Wilmac Flooring (Company) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05253610 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Wilmac Flooring (Company) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P J McNall

M J Williams

SECRETARY:

REGISTERED OFFICE:

Unit 6 Cwrt Erwain

Central Trade Park, Phase 2 Marley Way

Saltney

Chester

Cheshire

CH4 8SX

REGISTERED NUMBER:

05253610 (England and Wales)

ACCOUNTANTS:

Robert Jones Accountants Limited

Chartered Accountants

Office 9, The Neston Centre,

High Street

Neston

Cheshire

CH64 9TZ

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

22,106

23,162

22,106

23,162

CURRENT ASSETS

Stocks

17,500

25,000

Debtors

77,941

108,473

Cash at bank and in hand

43,768

124,353

139,209

257,826

CREDITORS

Amounts falling due within one year

57,438

147,276

NET CURRENT ASSETS

81,771

110,550

TOTAL ASSETS LESS CURRENT
LIABILITIES

103,877

133,712

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

103,875

133,710

SHAREHOLDERS' FUNDS

103,877

133,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 30 November 2016 and were signed on its behalf
by:

P J McNall - Director

M J Williams - 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 comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade

discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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 etc

-

33% on cost and 25% on reducing balance

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

335,000

AMORTISATION

At 1 April 2015

and 31 March 2016

335,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

58,659

Additions

9,089

Disposals

(11,268

)

At 31 March 2016

56,480

DEPRECIATION

At 1 April 2015

35,497

Charge for year

6,804

Eliminated on disposal

(7,927

)

At 31 March 2016

34,374

NET BOOK VALUE

At 31 March 2016

22,106

At 31 March 2015

23,162

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary

£1

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

31.3.16

31.3.15

£

P J McNall

Balance outstanding at start of year

-

Amounts advanced

1,269

-

Amounts repaid

-

Balance outstanding at end of year

1,269

-

The advance represents a small loan which is unsecured and interest-free.