| Wroxham Angling Ltd |
| Registered number: |
04222161 |
| Abbreviated Balance Sheet |
| as at 31 January 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
13,070 |
|
|
15,570 |
| Tangible assets |
3 |
|
|
265,806 |
|
|
233,250 |
|
|
|
|
278,876 |
|
|
248,820 |
|
| Current assets |
| Stocks |
|
|
398,841 |
|
|
300,029 |
| Debtors |
|
|
39,603 |
|
|
34,306 |
| Cash at bank and in hand |
|
|
600 |
|
|
- |
|
|
|
439,044 |
|
|
334,335 |
|
| Creditors: amounts falling due within one year |
|
|
(492,169) |
|
|
(355,434) |
|
| Net current liabilities |
|
|
|
(53,125) |
|
|
(21,099) |
|
| Total assets less current liabilities |
|
|
|
225,751 |
|
|
227,721 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(200,000) |
|
|
(201,652) |
|
|
|
| Net assets |
|
|
|
25,751 |
|
|
26,069 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
24,751 |
|
|
25,069 |
|
| Shareholders' funds |
|
|
|
25,751 |
|
|
26,069 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
| WPF Hill |
| Director |
| Approved by the board on 11 October 2016 |
|
| Wroxham Angling Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 January 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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Land & Buildings |
10% Reducing Balance |
|
Plant and machinery and F&F |
25% Reducing Balance |
|
Computer Equipment |
25% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2015 |
50,000 |
|
At 31 January 2016 |
50,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 February 2015 |
34,430 |
|
Provided during the year |
2,500 |
|
At 31 January 2016 |
36,930 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2016 |
13,070 |
|
At 31 January 2015 |
15,570 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2015 |
275,686 |
|
Additions |
42,626 |
|
At 31 January 2016 |
318,312 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2015 |
42,436 |
|
Charge for the year |
10,070 |
|
At 31 January 2016 |
52,506 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2016 |
265,806 |
|
At 31 January 2015 |
233,250 |
|
|
|
|
|
|
|
|
| 4 |
Loans |
2016 |
|
2015 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
120,000 |
|
120,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Guarantees made by the company on behalf of directors |
|
Description and terms |
Maximum |
Amount paid |
| liability |
and incurred |
| £ |
£ |
|
MG Page and WPF Hill |
|
have given a personal guarantee on the bank loans and overdraft of |
|
35,000 |
|
- |
|
|
|
|
|
35,000 |
|
- |
|
|
|
|
|
|
|
