Nicholas Wilson (Blackburn) Limited Small abbreviated accounts

NICHOLAS WILSON (BLACKBURN) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 05512949

NICHOLAS WILSON (BLACKBURN) LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

31 July 2016

NICHOLAS WILSON (BLACKBURN) LIMITED

ABBREVIATED BALANCE SHEET

31 July 2016

	2016	2015
Note	£	£	£	£
FIXED ASSETS	2
Tangible assets		3,973		4,567

CURRENT ASSETS

Debtors	-		2,338
Cash at bank and in hand	5,715		7,116
	-------		-------
	5,715		9,454
CREDITORS: Amounts falling due within one year	8,510		11,960
	-------		---------
NET CURRENT LIABILITIES		( 2,795)		( 2,506)
		-------		-------
TOTAL ASSETS LESS CURRENT LIABILITIES		1,178		2,061

PROVISIONS FOR LIABILITIES	795	913
	-------	-------
	383	1,148
	-------	-------

CAPITAL AND RESERVES

Called up equity share capital	3		2		1
Profit and loss account		381		1,147
		----		-------
SHAREHOLDERS' FUNDS		383		1,148
		----		-------

For the year ended 31 July 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 5 January 2017 .

N. Wilson

Company Registration Number: 05512949

NICHOLAS WILSON (BLACKBURN) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 JULY 2016

1. ACCOUNTING POLICIES

(a) Basis of accounting

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).

(b) Turnover

The turnover shown in the profit and loss account represents the invoice value of goods supplied and services provided during the year, exclusive of Value Added Tax.

All fixed assets are initially recorded at cost.

(d) Depreciation

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:

Plant & Machinery-10% per annum reducing balance

Motor Vehicles-25% per annum reducing balance

(e) Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

(f) Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 August 2015 and 31 July 2016	13,239
	---------

DEPRECIATION

At 1 August 2015	8,672
Charge for year	594
	---------
At 31 July 2016	9,266
	---------

NET BOOK VALUE

At 31 July 2016	3,973
	-------

At 31 July 2015	4,567
	-------

3. SHARE CAPITAL

Allotted, called up and fully paid:

2016	2015
No.	£	No.	£
Ordinary shares (2015 - 1) of £ 1 each	2	2	1	1
	----	----	----	----