Abbreviated Company Accounts - NORTH WALES CARAVANS LIMITED

NORTH WALES CARAVANS LIMITED - Company Information

Registered Number 06832612

NORTH WALES CARAVANS LIMITED

Abbreviated Accounts

31 March 2016

NORTH WALES CARAVANS LIMITED Registered Number 06832612

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	1,603	2,138
Investments	3	303,800	303,800
		305,403	305,938
Current assets
Stocks		119,505	28,700
Debtors		26,561	33,942
Cash at bank and in hand		27,098	58,349
		173,164	120,991
Creditors: amounts falling due within one year		(133,307)	(112,874)
Net current assets (liabilities)		39,857	8,117
Total assets less current liabilities		345,260	314,055
Creditors: amounts falling due after more than one year		(136,600)	(136,600)
Total net assets (liabilities)		208,660	177,455
Capital and reserves
Called up share capital		99	99
Profit and loss account		208,561	177,356
Shareholders' funds		208,660	177,455

For the year ending 31 March 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 1 December 2016

And signed on their behalf by:
Oliver Seldon, Director

NORTH WALES CARAVANS LIMITED Registered Number 06832612

Notes to the Abbreviated Accounts for the period ended 31 March 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 total value, excluding VAT, of sales made during the period.

Tangible assets depreciation policy
Depreciation is provided at 25% reducing balance basis on equipment.

Intangible assets amortisation policy
Fixed asset investments are stated at cost less provision for permanent diminution in value.

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

2Intangible fixed assets

	£
Cost
At 1 April 2015	8,216
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	8,216
Amortisation
At 1 April 2015	6,078
Charge for the year	535
On disposals	-
At 31 March 2016	6,613
Net book values
At 31 March 2016	1,603
At 31 March 2015	2,138

3Fixed assets Investments
Fixed asset investment relates to 49% shareholding of NWC Country Retreats Ltd, which is registered in England & Wales and which operates a holiday park.