Wideformat Solutions Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07027179 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST OCTOBER 2016

FOR

WIDEFORMAT SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N R Cross

REGISTERED OFFICE:

Unit 2, Mount Road

Burntwood

Staffordshire

WS7 0AJ

REGISTERED NUMBER:

07027179 (England and Wales)

FIXED ASSETS

Tangible assets

2

16,058

19,288

CURRENT ASSETS

Stocks

21,647

25,878

Debtors

73,780

34,606

Cash at bank and in hand

25,476

53,920

120,903

114,404

CREDITORS

Amounts falling due within one year

103,651

97,614

NET CURRENT ASSETS

17,252

16,790

TOTAL ASSETS LESS CURRENT
LIABILITIES

33,310

36,078

PROVISIONS FOR LIABILITIES

2,975

3,569

NET ASSETS

30,335

32,509

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

30,332

32,506

SHAREHOLDERS' FUNDS

30,335

32,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30th March 2017 and were signed by:

N R Cross - 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 goods, excluding value added tax.

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

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2015

and 31st October 2016

34,914

DEPRECIATION

At 1st November 2015

15,626

Charge for year

3,230

At 31st October 2016

18,856

NET BOOK VALUE

At 31st October 2016

16,058

At 31st October 2015

19,288

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

3

Ordinary

£1

3