Wooldridge Dairy Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04504359 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 July 2016

for

Wooldridge Dairy Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs B E M Wooldridge

F J Wooldridge

J F C Tarr

SECRETARY:

Mrs B E M Wooldridge

REGISTERED OFFICE:

Dingle Edge

Bath Road

Nympsfield

Stonehouse

Glos

GL10 3UQ

REGISTERED NUMBER:

04504359 (England and Wales)

ACCOUNTANTS:

GCSD Accountants Limited

Chartered Accountants

701 Stonehouse Park

Sperry Way

Stonehouse

Gloucestershire

GL10 3UT

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

41,941

31,169

41,941

31,169

CURRENT ASSETS

Stocks

108,843

61,201

Debtors

127,772

130,446

Cash at bank and in hand

118,862

96,061

355,477

287,708

CREDITORS

Amounts falling due within one year

370,434

298,638

NET CURRENT LIABILITIES

(14,957

)

(10,930

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,984

20,239

CREDITORS

Amounts falling due after more than one year

(1,227

)

(5,726

)

PROVISIONS FOR LIABILITIES

(7,715

)

(5,413

)

NET ASSETS

18,042

9,100

CAPITAL AND RESERVES

Called up share capital

4

200

200

Profit and loss account

17,842

8,900

SHAREHOLDERS' FUNDS

18,042

9,100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 21 November 2016 and were signed on its behalf by:

F J Wooldridge - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, 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.

Improvements to property

-

2% on cost

Plant and machinery

-

15% on cost and 5% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 August 2015

and 31 July 2016

45,000

AMORTISATION

At 1 August 2015

and 31 July 2016

45,000

NET BOOK VALUE

At 31 July 2016

-

At 31 July 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

165,671

Additions

29,067

Disposals

(66,539

)

At 31 July 2016

128,199

DEPRECIATION

At 1 August 2015

134,502

Charge for year

18,295

Eliminated on disposal

(66,539

)

At 31 July 2016

86,258

NET BOOK VALUE

At 31 July 2016

41,941

At 31 July 2015

31,169

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1,000

'A' Ordinary Shares

1

100

100

1,000

'B' Ordinary

1

100

100

200

200