| Walton Wagner Limited |
| Registered number: |
07441313 |
| Abbreviated Balance Sheet |
| as at 30 November 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
42,313 |
|
|
18,201 |
|
| Current assets |
| Debtors |
|
|
342,844 |
|
|
199,327 |
| Cash at bank and in hand |
|
|
354,624 |
|
|
317,985 |
|
|
|
697,468 |
|
|
517,312 |
|
| Creditors: amounts falling due within one year |
|
|
(209,355) |
|
|
(97,422) |
|
| Net current assets |
|
|
|
488,113 |
|
|
419,890 |
|
| Total assets less current liabilities |
|
|
|
530,426 |
|
|
438,091 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(75,000) |
|
|
(150,000) |
|
| Provisions for liabilities |
|
|
|
(8,462) |
|
|
(3,112) |
|
|
| Net assets |
|
|
|
446,964 |
|
|
284,979 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
125 |
|
|
125 |
| Share premium |
|
|
|
99,975 |
|
|
99,975 |
| Profit and loss account |
|
|
|
346,864 |
|
|
184,879 |
|
| Shareholders' funds |
|
|
|
446,964 |
|
|
284,979 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Ms J Perkins |
| Director |
| Approved by the board on 22 April 2015 |
|
| Walton Wagner Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 November 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on the proportion of the total expected consideration at completion. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Alterations to leasehold |
20% straight line |
|
Fixtures, fittings and equipment |
25% straight line |
|
|
Stocks |
|
Work in progress is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Leasing and hire purchase commitments |
|
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2013 |
38,416 |
|
Additions |
41,500 |
|
Disposals |
(18,281) |
|
At 30 November 2014 |
61,635 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2013 |
20,215 |
|
Charge for the year |
8,562 |
|
On disposals |
(9,455) |
|
At 30 November 2014 |
19,322 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2014 |
42,313 |
|
At 30 November 2013 |
18,201 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2014 |
|
2013 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
150,000 |
|
150,000 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
1p each |
|
10,000 |
|
100 |
|
100 |
|
B Ordinary shares |
1p each |
|
2,500 |
|
25 |
|
25 |
|
|
|
|
|
|
125 |
|
125 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mr N A Walton |
|
Directors loan account |
50 |
|
3,450 |
|
- |
|
3,500 |
|
|
Ms J Perkins |
|
Directors loan account |
1,266 |
|
- |
|
- |
|
1,266 |
|
|
|
1,316 |
|
3,450 |
|
- |
|
4,766 |
|
|
|
|
|
|
|
|
|
