Wycombe Rye Limited - Period Ending 2016-12-31

 
 
 
 
 
 
 
  Wycombe Rye Limited
 
  Unaudited Abbreviated Accounts
  Period from 16 December 2015 to 31 December 2016

 
  Company Registration Number: 09918700

Wycombe Rye Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3

Wycombe Rye Limited
Abbreviated Balance Sheet
31 December 2016

		Note			31 December 2016 £
Current assets
Stocks					907,892
Debtors					612
Cash at bank and in hand					1,020
					909,524
Creditors: Amounts falling due within one year					(913,470)
Net liabilities					(3,946)
Capital and reserves
Called up share capital		2			100
Profit and loss account					(4,046)
Shareholders' deficit					(3,946)

The notes on page 3 form an integral part of these financial statements.
Page 1

Wycombe Rye Limited
Abbreviated Balance Sheet
31 December 2016 ......... continued

For the year ending 31 December 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 March 2017 and signed on its behalf by:

Mr A P Smith
Director

Company Registration Number: 09918700

The notes on page 3 form an integral part of these financial statements.
Page 2

Wycombe Rye Limited
Notes to the Abbreviated Accounts
Period from 16 December 2015 to 31 December 2016 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

Notwithstanding the net liabilities of £3,946 the financial statements have been prepared on a going concern basis. The directors will continue to support the company over the next 12 months to ensure that the liabilities of the company can be met as and when they fall due.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2	Share capital

Allotted, called up and fully paid shares

	31 December 2016
		No.			£
100 ordinary shares of £1 each		100			100

New shares allotted

During the period 100 ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. The shares were issued on incorporation.

Page 3