WESTERN_PAINTING_CONTRACT - Accounts

WESTERN PAINTING CONTRACTORS LIMITED - Company Information

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Company Registration No. 05443315 (England and Wales)

WESTERN PAINTING CONTRACTORS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

WESTERN PAINTING CONTRACTORS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WESTERN PAINTING CONTRACTORS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,978

3,033

Current assets

Debtors

27,153

24,120

27,153

24,120

Creditors: amounts falling due within one year

(46,037)

(32,297)

Net current liabilities

(18,884)

(8,177)

Total assets less current liabilities

(15,906)

(5,144)

Provisions for liabilities

(100)

(15,906)

(5,244)

Capital and reserves

Called up share capital

Profit and loss account

(15,907)

(5,245)

Shareholders' funds

(15,906)

(5,244)

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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 December 2016

Neville Burke

Director

Company Registration No. 05443315

WESTERN PAINTING CONTRACTORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The accounts are prepared on the going concern basis under the assumption that it will continue to be supported by the shareholders and directors of the company.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

10% - Reducing balance basis

Motor vehicles

25% - Reducing balance basis

WESTERN PAINTING CONTRACTORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2015

8,567

Additions

276

At 31 March 2016

8,843

Depreciation

At 1 April 2015

5,534

Charge for the year

331

At 31 March 2016

5,865

Net book value

At 31 March 2016

2,978

At 31 March 2015

3,033

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each

Ultimate parent company

The company's ultimate controlling party is Neville Burke, Harry Burke, Elizabeth Burke & Charmain

Armstrong by virtue of equally owning 25% of the shares of Western Decorating & Maintenance Limited who is the shareholder of the company.