Abbreviated Company Accounts - WARREN PAYNE AND COMPANY LIMITED

WARREN PAYNE AND COMPANY LIMITED - Company Information

01898208 WARREN PAYNE AND COMPANY LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 01898208 2015-06-01 2016-05-31 01898208 2016-05-31 01898208 2015-05-31 01898208 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 01898208 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 01898208

WARREN PAYNE AND COMPANY LIMITED

Abbreviated Accounts

31 May 2016

WARREN PAYNE AND COMPANY LIMITED Registered Number 01898208

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	202,988	202,988
		202,988	202,988
Current assets
Cash at bank and in hand		11,732	15,406
		11,732	15,406
Creditors: amounts falling due within one year		(7,114)	(20,259)
Net current assets (liabilities)		4,618	(4,853)
Total assets less current liabilities		207,606	198,135
Total net assets (liabilities)		207,606	198,135
Capital and reserves
Called up share capital	3	5,000	5,000
Profit and loss account		202,606	193,135
Shareholders' funds		207,606	198,135

For the year ending 31 May 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 17 January 2017

And signed on their behalf by:
JANICE COLLEY, Director

WARREN PAYNE AND COMPANY LIMITED Registered Number 01898208

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - Nil

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets

	£
Cost
At 1 June 2015	210,574
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	210,574
Depreciation
At 1 June 2015	7,586
Charge for the year	-
On disposals	-
At 31 May 2016	7,586
Net book values
At 31 May 2016	202,988
At 31 May 2015	202,988

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
5,000 Ordinary shares of £1 each	5,000	5,000