| William Street Services Ltd |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of William Street Services Ltd for the year ended 31 March 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of William Street Services Ltd for the year ended 31 March 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| Pandey & Co Ltd |
| Chartered Accountants |
| Cambridge House |
| 32 Padwell Road |
| Southampton |
| SO14 6QZ |
|
| 10 December 2016 |
|
| William Street Services Ltd |
| Registered number: |
04658181 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
14,442 |
|
|
21,109 |
| Tangible assets |
3 |
|
|
34,493 |
|
|
35,249 |
|
|
|
|
48,935 |
|
|
56,358 |
|
| Current assets |
| Stocks |
|
|
11,800 |
|
|
8,310 |
| Debtors |
|
|
22,661 |
|
|
43,529 |
| Cash at bank and in hand |
|
|
118,655 |
|
|
158,058 |
|
|
|
153,116 |
|
|
209,897 |
|
| Creditors: amounts falling due within one year |
|
|
(52,241) |
|
|
(53,386) |
|
| Net current assets |
|
|
|
100,875 |
|
|
156,511 |
|
| Net assets |
|
|
|
149,810 |
|
|
212,869 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
149,710 |
|
|
212,769 |
|
| Shareholder's funds |
|
|
|
149,810 |
|
|
212,869 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr S. Emery |
| Director |
| Approved by the board on 10 December 2016 |
|
| William Street Services Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Office Equipment |
25% reducing balance |
|
Plant and machinery |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
100,000 |
|
At 31 March 2016 |
100,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2015 |
78,891 |
|
Provided during the year |
6,667 |
|
At 31 March 2016 |
85,558 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
14,442 |
|
At 31 March 2015 |
21,109 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
112,130 |
|
Additions |
10,742 |
|
At 31 March 2016 |
122,872 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
76,881 |
|
Charge for the year |
11,498 |
|
At 31 March 2016 |
88,379 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
34,493 |
|
At 31 March 2015 |
35,249 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
