WASDEN_&_REEDER_LIMITED - Accounts

WASDEN & REEDER LIMITED - Company Information

Print Friendly Version

Company Registration No. 08010047 (England and Wales)

WASDEN & REEDER LIMITED

T/A BELVOIR LETTINGS UXBRIDGE

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

WASDEN & REEDER LIMITED

T/A BELVOIR LETTINGS UXBRIDGE

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WASDEN & REEDER LIMITED

T/A BELVOIR LETTINGS UXBRIDGE

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

4,500

9,000

Tangible assets

15,205

17,088

19,705

26,088

Current assets

Debtors

7,319

1,147

Cash at bank and in hand

32,191

21,650

39,510

22,797

Creditors: amounts falling due within one year

(122,241)

(109,534)

Net current liabilities

(82,731)

(86,737)

Total assets less current liabilities

(63,026)

(60,649)

Capital and reserves

Called up share capital

100

Profit and loss account

(63,126)

(60,749)

Shareholders' funds

(63,026)

(60,649)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 December 2016

J. Wasden

Director

Company Registration No. 08010047

WASDEN & REEDER LIMITED

T/A BELVOIR LETTINGS UXBRIDGE

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

It is appropriate to treat the company as a going concern. J. Wasden, the director of the company, is the biggest creditor and will continue to provide financial support to the company during its start up period, until adequate cash resources are available.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT.

1.4

Franchise

The franchise cost is written off in equal annual installments over the length of the franchise agreement.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Equipment

25% on written down value

Fixtures and fittings

10% on cost

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015

22,500

24,891

47,391

Additions

874

At 31 March 2016

22,500

25,765

48,265

Depreciation

At 1 April 2015

13,500

7,803

21,303

Charge for the year

4,500

2,757

7,257

At 31 March 2016

18,000

10,560

28,560

Net book value

At 31 March 2016

4,500

15,205

19,705

At 31 March 2015

9,000

17,088

26,088

WASDEN & REEDER LIMITED

T/A BELVOIR LETTINGS UXBRIDGE

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 ordinary shares of £1 each

100