Wills Surveyors Ltd. - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04381468 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

WILLS SURVEYORS LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R J Wills

REGISTERED OFFICE:

20 St Andrews Gardens

Colchester

Essex

CO4 3EH

REGISTERED NUMBER:

04381468 (England and Wales)

ACCOUNTANTS:

CBHC (Chelmsford) Limited

Carlton House

101 New London Road

Chelmsford

Essex

CM2 0PP

FIXED ASSETS

Tangible assets

2

2,852

3,158

CURRENT ASSETS

Stocks

4,420

583

Debtors

50,207

51,604

Cash at bank

5,458

2,941

60,085

55,128

CREDITORS

Amounts falling due within one year

41,605

35,328

NET CURRENT ASSETS

18,480

19,800

TOTAL ASSETS LESS CURRENT LIABILITIES

21,332

22,958

CREDITORS

Amounts falling due after more than one year

-

(2,057

)

PROVISIONS FOR LIABILITIES

(240

)

-

NET ASSETS

21,092

20,901

CAPITAL AND RESERVES

Called up share capital

3

102

102

Profit and loss account

20,990

20,799

SHAREHOLDERS' FUNDS

21,092

20,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 September 2015 and were signed by:

R J Wills - Director

1.	ACCOUNTING POLICIES

Accounting convention

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

30,738

Additions

1,419

At 31 December 2014

32,157

DEPRECIATION

At 1 January 2014

27,580

Charge for year

1,725

At 31 December 2014

29,305

NET BOOK VALUE

At 31 December 2014

2,852

At 31 December 2013

3,158

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

ordinary

1

100

100

1

Ordinary A

1

1

1

1

Ordinary B

1

1

1

102

102