Willowbrook Commercial Limited - Period Ending 2016-03-31

Registration number: 05330834

Willowbrook Commercial Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 31 March 2016

Willowbrook Commercial Limited

(Registration number: 05330834)
Abbreviated Balance Sheet as at 31 March 2016

	Note	2016  £	2015  £
Fixed assets
Tangible assets	2	1,445	-
Current assets
Stocks		2,550	-
Debtors		1,030	8,611
Cash at bank and in hand		1,480	75
		5,060	8,686
Prepayments and accrued income		7,143	-
Creditors: Amounts falling due within one year		(31,087)	(1,496)
Net current (liabilities)/assets		(18,884)	7,190
Total assets less current liabilities		(17,439)	7,190
Accruals and deferred income		(1,166)	(597)
Net (liabilities)/assets		(18,605)	6,593
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(18,705)	6,493
Shareholders (deficit)/funds		(18,605)	6,593

For the year ending 31 March 2016 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.

Approved by the director on 21 December 2016

.........................................
AW Lebeter
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Willowbrook Commercial Limited

Notes to the Abbreviated Accounts

1

Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

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

Asset class	Depreciation method and rate
Fixtures and fittings	20% per annum reducing balance basis

Stock

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.

2

Fixed assets

	Tangible assets £	Total £
Cost
Additions	1,495	1,495
At 31 March 2016	1,495	1,495
Depreciation
Charge for the year	50	50
At 31 March 2016	50	50
Net book value
At 31 March 2016	1,445	1,445

Page 2

Willowbrook Commercial Limited

Notes to the Abbreviated Accounts

3

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinay shares of £1 each	100	100	100	100

4

Control

The director is the controlling party by virtue of his controlling shareholding in the company.

Page 3