Woodnwalls Limited - Limited company accounts 16.1

REGISTERED NUMBER: 08982511 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

WOODNWALLS LIMITED

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

A P Griffiths

G Kennedy

SECRETARY:

REGISTERED OFFICE:

295 High Street

Rainham

Kent

ME8 8DS

REGISTERED NUMBER:

08982511 (England and Wales)

ACCOUNTANTS:

J Parish & Co

295 High Street

Rainham

Gillingham

Kent

ME8 8DS

The directors present their report with the financial statements of the company for the year ended 30 April 2016.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2015 to the date of this report.

A P Griffiths

G Kennedy

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

G Kennedy - Director

5 September 2016

TURNOVER

10,833

139,146

Cost of sales

14,574

97,991

GROSS (LOSS)/PROFIT

(3,741

)

41,155

Administrative expenses

16,547

18,103

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

2

(20,288

)

23,052

Tax on (loss)/profit on ordinary activities

3

-

-

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(20,288

)

23,052

FIXED ASSETS

Tangible assets

5

18,654

24,264

CURRENT ASSETS

Stocks

5,200

-

Cash at bank

1,689

45,357

6,889

45,357

CREDITORS

Amounts falling due within one year

6

45,778

69,567

NET CURRENT LIABILITIES

(38,889

)

(24,210

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,235

)

54

CAPITAL AND RESERVES

Called up share capital

7

2

2

Profit and loss account

8

(20,237

)

52

SHAREHOLDERS' FUNDS

(20,235

)

54

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 5 September 2016 and were signed on its behalf by:

G Kennedy - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

2.	OPERATING (LOSS)/PROFIT

The operating loss (2015 - operating profit) is stated after charging:

Period

7.4.14

Year Ended

to

30.4.16

30.4.15

£

£

Depreciation - owned assets

6,219

8,621

Directors' remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 30 April 2016 nor for the period ended

30 April 2015.

4.

DIVIDENDS

Period

7.4.14

Year Ended

to

30.4.16

30.4.15

£

£

ordinary shares of 2 each

Final

1

23,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2015

32,885

Additions

609

At 30 April 2016

33,494

DEPRECIATION

At 1 May 2015

8,621

Charge for year

6,219

At 30 April 2016

14,840

NET BOOK VALUE

At 30 April 2016

18,654

At 30 April 2015

24,264

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

£

Taxation and social security

425

11,275

Other creditors

45,353

58,292

45,778

69,567

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

2

ordinary

2

2

2

8.

RESERVES

Profit

and loss

account

£

At 1 May 2015

52

Deficit for the year

(20,288

)

Dividends

(1

)

At 30 April 2016

(20,237

)