WELTON_LIMITED - Accounts

WELTON LIMITED - Company Information

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Company Registration No. 4946862 (England and Wales)

WELTON LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2014

WELTON LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

WELTON LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

80,334

Tangible assets

7,598

7,980

87,932

88,314

Current assets

Stocks

25,591

25,132

Debtors

33,065

38,411

Cash at bank and in hand

298

58,656

63,841

Creditors: amounts falling due within one year

(89,490)

(76,248)

Net current liabilities

(30,834)

(12,407)

Total assets less current liabilities

57,098

75,907

Provisions for liabilities

(1,095)

(1,078)

56,003

74,829

Capital and reserves

Called up share capital

100

Profit and loss account

55,903

74,729

Shareholders' funds

56,003

74,829

WELTON LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2014

- 2 -

For the financial year ended 30 April 2014 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 financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 January 2015

Mr T Peachman

Mrs L Peachman

Director

Company Registration No. 4946862

WELTON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is not being written off.

1.5

Franchise Licence

Licences are valued at cost.

1.6

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 May 2013

80,334

29,771

110,105

Additions

2,149

At 30 April 2014

80,334

31,920

112,254

Depreciation

At 1 May 2013

21,790

Charge for the year

2,532

At 30 April 2014

24,322

Net book value

At 30 April 2014

80,334

7,598

87,932

At 30 April 2013

80,334

7,980

88,314

WELTON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Related party relationships and transactions

The following directors had interest free loans during the year. The movement on these loans are as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr T Peachman -

1,852

6,000

6,004

1,848

1,852

6,000

6,004

1,848