,000 |
|
(1,943) |
|
|
|
|
|
|
|
|
|
