Abbreviated Company Accounts - A K WAUGH LIMITED

WAUGH HOLDINGS LIMITED - Company Information

SC049830 A K WAUGH LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true SC049830 2015-07-01 2016-06-30 SC049830 2016-06-30 SC049830 2015-06-30 SC049830 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 SC049830 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number SC049830

A K WAUGH LIMITED

Abbreviated Accounts

30 June 2016

A K WAUGH LIMITED Registered Number SC049830

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,339	5,437
		4,339	5,437
Current assets
Stocks		26,775	28,185
Debtors		13,566	17,891
		40,341	46,076
Creditors: amounts falling due within one year		(51,020)	(43,166)
Net current assets (liabilities)		(10,679)	2,910
Total assets less current liabilities		(6,340)	8,347
Total net assets (liabilities)		(6,340)	8,347
Capital and reserves
Called up share capital	3	15,000	15,000
Profit and loss account		(21,340)	(6,653)
Shareholders' funds		(6,340)	8,347

For the year ending 30 June 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 27 March 2017

And signed on their behalf by:
A W T Waugh, Director

A K WAUGH LIMITED Registered Number SC049830

Notes to the Abbreviated Accounts for the period ended 30 June 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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life as follows -
Plant and machinery 15% reducing balance
Equipment and fittings 15% reducing balance
Motor vehicles 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 July 2015	64,888
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	64,888
Depreciation
At 1 July 2015	59,451
Charge for the year	1,098
On disposals	-
At 30 June 2016	60,549
Net book values
At 30 June 2016	4,339
At 30 June 2015	5,437

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
15,000 Ordinary shares of £1 each	15,000	15,000