Company Registration No. 06541782 (England and Wales)
MARY ANN WEEKS (WALTON) LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
MARY ANN WEEKS (WALTON) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MARY ANN WEEKS (WALTON) LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
39,350
54,010
Current assets
Stocks
15,000
15,000
Debtors
29,778
25,782
Cash at bank and in hand
40,306
41,770
85,084
82,552
Creditors: amounts falling due within one year
(82,504)
(84,898)
Net current assets/(liabilities)
2,580
(2,346)
Total assets less current liabilities
41,930
51,664
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
41,830
51,564
Shareholders' funds
41,930
51,664
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 3 January 2017
Mr. J Weeks
Director
Company Registration No. 06541782
MARY ANN WEEKS (WALTON) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
Straight Line over the life of the lease
Plant and machinery
25% Reducing Balance
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
MARY ANN WEEKS (WALTON) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2015
222,672
Additions
3,933
At 31 July 2016
226,605
Depreciation
At 1 August 2015
168,661
Charge for the year
18,594
At 31 July 2016
187,255
Net book value
At 31 July 2016
39,350
At 31 July 2015
54,010
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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