Abbreviated Company Accounts - WALSHAW MOTOR BODIES LTD

WALSHAW MOTOR BODIES LTD - Company Information

04442569 WALSHAW MOTOR BODIES LTD 2016-03-31 false 2015-04-01 2016-03-31 true 04442569 2015-04-01 2016-03-31 04442569 2016-03-31 04442569 2015-03-31 04442569 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04442569 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04442569

WALSHAW MOTOR BODIES LTD

Abbreviated Accounts

31 March 2016

WALSHAW MOTOR BODIES LTD Registered Number 04442569

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,418	1,892
		1,418	1,892
Current assets
Stocks		19,963	18,633
Debtors		38,378	30,205
Cash at bank and in hand		1	-
		58,342	48,838
Creditors: amounts falling due within one year		(97,666)	(68,862)
Net current assets (liabilities)		(39,324)	(20,024)
Total assets less current liabilities		(37,906)	(18,132)
Creditors: amounts falling due after more than one year		(490)	(4,203)
Total net assets (liabilities)		(38,396)	(22,335)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(38,397)	(22,336)
Shareholders' funds		(38,396)	(22,335)

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 8 September 2016

And signed on their behalf by:
M DUXBURY, Director

WALSHAW MOTOR BODIES LTD Registered Number 04442569

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 April 2008.

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.

Plant and machinery 25% on net book value
Fixtures and fittings 25% on net book value
Motor vehicles 25% on net book value

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

Leasing and hire purchase commitments
"Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term."

2Tangible fixed assets

	£
Cost
At 1 April 2015	24,109
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	24,109
Depreciation
At 1 April 2015	22,217
Charge for the year	474
On disposals	-
At 31 March 2016	22,691
Net book values
At 31 March 2016	1,418
At 31 March 2015	1,892

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

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