WORKSHOPS_AT_SCHOOLS_LIMI - Accounts

WORKSHOPS AT SCHOOLS LIMITED - Company Information

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Company Registration number 07977414

WORKSHOPS AT SCHOOLS

LIMITED

Abbreviated Accounts

For the year ended 31 March 2016

WORKSHOPS AT SCHOOLS LIMITED

Financial statements for the year ended 31 March 2016

Contents

Pages

Balance sheet

Notes to the financial statements

2-3

WORKSHOPS AT SCHOOLS LIMITED

Abbreviated balance sheet as at 31 March 2016

2016

2015

Notes

Fixed assets

Intangible assets

3,700

6,600

Tangible assets

63,365

68,310

67,065

74,910

Current assets

Stock

41,000

24,000

Debtors

29,351

27,311

Cash at bank and in hand

2,531

8,437

72,882

59,748

Creditors:

amounts falling due within one year

(87,227)

(67,908)

Net current liabilities

(14,345)

(8,160)

Total assets less current liabilities

52,720

66,750

Provision for liabilities

(12,673)

(13,418)

40,047

53,332

Capital and reserves

Called up share capital

Profit and loss account

40,037

53,322

Shareholder's funds

40,047

53,332

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 member has 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the board of directors on 14 December 2016 and signed on its behalf.

W J Woods - Director

Company Registration No: 07977414

The notes on pages 2 to 3 form part of these financial statements.

WORKSHOPS AT SCHOOLS LIMITED

Notes to the abbreviated accounts for the year ended 31 March 2016

Accounting policies

Basis of accounting

The financial statements are prepared on the historical cost basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow statement as it qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods and services supplied to customers during the year. Income is recognised when services are completed to the extent that the customer has an obligation to pay all or part of the contract sums.

Depreciation of tangible fixed assets

Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:

Motor vehicles

25% on cost

Equipment, fixtures and fittings

50%/20% on cost

Biomass Boiler

5% on cost

Computer equipment

25% on cost

Goodwill

Goodwill arose on the incorporation of a business and is amortised through the profit and loss account in equal installments over the estimated useful life.

Stocks

Stock is valued at the lower of cost and estimated net realisable value.

Deferred taxation

Deferred tax is provided in respect of the tax effect of all timing differences that have originated but not reversed at the balance sheet date.

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on a nondiscounted basis, at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

WORKSHOPS AT SCHOOLS LIMITED

Notes to the abbreviated accounts for the year ended 31 March 2016 (continued)

Fixed assets

Intangible

Tangible

fixed

assets

Total

Cost:

At 1 April 2015

14,500

113,756

128,256

Additions

25,058

Disposals

(9,195)

At 31 March 2016

14,500

129,619

144,119

Depreciation:

At 1 April 2015

7,900

45,446

53,346

Provision for the year

2,900

26,343

29,243

Adjustments for disposals

(5,535)

At 31 March 2016

10,800

66,254

77,054

Net book value:

At 31 March 2016

3,700

63,365

67,065

At 31 March 2015

6,600

68,310

74,910

Called-up share capital

2016

2015

2016

2015

Allotted, called up and fully paid

Equity shares:

Ordinary shares class A of £1 each

Ordinary shares class B of £1 each

These shares rank pari passu in all respects.