W8 Property Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04958806 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2016

for

W8 Property Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M S Bradley

C P Bradley

SECRETARY:

Mrs R Bradley

REGISTERED OFFICE:

74 College Road

Maidstone

Kent

ME15 6SL

REGISTERED NUMBER:

04958806 (England and Wales)

ACCOUNTANTS:

Blain Pritchard

Authorised Public Accountants

74 College Road

Maidstone

Kent

ME15 6SL

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

14,525

19,366

14,525

19,366

CURRENT ASSETS

Stocks

8,500

Debtors

61,510

77,678

Cash at bank and in hand

1,084

9,295

71,094

95,473

CREDITORS

Amounts falling due within one year

56,253

67,527

NET CURRENT ASSETS

14,841

27,946

TOTAL ASSETS LESS CURRENT
LIABILITIES

29,366

47,312

CREDITORS

Amounts falling due after more than one
year

6,131

11,337

NET ASSETS

23,235

35,975

CAPITAL AND RESERVES

Called up share capital

4

200

Profit and loss account

23,035

35,775

SHAREHOLDERS' FUNDS

23,235

35,975

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

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

M S Bradley - 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 invoiced work done excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and Machinery etc.- 25% pa on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

40,000

AMORTISATION

At 1st April 2015

and 31st March 2016

40,000

NET BOOK VALUE

At 31st March 2016

-

At 31st March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

42,399

DEPRECIATION

At 1st April 2015

23,033

Charge for year

4,841

At 31st March 2016

27,874

NET BOOK VALUE

At 31st March 2016

14,525

At 31st March 2015

19,366

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

140

Ordinary

£1

140

20

Ordinary A

£1

20

Ordinary B

£1

20

Ordinary C

£1

20

200