CARTER WELLS LIMITED - Abbreviated accounts

CARTER WELLS LIMITED - Company Information

Registered number

08094405

CARTER WELLS LIMITED

Unaudited Abbreviated Accounts

5 April 2016

CARTER WELLS LIMITED

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of CARTER WELLS LIMITED for the year ended 5 April 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of CARTER WELLS LIMITED for the year ended 5 April 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Farrow Accounting & Tax Limited
Chartered Accountants
Worple Court
95 South Worple Way
London
SW14 8ND

4 January 2017

CARTER WELLS LIMITED
Registered number:		08094405
Abbreviated Balance Sheet
as at 5 April 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		543			1,117

Current assets
Debtors		3,063			3,150
Cash at bank and in hand		-			1
		3,063			3,151

Creditors: amounts falling due within one year		(34,281)			(19,645)

Net current liabilities			(31,218)			(16,494)

Total assets less current liabilities			(30,675)			(15,377)

Creditors: amounts falling due after more than one year			-			(7,715)



Net liabilities			(30,675)			(23,092)

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			(30,676)			(23,093)

Shareholder's funds			(30,675)			(23,092)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Ms A.E.L Barrington-Wells
Director
Approved by the board on 4 January 2017

CARTER WELLS LIMITED
Notes to the Abbreviated Accounts
for the year ended 5 April 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Going concern basis of preparation
	At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the director that she will continue to give financial support to the company from the date of approval of these financial statements. On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Tangible fixed assets					£

	Cost
	At 6 April 2015					1,741
	At 5 April 2016					1,741

	Depreciation
	At 6 April 2015					624
	Charge for the year					574
	At 5 April 2016					1,198

	Net book value
	At 5 April 2016					543
	At 5 April 2015					1,117


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1