Walters Architects Limited - Abbreviated accounts 16.3

Walters Architects Limited - Abbreviated accounts 16.3

WALTERS ARCHITECTS LIMITED - Company Information

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REGISTERED NUMBER: 06705909 (England and Wales)






























ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

WALTERS ARCHITECTS LIMITED

WALTERS ARCHITECTS LIMITED (REGISTERED NUMBER: 06705909)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

WALTERS ARCHITECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTOR: Mr K A Walters





REGISTERED OFFICE: 69 Town Green Street
Rothley
Leicester
LE7 7NW





REGISTERED NUMBER: 06705909 (England and Wales)
Page 1
WALTERS ARCHITECTS LIMITED (REGISTERED NUMBER: 06705909)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 11,900 15,300
Tangible assets 3 658 2,618
12,558 17,918

CURRENT ASSETS
Debtors 16,273 10,842
Cash at bank and in hand 243 20
16,516 10,862
CREDITORS
Amounts falling due within one year 4 28,072 26,827
NET CURRENT LIABILITIES (11,556 ) (15,965 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,002
1,953

PROVISIONS FOR LIABILITIES 132 524
NET ASSETS 870 1,429

CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and loss account 869 1,428
SHAREHOLDERS' FUNDS 870 1,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
WALTERS ARCHITECTS LIMITED (REGISTERED NUMBER: 06705909)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 director on 23 December 2016 and were signed by:





Mr K A Walters - Director


The notes form part of these abbreviated accounts

Page 3
WALTERS ARCHITECTS LIMITED (REGISTERED NUMBER: 06705909)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


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 services, excluding value added taxes. Revenue is recognised when an
invoice is raised and a right to consideration is due.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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

Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 34,000
AMORTISATION
At 1 April 2015 18,700
Amortisation for year 3,400
At 31 March 2016 22,100
NET BOOK VALUE

At 31 March 2016 11,900
At 31 March 2015 15,300

Page 4 continued...
WALTERS ARCHITECTS LIMITED (REGISTERED NUMBER: 06705909)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 7,189
DEPRECIATION
At 1 April 2015 4,571
Charge for year 1,960
At 31 March 2016 6,531
NET BOOK VALUE
At 31 March 2016 658
At 31 March 2015 2,618

4. CREDITORS

Creditors include an amount of £ 2,897 for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary 1 1 1

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and
31 March 2015:

2016 2015
£    £   
Mr K A Walters
Balance outstanding at start of year 7,661 -
Amounts advanced 23,793 32,598
Amounts repaid (21,208 ) (24,937 )
Balance outstanding at end of year 10,246 7,661

Page 5