Salway and Wright (Lincs) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05294965 (England and Wales)

Salway and Wright (Lincs) Ltd

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Wood

A M Smith

Mrs R Wood

Mrs K Smith

SECRETARY:

A M Smith

REGISTERED OFFICE:

47 Grange Drive

Spalding

Lincolnshire

PE11 2DX

REGISTERED NUMBER:

05294965 (England and Wales)

ACCOUNTANTS:

Salway and Wright

Chartered Accountants

32 The Crescent

Spalding

Lincolnshire

PE11 1AF

CURRENT ASSETS

Debtors

30,816

30,445

Cash at bank

2,737

3,200

33,553

33,645

CREDITORS

Amounts falling due within one year

32,960

28,046

NET CURRENT ASSETS

593

5,599

TOTAL ASSETS LESS CURRENT LIABILITIES

593

5,599

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

591

5,597

SHAREHOLDERS' FUNDS

593

5,599

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 5 January 2017 and were signed on its behalf by:

A M Smith - Director

A Wood - 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 services, excluding value added tax.

Deferred tax

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

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

£

2

Ordinary

£1

2

2

3.	RELATED PARTY TRANSACTIONS

The business is owned and controlled by Mr and Mrs A Smith plus Mr and Mrs A Wood.