Abbreviated Company Accounts - WAYNE SHEPHERD LIMITED

WAYNE SHEPHERD LIMITED - Company Information

04144804 WAYNE SHEPHERD LIMITED 2016-01-31 false 2015-02-01 2016-01-31 true 04144804 2015-02-01 2016-01-31 04144804 2016-01-31 04144804 2015-01-31 04144804 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 04144804 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number 04144804

WAYNE SHEPHERD LIMITED

Abbreviated Accounts

31 January 2016

WAYNE SHEPHERD LIMITED Registered Number 04144804

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	97,744	97,369
		97,744	97,369
Current assets
Cash at bank and in hand		261	956
		261	956
Creditors: amounts falling due within one year		(63,535)	(65,880)
Net current assets (liabilities)		(63,274)	(64,924)
Total assets less current liabilities		34,470	32,445
Provisions for liabilities		(400)	(364)
Total net assets (liabilities)		34,070	32,081
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		33,970	31,981
Shareholders' funds		34,070	32,081

For the year ending 31 January 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 24 October 2016

And signed on their behalf by:
Mr Wayne Shepherd, Director

WAYNE SHEPHERD LIMITED Registered Number 04144804

Notes to the Abbreviated Accounts for the period ended 31 January 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 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.

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

Freehold property Nil
Plant and machinery 15% reducing balance

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

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 February 2015	99,835
Additions	761
Disposals	(1,000)
Revaluations	-
Transfers	-
At 31 January 2016	99,596
Depreciation
At 1 February 2015	2,466
Charge for the year	219
On disposals	(833)
At 31 January 2016	1,852
Net book values
At 31 January 2016	97,744
At 31 January 2015	97,369

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100