Abbreviated Company Accounts - WHITELEY MANAGEMENT SERVICES LIMITED

WHITELEY MANAGEMENT SERVICES LIMITED - Company Information

Registered Number 06150165

WHITELEY MANAGEMENT SERVICES LIMITED

Abbreviated Accounts

31 March 2016

WHITELEY MANAGEMENT SERVICES LIMITED Registered Number 06150165

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	209,655	208,045
		209,655	208,045
Current assets
Debtors		30,153	24,203
Cash at bank and in hand		95,642	42,743
		125,795	66,946
Creditors: amounts falling due within one year		(141,402)	(132,106)
Net current assets (liabilities)		(15,607)	(65,160)
Total assets less current liabilities		194,048	142,885
Provisions for liabilities		(383)	(61)
Total net assets (liabilities)		193,665	142,824
Capital and reserves
Called up share capital		1	1
Profit and loss account		193,664	142,823
Shareholders' funds		193,665	142,824

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 12 December 2016

And signed on their behalf by:
John Cox, Director

WHITELEY MANAGEMENT SERVICES LIMITED Registered Number 06150165

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the special provisions relating to small companies within the Companies Act 2006.

Turnover policy
Turnover comprises the value of sales excluding value added tax and trade discounts and was derived from the company’s principal activity which was carried out wholly in the UK.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write down the cost or valuation, less estimated residual value, of all tangible fixed assets, with the exception of freehold land, by equal annual instalments over their expected useful lives.

Other accounting policies
Deferred taxation
Provision is made in full for all taxation deferred in respect of timing differences that have originated but not reversed by the balance sheet date, except for gains on disposal of fixed assets which will be rolled over into replacement assets. No provision is made for taxation on permanent differences. Deferred tax assets are recognised to the extent that it is more likely than not that they will be recovered.

2Tangible fixed assets

	£
Cost
At 1 April 2015	215,104
Additions	2,322
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	217,426
Depreciation
At 1 April 2015	7,059
Charge for the year	712
On disposals	-
At 31 March 2016	7,771
Net book values
At 31 March 2016	209,655
At 31 March 2015	208,045