Way Inn (Berkhamsted) Limited - Abbreviated accounts 16.3

Way Inn (Berkhamsted) Limited - Abbreviated accounts 16.3

WAY INN (BERKHAMSTED) LIMITED - Company Information

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REGISTERED NUMBER: 02501078 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Way Inn (Berkhamsted) Limited

Way Inn (Berkhamsted) Limited (Registered number: 02501078)






Contents of the Abbreviated Accounts
for the Year Ended 30 June 2016




Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

Way Inn (Berkhamsted) Limited

Company Information
for the Year Ended 30 June 2016







DIRECTORS: M L Lindo
C Smith





SECRETARY: M L Lindo





REGISTERED OFFICE: 268 High Street
Berkhamsted
Hertfordshire
HP4 1AQ





REGISTERED NUMBER: 02501078 (England and Wales)





ACCOUNTANTS: Stewarts Accountants Limited
271 High Street
Berkhamsted
Hertfordshire
HP4 1AA
Page 1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Way Inn (Berkhamsted) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Way Inn (Berkhamsted) Limited for the year ended 30 June 2016 which comprise the Profit and
Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Way Inn (Berkhamsted) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Way Inn (Berkhamsted) Limited and state those matters that we have agreed to state to the Board of Directors of Way Inn (Berkhamsted) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Way Inn (Berkhamsted) Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Way Inn (Berkhamsted) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Way Inn (Berkhamsted) Limited. You consider that Way Inn (Berkhamsted) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Way Inn (Berkhamsted) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stewarts Accountants Limited
271 High Street
Berkhamsted
Hertfordshire
HP4 1AA


31 March 2017

This page does not form part of the abbreviated accounts

Page 2
Way Inn (Berkhamsted) Limited (Registered number: 02501078)

Abbreviated Balance Sheet
30 June 2016

30.6.16 30.6.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 25,180 26,945
Tangible assets 3 574 717
25,754 27,662

CURRENT ASSETS
Stocks 53,323 40,808
Debtors 13,814 13,814
Cash at bank 25,196 24,611
92,333 79,233
CREDITORS
Amounts falling due within one year 16,260 11,366
NET CURRENT ASSETS 76,073 67,867
TOTAL ASSETS LESS CURRENT
LIABILITIES
101,827
95,529

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 101,825 95,527
SHAREHOLDERS' FUNDS 101,827 95,529

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 the Board of Directors on 31 March 2017 and were signed on its behalf by:





M L Lindo - Director


The notes form part of these abbreviated accounts

Page 3
Way Inn (Berkhamsted) Limited (Registered number: 02501078)

Notes to the Abbreviated Accounts
for the Year Ended 30 June 2016

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 goods, excluding value added tax.

Intangible fixed assets - licence
The Post Office licence, which does not have a defined life span, is being amortised over forty years at a rate of
2.5% per annum.

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 - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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 70,630
AMORTISATION
At 1 July 2015 43,685
Amortisation for year 1,765
At 30 June 2016 45,450
NET BOOK VALUE

At 30 June 2016 25,180
At 30 June 2015 26,945

Page 4 continued...
Way Inn (Berkhamsted) Limited (Registered number: 02501078)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 June 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015
and 30 June 2016 41,204
DEPRECIATION
At 1 July 2015 40,487
Charge for year 143
At 30 June 2016 40,630
NET BOOK VALUE
At 30 June 2016 574
At 30 June 2015 717

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.16 30.6.15
value: £    £   
2 Ordinary £1 2 2

Page 5