WHR Vending Limited - Period Ending 2014-03-31
WHR Vending Limited - Period Ending 2014-03-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
WHR Vending Limited
Contents
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WHR Vending Limited
(Registration number: 04706438)
Abbreviated Balance Sheet at 31 March 2014
Note |
2014
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2013
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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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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( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Provisions for liabilities |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' deficit |
( |
( |
Approved by the Board on
GC Robinson
Director
1
WHR Vending Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis.
Turnover
Goodwill
Goodwill is the difference between the fair value of consideration paid for an acquired entity and the aggregate of the fair value of that entity's identifiable assets and liabilities.
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows.
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Property improvement |
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Vending machines |
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Motor vehicles |
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Furniture and other equipment |
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Computer equipment |
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Stock
WHR Vending Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued
Deferred tax
Hire purchase and leasing
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2013 |
173,250 |
324,579 |
497,829 |
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At 31 March 2014 |
173,250 |
324,579 |
497,829 |
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Amortisation/depreciation |
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At 1 April 2013 |
173,250 |
292,438 |
465,688 |
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Charge for the year |
- |
9,852 |
9,852 |
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At 31 March 2014 |
173,250 |
302,290 |
475,540 |
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Net book value |
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At 31 March 2014 |
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At 31 March 2013 |
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Creditors |
Included in the creditors are the following amounts due after more than five years:
2014
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2013
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After more than five years by instalments |
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WHR Vending Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued
Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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Related party transactions |
The following balances owed to/(from) the directors were outstanding at the year end: |
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Maximum balance |
2014 |
2013 |
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£ |
£ |
£ |
Mr A J and Mr G C Robinson |
(16,150) |
(650) |
415 |
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(16,50) |
(650) |
415 |
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Going concern |
The directors consider that the company is a going concern and would expect it to return to profitability within the next 12 months now that a new source of income has been obtained.
The main liability of the company is a long-term bank loan, and the directors have provided a personal guarantee in respect of this.
Therefore the directors believe the company will be able to meet its liabilities as and when they fall due.