Company Registration No. NI606958 (Northern Ireland)
THE LAWN WIZARD LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
THE LAWN WIZARD LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
THE LAWN WIZARD LTD
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,674
11,106
Current assets
Debtors
7,791
4,108
Cash at bank and in hand
168
13
7,959
4,121
Creditors: amounts falling due within one year
(9,795)
(8,482)
Net current liabilities
(1,836)
(4,361)
Total assets less current liabilities
6,838
6,745
Creditors: amounts falling due after more than one year
(3,919)
(5,961)
2,919
784
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
2,819
684
Shareholder's funds
2,919
784
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 10 January 2017
Mr G,C Culbert
Director
Company Registration No. NI606958
THE LAWN WIZARD LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
33% per annum
Fixtures, fittings & equipment
25% per annum
Motor vehicles
25% per annum
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015
16,961
Additions
850
At 30 April 2016
17,811
Depreciation
At 1 May 2015
5,855
Charge for the year
3,282
At 30 April 2016
9,137
Net book value
At 30 April 2016
8,674
At 30 April 2015
11,106
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
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