The Wharf House Company Limited

The Wharf House Company Limited

THE WHARF HOUSE COMPANY LIMITED - Company Information

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1 March 2016 false No description of principal activity Taxfiler 2017.40.Web 04627931business:PrivateLimitedCompanyLtd2016-03-012017-02-28 046279312016-02-29 046279312016-03-012017-02-28 04627931business:AuditExemptWithAccountantsReport2016-03-012017-02-28 04627931business:FullAccounts2016-03-012017-02-28 046279312017-02-28 04627931business:Director12016-03-012017-02-28 04627931business:CompanySecretary12016-03-012017-02-28 04627931business:RegisteredOffice2016-03-012017-02-28 046279312016-02-29 04627931core:WithinOneYear2017-02-28 04627931core:WithinOneYear2016-02-29 04627931core:AfterOneYear2017-02-28 04627931core:AfterOneYear2016-02-29 04627931core:ShareCapital2017-02-28 04627931core:ShareCapital2016-02-29 04627931core:RetainedEarningsAccumulatedLosses2017-02-28 04627931core:RetainedEarningsAccumulatedLosses2016-02-29 04627931business:SmallEntities2016-03-012017-02-28 04627931countries:EnglandWales2016-03-012017-02-28 04627931core:PlantMachinery2016-03-012017-02-28 04627931core:FurnitureFittings2016-03-012017-02-28 04627931core:ComputerEquipment2016-03-012017-02-28 04627931core:OtherPropertyPlantEquipment2016-03-012017-02-28 04627931core:LandBuildings2016-02-29 04627931core:PlantMachinery2016-02-29 04627931core:FurnitureFittings2016-02-29 04627931core:ComputerEquipment2016-02-29 04627931core:LandBuildings2016-03-012017-02-28 04627931core:LandBuildings2017-02-28 04627931core:PlantMachinery2017-02-28 04627931core:FurnitureFittings2017-02-28 04627931core:ComputerEquipment2017-02-28 046279312015-03-012016-02-29 iso4217:GBP xbrli:pure
Company Registration No. 04627931 (England and Wales)
The Wharf House Company Limited Unaudited accounts for the year ended 28 February 2017
The Wharf House Company Limited Unaudited accounts Contents
Page
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The Wharf House Company Limited Company Information for the year ended 28 February 2017
Director
David Penny
Secretary
Dr Caroline Buffery.
Company Number
04627931 (England and Wales)
Registered Office
THE WHARF HOUSE OVER GLOUCESTER GL2 8DB
Accountants
The Practice - Chartered Management Accountants 7 The Southend Ledbury Herefordshire HR8 2EY
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The Wharf House Company Limited Statement of financial position as at 28 February 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
351,447 
356,479 
Current assets
Inventories
5
23,117 
24,017 
Debtors
6
6,233 
10,572 
Cash at bank and in hand
12,786 
(7,713)
42,136 
26,876 
Creditors: amounts falling due within one year
7
(186,349)
(173,620)
Net current liabilities
(144,213)
(146,744)
Total assets less current liabilities
207,234 
209,735 
Creditors: amounts falling due after more than one year
8
(345,108)
(346,071)
Net liabilities
(137,874)
(136,336)
Capital and reserves
Called up share capital
100,002 
100,002 
Profit and loss account
(237,876)
(236,338)
Shareholders' funds
(137,874)
(136,336)
For the year ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 November 2017.
David Penny Director Company Registration No. 04627931
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The Wharf House Company Limited Notes to the Accounts for the year ended 28 February 2017
1
Statutory information
The Wharf House Company Limited is a private company, limited by shares, registered in England and Wales, registration number 04627931. The registered office and principal place of business is THE WHARF HOUSE, OVER, GLOUCESTER, GL2 8DB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 28 February 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Fixtures & fittings
15%
Computer equipment
33%
Other tangible fixed assets
Freehold Property 25%
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The Wharf House Company Limited Notes to the Accounts for the year ended 28 February 2017
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2016
421,807 
37,917 
18,243 
5,015 
482,982 
Additions
6,177 
315 
1,265 
- 
7,757 
At 28 February 2017
427,984 
38,232 
19,508 
5,015 
490,739 
Depreciation
At 1 March 2016
86,522 
26,477 
9,740 
3,764 
126,503 
Charge for the year
6,742 
3,344 
2,042 
661 
12,789 
At 28 February 2017
93,264 
29,821 
11,782 
4,425 
139,292 
Net book value
At 28 February 2017
334,720 
8,411 
7,726 
590 
351,447 
At 29 February 2016
335,285 
11,440 
8,503 
1,251 
356,479 
5
Inventories
2017 
2016 
£ 
£ 
Finished goods
23,117 
24,017 
23,117 
24,017 
6
Debtors
2017 
2016 
£ 
£ 
Accrued income and prepayments
- 
4,339 
Other debtors
6,233 
6,233 
6,233 
10,572 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Bank loans and overdrafts
48,249 
28,196 
Trade creditors
44,220 
49,378 
Taxes and social security
11,724 
8,281 
Other creditors
66,122 
66,446 
Loans from directors
16,034 
20,634 
Accruals
- 
685 
186,349 
173,620 
8
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Other creditors
345,108 
346,071 
9
Average number of employees
During the year the average number of employees was 21 (2016: 21).
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