West Yorkshire Gas Solutions Limited - Period Ending 2016-01-31

Registration number: 08847327

West Yorkshire Gas Solutions Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

Fox Jennings Cullen
Accountants & Business Advisers
Tarn House
77 High Street
Yeadon
Leeds
West Yorkshire
LS19 7SP

West Yorkshire Gas Solutions Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

West Yorkshire Gas Solutions Limited
(Registration number: 08847327)
Abbreviated Balance Sheet at 31 January 2016

		Note			31 January 2016 £			31 January 2015 £
Fixed assets
Tangible fixed assets					6,672			5,034
Current assets
Stocks					69,961			-
Debtors					249,954			9,685
Cash at bank and in hand					91,927			19,163
					411,842			28,848
Creditors: Amounts falling due within one year					(241,961)			(24,010)
Net current assets					169,881			4,838
Total assets less current liabilities					176,553			9,872
Creditors: Amounts falling due after more than one year					(1,108)			(4,444)
Provisions for liabilities					(722)			(260)
Net assets					174,723			5,168
Capital and reserves
Called up share capital		3			10			10
Profit and loss account					174,713			5,158
Shareholders' funds					174,723			5,168

For the year ending 31 January 2016 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 14 September 2016 and signed on its behalf by:

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

West Yorkshire Gas Solutions Limited
(Registration number: 08847327)
Abbreviated Balance Sheet at 31 January 2016
......... continued

.........................................
G Allen
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

West Yorkshire Gas Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	33.33% on cost
Motor vehicles	25% reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

West Yorkshire Gas Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2015		6,987			6,987
Additions		3,761			3,761
At 31 January 2016		10,748			10,748
Depreciation
At 1 February 2015		1,953			1,953
Charge for the year		2,123			2,123
At 31 January 2016		4,076			4,076
Net book value
At 31 January 2016		6,672			6,672
At 31 January 2015		5,034			5,034

3	Share capital

Allotted, called up and fully paid shares

	31 January 2016						31 January 2015
		No.			£			No.			£
Ordinary shares of £1 each		10			10			10			10

Page 4