David R Webb Ltd - Period Ending 2017-03-31

Registration number: 08053337

David R Webb Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2017

David R Webb Ltd

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 3

David R Webb Ltd

(Registration number: 08053337)
Balance Sheet as at 31 March 2017

	Note	2017 £	2016 £
Fixed assets
Investments	3	-	101,899
Current assets
Debtors	4	103,766	-
Cash at bank and in hand		100	100
		103,866	100
Creditors: Amounts falling due within one year	5	(60,590)	(50,613)
Net current assets/(liabilities)		43,276	(50,513)
Net assets		43,276	51,386
Capital and reserves
Called up share capital		100	100
Profit and loss account		43,176	51,286
Total equity		43,276	51,386

For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 22 December 2017 and signed on its behalf by:
 

Mr David Rodney Webb Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

David R Webb Ltd

Notes to the Financial Statements for the Year Ended 31 March 2017

1	General information

The company is a private company limited by share capital incorporated in England & Wales.

The address of its registered office is:
Stoneleigh
Cotterstock Road
Oundle
Peterborough
PE8 5HA

These financial statements were authorised for issue by the Board on 22 December 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investments

Investments which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.Interest income on debt securities, where applicable, is recognised in income using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Investments

	2017 £	2016 £
Loan (reclassified to debtors)	-	101,899

4

Debtors

	2017 £	2016 £
Other debtors	103,766	-
Total current trade and other debtors	103,766	-

Page 2

David R Webb Ltd

Notes to the Financial Statements for the Year Ended 31 March 2017

5

Creditors

	Note	2017 £	2016 £
Due within one year
Amounts owed to directors		60,114	50,101
Other creditors		476	512
		60,590	50,613

Page 3