Welch & Ellis (Tax) Limited - Abbreviated accounts

Registered number

07163847

Welch & Ellis (Tax) Limited

Abbreviated Accounts

31 May 2015

Welch & Ellis (Tax) Limited
Registered number:		07163847
Abbreviated Balance Sheet
as at 31 May 2015

Notes			2015			2014
£				£
Current assets
Debtors		49,156			18,460
Cash at bank and in hand		7,858			1,334
		57,014			19,794

Creditors: amounts falling due within one year		(55,800)			(18,723)

Net current assets			1,214			1,071

Net assets			1,214			1,071

Capital and reserves
Called up share capital	2		400			600
Profit and loss account			814			471

Shareholders' funds			1,214			1,071

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.



K R G Welch
Director
Approved by the board on 30 December 2015

Welch & Ellis (Tax) Limited
Notes to the Abbreviated Accounts
for the year ended 31 May 2015

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 January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	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.


2	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100
	B Ordinary shares	£.01 each		20,000		-		200
	C Ordinary shares	£1 each		200		200		200
	D Ordinary shares	£1 each		100		100		100
						400		600

Nominal			Number		Amount
value			£
	Shares redeemed during the period:
	Ordinary shares	£1 each
	B Ordinary shares	£.01 each		20,000		200