Abbreviated Company Accounts - WEST POINT TRACKS LTD

Abbreviated Company Accounts - WEST POINT TRACKS LTD

WEST POINT TRACKS LTD - Company Information

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Registered Number 07054208

WEST POINT TRACKS LTD

Abbreviated Accounts

31 October 2016

WEST POINT TRACKS LTD Registered Number 07054208

Abbreviated Balance Sheet as at 31 October 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 11,353 17,771
11,353 17,771
Current assets
Debtors 7,153 6,428
Cash at bank and in hand 9,395 7,213
16,548 13,641
Creditors: amounts falling due within one year (88,687) (97,633)
Net current assets (liabilities) (72,139) (83,992)
Total assets less current liabilities (60,786) (66,221)
Total net assets (liabilities) (60,786) (66,221)
Capital and reserves
Called up share capital 1 1
Profit and loss account (60,787) (66,222)
Shareholders' funds (60,786) (66,221)
  • 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 28 July 2017

And signed on their behalf by:
Nabeel Shazad, Director

WEST POINT TRACKS LTD Registered Number 07054208

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

1Accounting Policies

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor vehicles - 25% Reducing balance
Computer Equipment - 20% Reducing balance

2Tangible fixed assets
£
Cost
At 1 November 2015 59,589
Additions -
Disposals (3,600)
Revaluations -
Transfers -
At 31 October 2016 55,989
Depreciation
At 1 November 2015 41,818
Charge for the year 3,718
On disposals (900)
At 31 October 2016 44,636
Net book values
At 31 October 2016 11,353
At 31 October 2015 17,771