WSB Coatings Limited Small abridged accounts
WSB Coatings Limited Small abridged accounts
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
COMPANY REGISTRATION NUMBER:
08393989
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FOR THE YEAR ENDED |
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ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 28 FEBRUARY 2017
Contents |
Page |
Officers and Professional Advisers |
1 |
Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements |
2 |
Abridged Statement of Financial Position |
3 |
Notes to the Abridged Financial Statements |
5 |
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OFFICERS AND PROFESSIONAL ADVISERS |
Director |
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Registered Office |
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Accountants |
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Accountants and Registered Auditors |
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Lifford Hall |
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Lifford Lane |
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Kings Norton |
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Birmingham |
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B30 3JN |
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REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
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YEAR ENDED 28 FEBRUARY 2017
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
2017 |
2016 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholder funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The member has not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
22 November 2017
, and are signed on behalf of the board by:
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Director |
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Company registration number:
08393989
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 28 FEBRUARY 2017
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2.
Statement of Compliance
3.
Accounting Policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 March 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
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Motor vehicles |
- |
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Office equipment |
- |
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Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
Financial instruments
4.
Employee Numbers
The average number of persons employed by the company during the year amounted to
8
(2016:
6
).
5.
Tangible Assets
£ |
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Cost |
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At 1 March 2016 |
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Additions |
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At 28 February 2017 |
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Depreciation |
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At 1 March 2016 |
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Charge for the year |
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At 28 February 2017 |
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Carrying amount |
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At 28 February 2017 |
83,375 |
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At 29 February 2016 |
27,733 |
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6.
Director's Advances, Credits and Guarantees
The company was under the control of
M J Woodhouse
throughout the current period by way of her directorship and shareholding.
7.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 March 2015.
No transitional adjustments were required in equity or profit or loss for the year.