Weymouth Associates Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04563789 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Weymouth Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R D Coppinger

Mrs A M Coppinger

REGISTERED OFFICE:

F7A Lynch Lane Offices

Lynch Lane

Weymouth

Dorset

DT4 9DN

REGISTERED NUMBER:

04563789 (England and Wales)

ACCOUNTANTS:

RWB Tax Consultants Limited

F7A Lynch Lane Offices

Lynch Lane

Weymouth

Dorset

DT4 9DN

FIXED ASSETS

Tangible assets

3

4,609

5,423

CURRENT ASSETS

Stocks

4

41,449

34,672

Debtors

5

-

276

41,449

34,948

CREDITORS

Amounts falling due within one year

6

182,228

187,221

NET CURRENT LIABILITIES

(140,779

)

(152,273

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(136,170

)

(146,850

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(136,172

)

(146,852

)

SHAREHOLDERS' FUNDS

(136,170

)

(146,850

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

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 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 Sections 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 December 2017 and were signed on its behalf by:

R D Coppinger - Director

Mrs A M Coppinger - Director

1.	STATUTORY INFORMATION

Weymouth Associates Limited is a private company, limited by shares ,

registered in England and Wales. The company's registered number and

registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

At the year end the company has net current liabilities of £152,273 (2015

- £165,197) and net liabilities of £146,850 (2015 - £159,267). The

directors have reviewed the position of the company and have indicated that

they will continue to support the company.

The accounts have therefore been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or

receivable, excluding discounts, rebates, value added tax and other sales

taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after

making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised

in the Income Statement, except to the extent that it relates to items

recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates

and laws that have been enacted or substantively enacted by the balance

sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax

assessments in periods different from those in which they are recognised in

financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to

the extent that it is probable that they will be recovered against the

reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a

straight line basis over the period of the lease.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2016

and 31 March 2017

23,633

DEPRECIATION

At 1 April 2016

18,210

Charge for year

814

At 31 March 2017

19,024

NET BOOK VALUE

At 31 March 2017

4,609

At 31 March 2016

5,423

4.

STOCKS

31.3.17

31.3.16

£

£

Stocks

41,449

34,446

Work-in-progress

-

226

41,449

34,672

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

-

276

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

4,647

6,077

Trade creditors

-

1,665

Directors' current accounts

177,101

179,035

Accrued expenses

480

444

182,228

187,221

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R & A Coppinger.