Adrian Windridge Limited - Period Ending 2014-07-31

Registration number: 04773535

Adrian Windridge Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2014
 

Adrian Windridge Limited
(Registration number: 04773535)
Abbreviated Balance Sheet at 31 July 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			2,480			2,267
Current assets
Stocks					150			150
Debtors					4,276			4,143
Cash at bank and in hand					141			154
					4,567			4,447
Creditors: Amounts falling due within one year		3			(6,450)			(15,617)
Net current liabilities					(1,883)			(11,170)
Total assets less current liabilities					597			(8,903)
Provisions for liabilities					(496)			(453)
Net assets/(liabilities)					101			(9,356)
Capital and reserves
Called up share capital		4			500			500
Profit and loss account					(399)			(9,856)
Shareholders' funds/(deficit)					101			(9,356)

The notes on pages 3 to 4 form an integral part of these financial statements.
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Adrian Windridge Limited
(Registration number: 04773535)
Abbreviated Balance Sheet at 31 July 2014
......... continued

For the year ending 31 July 2014 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 14 October 2014 and signed on its behalf by:

.........................................
Mr A T Windridge
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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Adrian Windridge Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis though the company's liabilities exceed their assets. The directors are confident that sufficient income will be generated to ensure that all the company's liabilities are met. Hence, the directors feel that the going concern basis of preparation of accounts is appropriate.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. It includes the relevant proportion of contract values where work is partially performed in the year.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance basis

Stocks

Work in progress 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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.

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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Adrian Windridge Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

Pensions

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2013		3,619			3,619
Additions		650			650
At 31 July 2014		4,269			4,269
Depreciation
At 1 August 2013		1,352			1,352
Charge for the year		437			437
At 31 July 2014		1,789			1,789
Net book value
At 31 July 2014		2,480			2,480
At 31 July 2013		2,267			2,267

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due within one year		319			-

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		500			500			500			500

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