Well Hung Carpentry Limited |
Registered number: |
05807976 |
Abbreviated Balance Sheet |
as at 31 May 2016 |
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
1,436 |
|
|
1,914 |
|
Current assets |
Debtors |
|
|
- |
|
|
350 |
Cash at bank and in hand |
|
|
10 |
|
|
17 |
|
|
|
10 |
|
|
367 |
|
Creditors: amounts falling due within one year |
|
|
(17,131) |
|
|
(21,392) |
|
Net current liabilities |
|
|
|
(17,121) |
|
|
(21,025) |
|
Net liabilities |
|
|
|
(15,685) |
|
|
(19,111) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(15,785) |
|
|
(19,211) |
|
Shareholder's funds |
|
|
|
(15,685) |
|
|
(19,111) |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
T R Hudsley |
Director |
Approved by the board on 23 February 2017 |
|
Well Hung Carpentry Limited |
Notes to the Abbreviated Accounts |
for the year ended 31 May 2016 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% on reducing balance |
|
Motor vehicles |
25% on reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2015 |
10,462 |
|
At 31 May 2016 |
10,462 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2015 |
8,548 |
|
Charge for the year |
478 |
|
At 31 May 2016 |
9,026 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2016 |
1,436 |
|
At 31 May 2015 |
1,914 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
4 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
T R Hudsley |
|
Current account |
(20,798) |
|
- |
|
4,273 |
|
(16,525) |
|
|
|
(20,798) |
|
- |
|
4,273 |
|
(16,525) |
|
|
|
|
|
|
|
|
|