E.P. Waite Finance Co. Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00793746 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

E.P. WAITE FINANCE CO. LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

154

181

CURRENT ASSETS

Debtors

2,510

22,947

Cash at bank and in hand

5,685

2,233

8,195

25,180

CREDITORS

Amounts falling due within one year

1,697

2,450

NET CURRENT ASSETS

6,498

22,730

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,652

22,911

CAPITAL AND RESERVES

Called up share capital

3

10,000

Profit and loss account

(3,348

)

12,911

SHAREHOLDERS' FUNDS

6,652

22,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 27 September 2016 and were signed by:

R P Waite - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of services, 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.

Fixtures and fittings

-

15% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

3,173

DEPRECIATION

At 1 April 2015

2,992

Charge for year

27

At 31 March 2016

3,019

NET BOOK VALUE

At 31 March 2016

154

At 31 March 2015

181

3.	CALLED UP SHARE CAPITAL

Allotted

and

issued:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

'A' ordinary shares

£1

9,000

1,000

9,000

'B' ordinary shares

£1

1,000

9,000

10,000

The 'B' Ordinary shares are non voting shares ranking for dividend but not entitling the holders to any share in

the assets of the company on winding up other than to the extent of the nominal value of the shares.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

2016

2015

£

R P Waite

Balance outstanding at start of year

2,330

240

Amounts advanced

4,678

7,640

Amounts repaid

(4,498

)

(5,550

)

Balance outstanding at end of year

2,510

2,330