W A Weston(Radio & Elect) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00662992

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

W A WESTON (RADIO & ELECTRICAL) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A J Weston

Mrs P J Weston

SECRETARY:

Mrs P J Weston

REGISTERED OFFICE:

27 Market Place

Wirksworth

Derbyshire

DE4 4ET

REGISTERED NUMBER:

00662992

ACCOUNTANTS:

Mills & Black

Derwent House

141-145 Dale Road

Matlock

Derbyshire

DE4 3LU

FIXED ASSETS

Tangible assets

2

2,279

2,849

Investment property

3

300,000

302,279

302,849

CURRENT ASSETS

Cash at bank

1,327

2,337

CREDITORS

Amounts falling due within one year

29,332

36,688

NET CURRENT LIABILITIES

(28,005

)

(34,351

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

274,274

268,498

CAPITAL AND RESERVES

Called up share capital

4

3,000

Revaluation reserve

265,811

Profit and loss account

5,463

(313

)

SHAREHOLDERS' FUNDS

274,274

268,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 4 October 2016 and were signed on its behalf by:

A J Weston - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

41,663

DEPRECIATION

At 1 July 2015

38,814

Charge for year

570

At 30 June 2016

39,384

NET BOOK VALUE

At 30 June 2016

2,279

At 30 June 2015

2,849

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 July 2015

and 30 June 2016

300,000

NET BOOK VALUE

At 30 June 2016

300,000

At 30 June 2015

300,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

3,000

Ordinary

£1

3,000