Abbreviated Company Accounts - WENTWORTH ARTS, CRAFTS AND ANTIQUES LIMITED

WENTWORTH ARTS, CRAFTS AND ANTIQUES LIMITED - Company Information

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Registered Number 03748541

WENTWORTH ARTS, CRAFTS AND ANTIQUES LIMITED

Abbreviated Accounts

31 August 2015

WENTWORTH ARTS, CRAFTS AND ANTIQUES LIMITED Registered Number 03748541

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	165	217
		165	217
Current assets
Debtors		26,561	41,942
Cash at bank and in hand		5,246	6,947
		31,807	48,889
Creditors: amounts falling due within one year		(2,977)	(19,618)
Net current assets (liabilities)		28,830	29,271
Total assets less current liabilities		28,995	29,488
Total net assets (liabilities)		28,995	29,488
Capital and reserves
Called up share capital	3	20,000	20,000
Share premium account		20,000	20,000
Profit and loss account		(11,005)	(10,512)
Shareholders' funds		28,995	29,488

For the year ending 31 August 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 27 May 2016

And signed on their behalf by:
J Sweeting, Director

WENTWORTH ARTS, CRAFTS AND ANTIQUES LIMITED Registered Number 03748541

Notes to the Abbreviated Accounts for the period ended 31 August 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 amounts receivable for goods and services.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over is expected useful life as follows;

Land and buildings leasehold 2% straight line
fixtures, fittings & equipment 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Tangible fixed assets

	£
Cost
At 1 September 2014	31,307
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	31,307
Depreciation
At 1 September 2014	31,090
Charge for the year	52
On disposals	-
At 31 August 2015	31,142
Net book values
At 31 August 2015	165
At 31 August 2014	217

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
20,000 Ordinary shares of £1 each	20,000	20,000

4Transactions with directors

Name of director receiving advance or credit:	J Sweeting
Description of the transaction:	Loan
Balance at 1 September 2014:	£ 0
Advances or credits made:	£ 24,425
Advances or credits repaid:	-
Balance at 31 August 2015:	£ 24,425