Abbreviated Company Accounts - WALIS & CO LTD

Registered Number 06740477

WALIS & CO LTD

Abbreviated Accounts

31 March 2016

WALIS & CO LTD Registered Number 06740477

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	323	306
		323	306
Current assets
Debtors		7,000	6,513
Cash at bank and in hand		1,991	5,512
		8,991	12,025
Creditors: amounts falling due within one year		(13,474)	(16,278)
Net current assets (liabilities)		(4,483)	(4,253)
Total assets less current liabilities		(4,160)	(3,947)
Total net assets (liabilities)		(4,160)	(3,947)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(4,260)	(4,047)
Shareholders' funds		(4,160)	(3,947)

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 Board on 27 December 2016

And signed on their behalf by:
Mrs Ambreen Malik, Director

WALIS & CO LTD Registered Number 06740477

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015)

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year was derived from the provision of goods falling within the company's ordinary activities.

2Tangible fixed assets

	£
Cost
At 1 April 2015	677
Additions	98
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	775
Depreciation
At 1 April 2015	371
Charge for the year	81
On disposals	-
At 31 March 2016	452
Net book values
At 31 March 2016	323
At 31 March 2015	306