Wills Surveyors Ltd. - Abbreviated accounts 16.1

REGISTERED NUMBER: 04381468 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2015

FOR

WILLS SURVEYORS LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R J Wills

REGISTERED OFFICE:

Carlton House

101 New London Road

Chelmsford

Essex

CM2 0PP

REGISTERED NUMBER:

04381468 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Carlton House

101 New London Road

Chelmsford

Essex

CM2 0PP

FIXED ASSETS

Tangible assets

2

3,346

2,852

CURRENT ASSETS

Stocks

7,538

4,420

Debtors

59,979

50,207

Cash at bank

3,031

5,458

70,548

60,085

CREDITORS

Amounts falling due within one year

(49,872

)

(41,605

)

NET CURRENT ASSETS

20,676

18,480

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,022

21,332

PROVISIONS FOR LIABILITIES

(399

)

(240

)

NET ASSETS

23,623

21,092

CAPITAL AND RESERVES

Called up share capital

3

102

Profit and loss account

23,521

20,990

SHAREHOLDERS' FUNDS

23,623

21,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company
as at the end of each financial year and of its profit or loss for each financial year in accordance with
the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24th August 2016 and were signed by:

R J Wills - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2015

32,157

Additions

2,865

At 31st December 2015

35,022

DEPRECIATION

At 1st January 2015

29,305

Charge for year

2,371

At 31st December 2015

31,676

NET BOOK VALUE

At 31st December 2015

3,346

At 31st December 2014

2,852

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

ordinary

1

100

1

Ordinary A

1

Ordinary B

1

102