Wilbraham Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04274535 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 MARCH 2016

FOR

WILBRAHAM LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T S Dhadda

P S Dhadda

S S Kandola

H S Kandola

SECRETARY:

S S Kandola

REGISTERED OFFICE:

570-572 Etruria Road

Basford

Newcastle

Staffordshire

ST5 0SU

REGISTERED NUMBER:

04274535 (England and Wales)

ACCOUNTANTS:

Barringtons Limited

Chartered Accountants

570-572 Etruria

Road, Basford

Newcastle

Staffordshire

ST5 0SU

FIXED ASSETS

Tangible assets

2

1,218,805

1,222,123

CURRENT ASSETS

Stocks

1,250

1,250

Debtors

390,384

423,669

Cash at bank and in hand

9,461

5

401,095

424,924

CREDITORS

Amounts falling due within one year

172,448

146,294

NET CURRENT ASSETS

228,647

278,630

TOTAL ASSETS LESS CURRENT LIABILITIES

1,447,452

1,500,753

CREDITORS

Amounts falling due after more than one year

336,918

383,738

NET ASSETS

1,110,534

1,117,015

CAPITAL AND RESERVES

Called up share capital

3

100

100

Revaluation reserve

722,208

722,208

Profit and loss account

388,226

394,707

SHAREHOLDERS' FUNDS

1,110,534

1,117,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 December 2016 and were signed on its behalf by:

H S Kandola - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Land not depreciated

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 31 March 2015

and 30 March 2016

1,324,564

DEPRECIATION

At 31 March 2015

102,441

Charge for year

3,318

At 30 March 2016

105,759

NET BOOK VALUE

At 30 March 2016

1,218,805

At 30 March 2015

1,222,123

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100