Abbreviated Company Accounts - RICHARD P. WALSH & COMPANY LIMITED

RICHARD P. WALSH & COMPANY LIMITED - Company Information

03242637 RICHARD P. WALSH & COMPANY LIMITED 2016-08-29 false 2015-08-30 2016-08-29 true 03242637 2015-08-30 2016-08-29 03242637 2016-08-29 03242637 2015-08-29 03242637 uk-gaap-cd-bus:Director1 2015-08-30 2016-08-29 03242637 uk-gaap-cd-bus:Director2 2015-08-30 2016-08-29 uk-gaap-cd-bus:Director3 2015-08-30 2016-08-29 uk-gaap-cd-bus:Director3 2016-08-29 uk-gaap-cd-bus:Director3 2015-08-29 uk-gaap-cd-bus:Director4 2015-08-30 2016-08-29 uk-gaap-cd-bus:Director4 2016-08-29 uk-gaap-cd-bus:Director4 2015-08-29 iso4217:GBP shares

Registered Number 03242637

RICHARD P. WALSH & COMPANY LIMITED

Abbreviated Accounts

29 August 2016

RICHARD P. WALSH & COMPANY LIMITED Registered Number 03242637

Abbreviated Balance Sheet as at 29 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	23,419	1,567
		23,419	1,567
Current assets
Stocks		12,075	4,650
Debtors		1,130	14,867
Cash at bank and in hand		42,946	18,105
		56,151	37,622
Creditors: amounts falling due within one year		(47,108)	(38,968)
Net current assets (liabilities)		9,043	(1,346)
Total assets less current liabilities		32,462	221
Total net assets (liabilities)		32,462	221
Capital and reserves
Called up share capital		100	100
Profit and loss account		32,362	121
Shareholders' funds		32,462	221

For the year ending 29 August 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 22 November 2016

And signed on their behalf by:
R P Walsh, Director

RICHARD P. WALSH & COMPANY LIMITED Registered Number 03242637

Notes to the Abbreviated Accounts for the period ended 29 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 15% reducing balance
Motor vehicles - 20% reducing balance

Other accounting policies
Stock - Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 30 August 2015	15,341
Additions	27,846
Disposals	-
Revaluations	-
Transfers	-
At 29 August 2016	43,187
Depreciation
At 30 August 2015	13,774
Charge for the year	5,994
On disposals	-
At 29 August 2016	19,768
Net book values
At 29 August 2016	23,419
At 29 August 2015	1,567

3Transactions with directors

Name of director receiving advance or credit:	R P Walsh
Description of the transaction:	Directors Loan
Balance at 30 August 2015:	£ 8,946
Advances or credits made:	-
Advances or credits repaid:	£ 8,946
Balance at 29 August 2016:	£ 0

Name of director receiving advance or credit:	S J Walsh
Description of the transaction:	Directors Loan
Balance at 30 August 2015:	£ 1,878
Advances or credits made:	-
Advances or credits repaid:	£ 1,878
Balance at 29 August 2016:	£ 0