Abbreviated Company Accounts - WATSON CARPENTRY SERVICES LTD

WATSON CARPENTRY SERVICES LTD - Company Information

07418059 WATSON CARPENTRY SERVICES LTD 2015-10-31 false 2014-11-01 2015-10-31 true 07418059 2014-11-01 2015-10-31 07418059 2015-10-31 07418059 2014-10-31 07418059 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 07418059 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 iso4217:GBP shares

Registered Number 07418059

WATSON CARPENTRY SERVICES LTD

Abbreviated Accounts

31 October 2015

WATSON CARPENTRY SERVICES LTD Registered Number 07418059

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	10,000	12,000
Tangible assets	3	17,462	12,391
		27,462	24,391
Current assets
Debtors		22,641	4,550
Cash at bank and in hand		277,381	208,475
		300,022	213,025
Creditors: amounts falling due within one year		(67,887)	(91,146)
Net current assets (liabilities)		232,135	121,879
Total assets less current liabilities		259,597	146,270
Total net assets (liabilities)		259,597	146,270
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		259,497	146,170
Shareholders' funds		259,597	146,270

For the year ending 31 October 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 July 2016

And signed on their behalf by:
A Watson, Director

WATSON CARPENTRY SERVICES LTD Registered Number 07418059

Notes to the Abbreviated Accounts for the period ended 31 October 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 net invoiced sales of goods and services, excluding value added tax. Where a service is incomplete at the year end, turnover represents the sales value of services provided based on an appropriate proportion of time spent. Any partially completed services that are un-billed at year end are recorded in accrued income within trade debtors.

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 its expected useful life, as follows:
Plant & Machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance
Motor Vehicles - 25% reducing balance

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

2Intangible fixed assets

	£
Cost
At 1 November 2014	20,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	20,000
Amortisation
At 1 November 2014	8,000
Charge for the year	2,000
On disposals	-
At 31 October 2015	10,000
Net book values
At 31 October 2015	10,000
At 31 October 2014	12,000

3Tangible fixed assets

	£
Cost
At 1 November 2014	24,662
Additions	10,867
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	35,529
Depreciation
At 1 November 2014	12,271
Charge for the year	5,796
On disposals	-
At 31 October 2015	18,067
Net book values
At 31 October 2015	17,462
At 31 October 2014	12,391

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100