Abbreviated Company Accounts - WHITAKERS TURF SUPPLIES LIMITED

Abbreviated Company Accounts - WHITAKERS TURF SUPPLIES LIMITED

WHITAKERS TURF SUPPLIES LIMITED - Company Information

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Registered Number 04026473

WHITAKERS TURF SUPPLIES LIMITED

Abbreviated Accounts

30 June 2016

WHITAKERS TURF SUPPLIES LIMITED Registered Number 04026473

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 43,017 32,359
Investments - -
43,017 32,359
Current assets
Stocks 41,445 41,928
Debtors 26,459 5,026
Investments - -
Cash at bank and in hand 32,869 14,726
100,773 61,680
Prepayments and accrued income - -
Creditors: amounts falling due within one year (33,984) (36,665)
Net current assets (liabilities) 66,789 25,015
Total assets less current liabilities 109,806 57,374
Creditors: amounts falling due after more than one year (10,000) 0
Provisions for liabilities (4,265) (1,845)
Accruals and deferred income 0 0
Total net assets (liabilities) 95,541 55,529
Capital and reserves
Called up share capital 100 100
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 95,441 55,429
Shareholders' funds 95,541 55,529
  • For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2016

And signed on their behalf by:
I Whitaker, Director
A Whitaker, Director

WHITAKERS TURF SUPPLIES LIMITED Registered Number 04026473

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding value tax.

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

Short leasehold - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Other accounting policies
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.

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 period of the lease.

2Tangible fixed assets
£
Cost
At 1 July 2015 131,007
Additions 19,950
Disposals 0
Revaluations 0
Transfers 0
At 30 June 2016 150,957
Depreciation
At 1 July 2015 98,648
Charge for the year 9,292
On disposals 0
At 30 June 2016 107,940
Net book values
At 30 June 2016 43,017
At 30 June 2015 32,359

3Transactions with directors

Name of director receiving advance or credit: Director 1
Description of the transaction: Director's advances, credits and guarantees
Balance at 1 July 2015: £ 0
Advances or credits made: £ 35,342
Advances or credits repaid: £ 12,670
Balance at 30 June 2016: £ 22,672