Abbreviated Company Accounts - WILLIS CLINICS LTD
Abbreviated Company Accounts - WILLIS CLINICS LTD
Registered Number SC357712
WILLIS CLINICS LTD
Abbreviated Accounts
30 April 2014
WILLIS CLINICS LTD Registered Number SC357712
Abbreviated Balance Sheet as at 30 April 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
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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Net current assets (liabilities) |
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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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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 30 April 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
WILLIS CLINICS LTD Registered Number SC357712
Notes to the Abbreviated Accounts for the period ended 30 April 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Other accounting policies
Stock is valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items
Deferred Taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in company’s accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.
£ | |
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Cost | |
At 1 May 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 April 2014 |
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Depreciation | |
At 1 May 2013 |
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Charge for the year |
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On disposals |
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At 30 April 2014 |
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Net book values | |
At 30 April 2014 | 14,671 |
At 30 April 2013 | - |