Abbreviated Company Accounts - WEDGEWOOD ESTATES LIMITED

WEDGEWOOD ESTATES LIMITED - Company Information

Registered Number 03133578

WEDGEWOOD ESTATES LIMITED

Abbreviated Accounts

31 March 2016

WEDGEWOOD ESTATES LIMITED Registered Number 03133578

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	137,003	107,041
		137,003	107,041
Current assets
Debtors		1,351,767	969,757
Investments		2,000	2,000
Cash at bank and in hand		2,007,943	2,595,716
		3,361,710	3,567,473
Creditors: amounts falling due within one year		(1,080,216)	(1,343,386)
Net current assets (liabilities)		2,281,494	2,224,087
Total assets less current liabilities		2,418,497	2,331,128
Creditors: amounts falling due after more than one year		(451,314)	(451,314)
Total net assets (liabilities)		1,967,183	1,879,814
Capital and reserves
Called up share capital		2	2
Profit and loss account		1,967,181	1,879,812
Shareholders' funds		1,967,183	1,879,814

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 31 December 2016

And signed on their behalf by:
Mrs Elizabeth Ann Frasca, Director

WEDGEWOOD ESTATES LIMITED Registered Number 03133578

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 April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Land and buildings leasehold - NIL
Plant and machinery - 25% reducing balance.
Computer equipment - 33.33% cost
Fixtures, fittings & equipment - 25% reducing balance.
Motor vehicles - 25% reducing balance.

2Tangible fixed assets

	£
Cost
At 1 April 2015	294,501
Additions	55,674
Disposals	(3,400)
Revaluations	-
Transfers	-
At 31 March 2016	346,775
Depreciation
At 1 April 2015	187,460
Charge for the year	22,312
On disposals	-
At 31 March 2016	209,772
Net book values
At 31 March 2016	137,003
At 31 March 2015	107,041