Wilbys Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04585083 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Wilbys Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr B Seal

Mr T D A Scourfield

SECRETARY:

Mr B Seal

REGISTERED OFFICE:

The Old Co-op

69 High Street

Dodworth

Barnsley

South Yorkshire

S75 3RQ

REGISTERED NUMBER:

04585083 (England and Wales)

ACCOUNTANTS:

Hart Moss Doyle Ltd

The Old Co-op

69 High Street

Dodworth

Barnsley

South Yorkshire

S75 3RQ

FIXED ASSETS

Intangible assets

2

53,359

80,023

Tangible assets

3

14,089

18,708

67,448

98,731

CURRENT ASSETS

Stocks

16,000

15,250

Debtors

410,682

372,096

Cash at bank and in hand

43,536

81,136

470,218

468,482

CREDITORS

Amounts falling due within one year

88,462

87,971

NET CURRENT ASSETS

381,756

380,511

TOTAL ASSETS LESS CURRENT
LIABILITIES

449,204

479,242

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

449,202

479,240

SHAREHOLDERS' FUNDS

449,204

479,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by Mr B Seal and Mr TDA Scourfield the Board of Directors on 30 March 2017
and were signed on its behalf by:

Mr T D A Scourfield - Director

Mr B Seal - Director

1.	ACCOUNTING POLICIES

Accounting convention

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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

400,000

AMORTISATION

At 1 July 2015

319,977

Amortisation for year

26,664

At 30 June 2016

346,641

NET BOOK VALUE

At 30 June 2016

53,359

At 30 June 2015

80,023

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

99,754

Additions

455

At 30 June 2016

100,209

DEPRECIATION

At 1 July 2015

81,046

Charge for year

5,074

At 30 June 2016

86,120

NET BOOK VALUE

At 30 June 2016

14,089

At 30 June 2015

18,708

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

2

Ordinary

£1

2