Abbreviated Company Accounts - ABBOTT WADE LTD

Registered Number 07415392

ABBOTT WADE LTD

Abbreviated Accounts

31 October 2016

ABBOTT WADE LTD Registered Number 07415392

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	9,970	12,070
Tangible assets	3	38,104	39,584
		48,074	51,654
Current assets
Stocks		7,000	7,000
Debtors		30,000	70,085
Cash at bank and in hand		169,617	166,941
		206,617	244,026
Net current assets (liabilities)		206,617	244,026
Total assets less current liabilities		254,691	295,680
Creditors: amounts falling due after more than one year		(144,254)	(146,739)
Total net assets (liabilities)		110,437	148,941
Capital and reserves
Called up share capital		2	2
Profit and loss account		110,435	148,939
Shareholders' funds		110,437	148,941

For the year ending 31 October 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 22 July 2017

And signed on their behalf by:
Craig Abbott, Director
Michael Wade, Director

ABBOTT WADE LTD Registered Number 07415392

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents sales net of vat

Tangible assets depreciation policy
Assets are depreciated at 25% per annum on a reducing balance

Intangible assets amortisation policy
Intangibles are written off over 10 years

Valuation information and policy
Stock is valued at the lower of cost or NRV

2Intangible fixed assets

	£
Cost
At 1 November 2015	21,200
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	21,200
Amortisation
At 1 November 2015	9,130
Charge for the year	2,100
On disposals	-
At 31 October 2016	11,230
Net book values
At 31 October 2016	9,970
At 31 October 2015	12,070

3Tangible fixed assets

	£
Cost
At 1 November 2015	69,072
Additions	11,221
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	80,293
Depreciation
At 1 November 2015	29,488
Charge for the year	12,701
On disposals	-
At 31 October 2016	42,189
Net book values
At 31 October 2016	38,104
At 31 October 2015	39,584