Abbreviated Company Accounts - WYMONDHAM FREIGHT SERVICES LIMITED

WYMONDHAM FREIGHT SERVICES LIMITED - Company Information

Registered Number 03491390

WYMONDHAM FREIGHT SERVICES LIMITED

Abbreviated Accounts

31 January 2015

WYMONDHAM FREIGHT SERVICES LIMITED Registered Number 03491390

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	177,299	187,326
		177,299	187,326
Current assets
Debtors		184,245	203,155
Cash at bank and in hand		162,715	171,572
		346,960	374,727
Creditors: amounts falling due within one year		(205,779)	(235,890)
Net current assets (liabilities)		141,181	138,837
Total assets less current liabilities		318,480	326,163
Creditors: amounts falling due after more than one year		(2,067)	(8,267)
Provisions for liabilities		(6,600)	(7,777)
Total net assets (liabilities)		309,813	310,119
Capital and reserves
Called up share capital		100	100
Profit and loss account		309,713	310,019
Shareholders' funds		309,813	310,119

For the year ending 31 January 2015 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 14 May 2015

And signed on their behalf by:
L P Daws, Director

WYMONDHAM FREIGHT SERVICES LIMITED Registered Number 03491390

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - Straight line over 50 years
Plant and machinery - 25% Reducing balance method
Fixtures, fittings
and equipment - 15% Reducing balance method
Motor vehicles - 15% Reducing balance method

Other accounting policies
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Pensions
The pension costs charged in the financial statements represent the contribution payable by the
company during the year.

2Tangible fixed assets

	£
Cost
At 1 February 2014	251,465
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	251,465
Depreciation
At 1 February 2014	64,139
Charge for the year	10,027
On disposals	-
At 31 January 2015	74,166
Net book values
At 31 January 2015	177,299
At 31 January 2014	187,326