Countrywide (SW) Ltd - Period Ending 2016-11-30

 
 
 
 
 
 
 
  Countrywide (SW) Ltd
 
  Unaudited Abbreviated Accounts
  Year Ended 30 November 2016
 
  Company Registration Number: 04594401

Countrywide (SW) Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Countrywide (SW) Ltd
Abbreviated Balance Sheet
30 November 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			220,015			220,989
Current assets
Debtors					95,764			98,593
Investments					-			30,000
Cash at bank and in hand					41,594			34,691
					137,358			163,284
Creditors: Amounts falling due within one year					(96,585)			(97,873)
Net current assets					40,773			65,411
Total assets less current liabilities					260,788			286,400
Creditors: Amounts falling due after more than one year					(11,052)			(32,433)
Provisions for liabilities					(9,056)			(9,404)
Net assets					240,680			244,563
Capital and reserves
Called up share capital		3			102			102
Profit and loss account					240,578			244,461
Shareholders' funds					240,680			244,563

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Countrywide (SW) Ltd
Abbreviated Balance Sheet
30 November 2016 ......... continued

For the year ending 30 November 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 11 April 2017 and signed on its behalf by:

Mrs K Ford
Director

Mr G Ford
Director

Company Registration Number: 04594401

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Countrywide (SW) Ltd
Notes to the Abbreviated Accounts
Year Ended 30 November 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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold property	4% straight line
Plant and machinery	33% reducing balance
Motor vehicles	25% reducing balance
Office Equipment	33% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Countrywide (SW) Ltd
Notes to the Abbreviated Accounts
Year Ended 30 November 2016 ......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2015		563,917			563,917
Additions		22,954			22,954
Disposals		(12,995)			(12,995)
At 30 November 2016		573,876			573,876
Depreciation
At 1 December 2015		342,928			342,928
Charge for the year		22,194			22,194
Eliminated on disposals		(11,261)			(11,261)
At 30 November 2016		353,861			353,861
Net book value
At 30 November 2016		220,015			220,015
At 30 November 2015		220,989			220,989

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100
'A' Ordinary shares of £1 each		1			1			1			1
'B' Ordinary shares of £1 each		1			1			1			1
		102			102			102			102

Page 4