Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

WILVERLEY FURNITURE LIMITED - Company Information

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WILVERLEY FURNITURE LIMITED

Company Registration Number:
06532723 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

WILVERLEY FURNITURE LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 5,974 7,024
Total fixed assets: 5,974 7,024
Current assets
Stocks: 78,203 81,660
Debtors: 20,649 82,270
Cash at bank and in hand: 253,762 176,485
Total current assets: 352,614 340,415
Creditors: amounts falling due within one year: ( 52,631 ) ( 932 )
Net current assets (liabilities): 299,983 339,483
Total assets less current liabilities: 305,957 346,507
Creditors: amounts falling due after more than one year: ( 14,915 ) ( 20,884 )
Provision for liabilities: 0 ( 21,001 )
Total net assets (liabilities): 291,042 304,622

The notes form part of these financial statements

WILVERLEY FURNITURE LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 4 4
Revaluation reserve: 0
Profit and loss account: 291,038 304,618
Shareholders funds: 291,042 304,622

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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 29 December 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Charles Durrant
Status: Director

The notes form part of these financial statements

WILVERLEY FURNITURE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities 2015'

    Turnover policy

    The turnover represents amounts receivable for goods and services net of VAT and trade discounts

    Tangible fixed assets depreciation policy

    Depreciation is calculated to match the rates of the current tax year

    Intangible fixed assets amortisation policy

    Amortisation is calculated at the following rates to write off the cost of an asset, less its residual value, over its estimated useful economic lifetime – annual amortisation of goodwill is 25%

    Valuation information and policy

    Socks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and overheads

WILVERLEY FURNITURE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Tangible assets

    Total
    Cost £
    01 April 2015: 18,397
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 18,397
    Depreciation
    01 April 2015: 11,373
    Charge for year: 1,050
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 12,423
    Net book value
    31 March 2016: 5,974
    31 March 2015: 7,024

WILVERLEY FURNITURE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 4 1.00 4
    Preference shares: 0
    Total share capital (£): 4
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 4 1.00 4
    Preference shares: 0
    Total share capital (£): 4