P D WHEATLAND LIMITED

P D WHEATLAND LIMITED

P D WHEATLAND LIMITED - Company Information

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P D WHEATLAND LIMITED

Company Registration Number:
04639577 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2018

Period of accounts

Start date: 01 May 2017

End date: 30 April 2018

P D WHEATLAND LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2018

Balance sheet
Notes

P D WHEATLAND LIMITED

Balance sheet

As at 30 April 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 3 5,000 6,000
Tangible assets: 4 45 53
Total fixed assets: 5,045 6,053
Current assets
Debtors:   990 935
Cash at bank and in hand: 2,384 894
Total current assets: 3,374 1,829
Creditors: amounts falling due within one year:   (13,250) (12,188)
Net current assets (liabilities): (9,876) (10,359)
Total assets less current liabilities: (4,831) (4,306)
Creditors: amounts falling due after more than one year:   (916) (1,916)
Provision for liabilities: (9)
Total net assets (liabilities): (5,756) (6,222)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (5,856) (6,322)
Shareholders funds: (5,756) (6,222)

The notes form part of these financial statements

P D WHEATLAND LIMITED

Balance sheet statements

For the year ending 30 April 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 January 2019
and signed on behalf of the board by:

Name: Mr P D Wheatland
Status: Director

The notes form part of these financial statements

P D WHEATLAND LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods are passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write of the cost or valuation of assets less their residual values over their useful lives on the following bases:Fixtures, fittings & equipment 15% reducing balance

Intangible fixed assets and amortisation policy

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life. The estimated useful life of the goodwill is 20 years.

P D WHEATLAND LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

2. Employees

2018 2017
Average number of employees during the period 1 1

P D WHEATLAND LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

3. Intangible Assets

Total
Cost £
At 01 May 2017 20,000
At 30 April 2018 20,000
Amortisation
At 01 May 2017 14,000
Charge for year 1,000
At 30 April 2018 15,000
Net book value
At 30 April 2018 5,000
At 30 April 2017 6,000

P D WHEATLAND LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

4. Tangible Assets

Total
Cost £
At 01 May 2017 540
At 30 April 2018 540
Depreciation
At 01 May 2017 487
Charge for year 8
At 30 April 2018 495
Net book value
At 30 April 2018 45
At 30 April 2017 53