Weintrop Limited - Period Ending 2014-03-31

Registration number: 06177991

Weintrop Limited

Director's Report and Unaudited Financial Statements

for the Year Ended 31 March 2014
 

Broadhead Accountants Limited

Weintrop Limited
Contents

Company Information 1

Director's Report 2

Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 6 to 8

Weintrop Limited
Company Information

Director

Justin Weintrop

Registered office

Suite 402 Britannia House 1-11 Glenthorne Road London W6 0LH

Page 1

Weintrop Limited
Director's Report for the Year Ended 31 March 2014

The director presents his report and the unaudited financial statements for the year ended 31 March 2014.

Director of the company

The director who held office during the year was as follows:

Justin Weintrop

Principal activity

The principal activity of the company is providing civil engineering services.

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 29 January 2015 and signed on its behalf by:

.........................................
Justin Weintrop
Director

Page 2

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
 Weintrop Limitedfor the Year Ended 31 March 2014

In order to assist you to fulfil your directors' duties under the Companies Act 2006, we have prepared for your review and approval the financial statements of Weintrop Limited for the year ended 31 March 2014. These financial statements have been prepared from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to ethical and other professional requirements.

This report is made solely to the Board of Directors of Weintrop Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Weintrop Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Weintrop Limited and its Board of Directors as a body for our work or for this report.

The acceptance of the financial statements and the directors' report by the directors indicates acceptance of our accountants' report too. Use of these financial statements by external parties indicates acknowledgement of these conditions and limitations.

 
  ......................................
  Broadhead Accountants Limited Chartered Accountants Suite 402 Britannia House 1-11 Glenthorne Road Hammersmith London W6 0LH
 
 
 

29 January 2015

Page 3

Weintrop Limited
Profit and Loss Account for the Year Ended 31 March 2014

		Note			2014 £			2013 £
Turnover					80,472			66,654
Administrative expenses					(29,733)			(21,098)
Operating profit					50,739			45,556
Profit on ordinary activities before taxation					50,739			45,556
Tax on profit on ordinary activities		3			(10,148)			(9,111)
Profit for the financial year		8			40,591			36,445

The company has no recognised gains or losses for the year other than the results above.

The notes on pages 6 to 8 form an integral part of these financial statements.
Page 4

Weintrop Limited
(Registration number: 06177991)
Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Current assets
Debtors		4			43,143			26,686
Cash at bank and in hand					1,321			1,505
					44,464			28,191
Creditors: Amounts falling due within one year		5			(7,333)			(2,851)
Net assets					37,131			25,340
Capital and reserves
Called up share capital		6			100			100
Profit and loss account		8			37,031			25,240
Shareholders' funds					37,131			25,340

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

For the year ending 31 March 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.

Approved by the director on 29 January 2015

.........................................
Justin Weintrop
Director

The notes on pages 6 to 8 form an integral part of these financial statements.
Page 5

Weintrop Limited
Notes to the Financial Statements for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

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

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Director's remuneration

The director's remuneration for the year was as follows:

		2014 £			2013 £
Remuneration		13,196			2,936

3

Taxation

Tax on profit on ordinary activities

		2014 £			2013 £
Current tax
Corporation tax charge		10,148			9,111

Page 6

Weintrop Limited
Notes to the Financial Statements for the Year Ended 31 March 2014
......... continued

4

Debtors

		2014 £			2013 £
Trade debtors		8,787			5,248
Other debtors		34,356			21,438
		43,143			26,686

5	Creditors: Amounts falling due within one year

		2014 £			2013 £
Trade creditors		900			850
Corporation tax		3,517			-
Other taxes and social security		2,916			2,001
		7,333			2,851

6	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary share of £1 each		100			100			100			100

7

Dividends

		2014 £			2013 £
Dividends paid
Current year interim dividend paid		28,800			30,933

Page 7

Weintrop Limited
Notes to the Financial Statements for the Year Ended 31 March 2014
......... continued

8

Reserves

		Profit and loss account £			Total £
At 1 April 2013		25,240			25,240
Profit for the year		40,591			40,591
Dividends		(28,800)			(28,800)
At 31 March 2014		37,031			37,031

Page 8