Werndale Properties Limited,Ltd - AccountsLtd - Accounts

Werndale Properties Limited,Ltd - AccountsLtd - Accounts

WERNDALE PROPERTIES LIMITED - Company Information

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2016-04-01 01596315 2017-03-31 01596315 2016-04-01 2017-03-31 01596315 2016-03-31 01596315 2015-04-01 2016-03-31 01596315 uk-core:WithinOneYear 2016-03-31 01596315 uk-core:WithinOneYear 2017-03-31 01596315 uk-core:AfterOneYear 2016-03-31 01596315 uk-core:AfterOneYear 2017-03-31 01596315 uk-core:ShareCapital 2017-03-31 01596315 uk-core:ShareCapital 2016-03-31 01596315 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 01596315 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 01596315 uk-bus:Director1 2016-04-01 2017-03-31 01596315 uk-core:PlantMachinery 2016-04-01 2017-03-31 01596315 uk-core:CommercialMotorVehicles 2016-04-01 2017-03-31 01596315 uk-core:CommercialMotorVehicles 2016-03-31 01596315 uk-core:PlantMachinery 2016-03-31 01596315 uk-core:PlantMachinery 2017-03-31 01596315 uk-core:CommercialMotorVehicles 2017-03-31 iso4217:GBP 01596315 uk-bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 01596315 uk-bus:FRS102 2016-04-01 2017-03-31 01596315 uk-bus:FullAccounts 2016-04-01 2017-03-31 01596315 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31
Werndale Properties Limited
Registered Number:01596315
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2017
Werndale Properties Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 March 2017
Werndale Properties Limited
Statement of Financial Position
Registered Number :
01596315
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
300,520
284,192
2
300,520
284,192
Current assets
Trade and other receivables
157,046
172,141
3
114,368
Cash and cash equivalents
206,990
379,131
271,414
Trade and other payables: amounts falling due within one
year
(76,704)
(113,412)
4
194,710
265,719
Net current assets
Total assets less current liabilities
566,239
478,902
Trade and other payables: amounts falling due after more
than one year
-
(4,976)
5
(50,823)
(45,520)
Provisions for liabilities
510,440
Net assets
433,382
Capital and reserves
Called up share capital
23,700
23,700
Retained earnings
486,740
409,682
510,440
433,382
Shareholders' funds
For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
K S Newport Director
These financial statements were approved and authorised for issue by the Board on 18 May 2017 and were signed by:
1 of 4
4
For the year ended 31 March 2017
Werndale Properties Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 31 March 2017
Werndale Properties Limited
Notes to the Financial Statements
Statutory Information
Werndale Properties Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 01596315.
Principal place of business:
Unit 4
Alexandra Industrial Estate
Widness
WA8 7AE
Registered address:
19 Chorley Old Road
Bolton
Lancashire
BL1 3AD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
3 of 4
6
For the year ended 31 March 2017
Werndale Properties Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 April 2016
533,047
77,186
455,861
89,117
33,870
55,247
Additions
-
(76,360)
Disposals
(76,360)
At 31 March 2017
434,748
111,056
545,804
Provision for depreciation and impairment
At 01 April 2016
248,855
55,608
193,247
Charge for year
51,438
10,908
40,530
(55,009)
-
(55,009)
On disposal
At 31 March 2017
245,284
66,516
178,768
At 31 March 2017
Net book value
255,980
44,540
300,520
At 31 March 2016
262,614
21,578
284,192
3. Trade and other receivables
2016
2017
£
£
Trade debtors
172,090
157,006
Other debtors
51
40
157,046
172,141
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
31,369
20,960
Taxation and social security
63,953
43,458
Other creditors
18,090
12,286
113,412
76,704
5. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
4,976
-
4 of 4