WILSON_MACHINERY_INTERNAT - Accounts

WILSON MACHINERY INTERNATIONAL LIMITED - Company Information

Print Friendly Version

Company Registration No. 03088057 (England and Wales)

WILSON MACHINERY INTERNATIONAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

WILSON MACHINERY INTERNATIONAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

WILSON MACHINERY INTERNATIONAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

66,835

77,529

Current assets

Stocks

2,150

6,150

Debtors

1,889

Cash at bank and in hand

56,478

8,441

58,628

16,480

Creditors: amounts falling due within one year

(125,672)

(82,298)

Net current liabilities

(67,044)

(65,818)

Total assets less current liabilities

(209)

11,711

Creditors: amounts falling due after more than one year

(431)

(2,863)

Provisions for liabilities

(6,980)

(8,756)

(7,620)

Capital and reserves

Called up share capital

100

Profit and loss account

(7,720)

(8)

Shareholders' funds

(7,620)

WILSON MACHINERY INTERNATIONAL LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 AUGUST 2015

- 2 -

For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 May 2016

Mr Nigel Wilson

Director

Company Registration No. 03088057

WILSON MACHINERY INTERNATIONAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

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 its expected useful life, as follows:

Land and buildings Leasehold

25 years straight line basis

Plant and machinery

20% reducing balance basis

Fixtures

20% reducing balance basis

Motor vehicles

25% reducing balance basis

Fixed assets

Tangible assets

Cost

At 1 September 2014

137,146

Additions

600

At 31 August 2015

137,746

Depreciation

At 1 September 2014

59,617

Charge for the year

11,294

At 31 August 2015

70,911

Net book value

At 31 August 2015

66,835

At 31 August 2014

77,529

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £2,863 (2014 - £39,557).

WILSON MACHINERY INTERNATIONAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100