Wrencon Limited - Abbreviated accounts 16.3
Wrencon Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Wrencon Limited |
| Abbreviated Unaudited Accounts for the Year Ended 30 April 2016 |
| Wrencon Limited (Registered number: 02116690) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 April 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Wrencon Limited |
| Company Information |
| for the Year Ended 30 April 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Wrencon Limited (Registered number: 02116690) |
| Abbreviated Balance Sheet |
| 30 April 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| CREDITORS |
| Amounts falling due within one year | 4 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Wrencon Limited (Registered number: 02116690) |
| Abbreviated Balance Sheet - continued |
| 30 April 2016 |
| The financial statements were approved by the Board of Directors on on its behalf by: |
| Wrencon Limited (Registered number: 02116690) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 April 2016 |
| 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 April 2015). |
| Turnover |
| Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and |
| services to customers. It includes income where the company is entitled to such for the provision of |
| goods and services through the performance of contractual obligations. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow |
| moving stocks. Net realisable value is based on selling price less anticipated costs to completion and |
| selling costs. |
| Deferred tax |
| Deferred tax is recognised, without discounting, in respect of all timing differences between the |
| treatment of certain items for taxation and accounting purposes, which have arisen but not reversed |
| by the balance sheet date, except as required by the FRSSE. |
| Deferred tax is measured at the rates that are expected to apply in the periods when the timing |
| differences are expected to reverse, based on the tax rates and law enacted at the balance sheet |
| date. |
| Hire purchase and leasing commitments |
| Rentals payable under operating leases are charged in the profit and loss account on a straight line |
| basis over the lease term. |
| Assets held under finance leases, which are leases where substantially all the risks and rewards of |
| ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible |
| fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital |
| elements of future obligations under the leases are included as liabilities in the balance sheet. The |
| interest element of the rental obligation 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. |
| Assets held under hire purchase agreements are capitalised as tangible fixed assets and are |
| depreciated over the shorter of the lease term and their useful lives. The capital element of future |
| finance payments is included within creditors. Finance charges are allocated to accounting periods |
| over the length of the contract. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions are recognised in the |
| profit and loss account in the period in which they become payable in accordance with the rules of the |
| scheme. |
| Wrencon Limited (Registered number: 02116690) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 April 2016 |
| 1. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual |
| arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is |
| any contract that evidences a residual interest in the assets of the company after deducting all of its |
| liabilities. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 May 2015 |
| Disposals | ( |
) |
| At 30 April 2016 |
| DEPRECIATION |
| At 1 May 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 April 2016 |
| NET BOOK VALUE |
| At 30 April 2016 |
| At 30 April 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Loans |
| £ |
| At 1 May 2015 | 362,977 |
| Additions | 82,766 |
| Disposals | (25,654 | ) |
| Share of profit/(loss) | (30,000 | ) |
| At 30 April 2016 | 390,089 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |