Company Registration No. 03542258 (England and Wales)
Wheatsheaf Restorations Limited
Unaudited accounts
for the year ended 30 April 2017
Wheatsheaf Restorations Limited
Unaudited accounts
Contents
Wheatsheaf Restorations Limited
Company Information
for the year ended 30 April 2017
Company Number
03542258 (England and Wales)
Registered Office
47B Grove Street
Wantage
Oxfordshire
OX12 7AG
Wheatsheaf Restorations Limited
Statement of financial position
as at 30 April 2017
Tangible assets
538,768
537,113
Creditors: amounts falling due within one year
(398,107)
(403,754)
Net current liabilities
(398,107)
(403,754)
Total assets less current liabilities
140,661
133,359
Creditors: amounts falling due after more than one year
(60,478)
(60,478)
Called up share capital
150
150
Profit and loss account
80,033
72,731
Shareholders' funds
80,183
72,881
For the year ending 30 April 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 15 January 2018.
Mr T A Randall
Director
Company Registration No. 03542258
Wheatsheaf Restorations Limited
Notes to the Accounts
for the year ended 30 April 2017
Wheatsheaf Restorations Limited is a private company, limited by shares, registered in England and Wales, registration number 03542258. The registered office is 47B Grove Street, Wantage, Oxfordshire, OX12 7AG.
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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.
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
AT 10% of rents received
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Tangible fixed assets
Land & buildings
Wheatsheaf Restorations Limited
Notes to the Accounts
for the year ended 30 April 2017
5
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
1,820
1,865
Loans from directors
396,287
401,889
6
Creditors: amounts falling due after more than one year
2017
2016
Other creditors
60,478
60,478
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150
150
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Average number of employees
During the year the average number of employees was 0 (2016: 0).
