A & N Wardle Ltd Small abbreviated accounts
A & N Wardle Ltd Small abbreviated accounts
COMPANY REGISTRATION NUMBER
05517628
ABBREVIATED BALANCE SHEET
2016 |
2015 |
||||
Note |
£ |
£ |
£ |
£ |
|
Fixed Assets |
2 |
||||
Intangible assets |
|
|
|||
Tangible assets |
|
|
|||
---------- |
--------- |
||||
|
|
||||
Current Assets
Debtors |
|
|
|||
Cash at bank and in hand |
|
|
|||
--------- |
--------- |
||||
47,091 |
97,928 |
||||
Creditors: Amounts Falling due Within One Year |
3 |
|
|
||
---------- |
---------- |
||||
Net Current Liabilities |
(
|
(
|
|||
---------- |
--------- |
||||
Total Assets Less Current Liabilities |
|
|
|||
Creditors: Amounts Falling due after More than One Year |
4 |
|
- |
||
--------- |
--------- |
||||
|
|
||||
--------- |
--------- |
||||
Capital and Reserves
Called up equity share capital |
5 |
|
|
||
Profit and loss account |
|
|
|||
--------- |
--------- |
||||
Shareholders' Funds |
|
|
|||
--------- |
--------- |
||||
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts were approved by the directors and authorised for issue on
31 October 2016
, and are signed on their behalf by:
Company Registration Number:
05517628
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 31st AUGUST 2016
1.
Accounting Policies
Basis of Accounting
Turnover
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixed Assets
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Hire Purchase Agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.
Operating Lease Agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
2.
Fixed Assets
Intangible Assets |
Tangible Assets |
Total |
|
£ |
£ |
£ |
|
Cost
At 1st September 2015 |
|
|
355,275 |
Additions |
– |
|
89,049 |
Disposals |
– |
(
|
(76,175) |
--------- |
---------- |
---------- |
|
At 31st August 2016 |
|
|
368,149 |
--------- |
---------- |
---------- |
|
Depreciation
At 1st September 2015 |
|
|
256,318 |
Charge for year |
– |
|
24,824 |
On disposals |
– |
(
|
(68,580) |
--------- |
---------- |
---------- |
|
At 31st August 2016 |
|
|
212,562 |
--------- |
---------- |
---------- |
|
Net Book Value
At 31st August 2016 |
|
|
|
---- |
---------- |
---------- |
|
At 31st August 2015 |
|
|
|
---- |
---------- |
---------- |
|
3.
Creditors:
Amounts Falling due Within One Year
The following liabilities disclosed under creditors falling due within one year are secured by the company:
2016 |
2015 |
||
£ |
£ |
||
Hire Purchase |
25,429 |
24,850 |
|
--------- |
--------- |
||
4.
Creditors:
Amounts Falling due after More than One Year
The following liabilities disclosed under creditors falling due after more than one year are secured by the company:
2016 |
2015 |
||
£ |
£ |
||
Hire Purchase |
21,141 |
- |
|
--------- |
---- |
||
5.
Share Capital
Allotted, called up and fully paid:
2016 |
2015 |
||||
No. |
£ |
No. |
£ |
||
|
|
|
|
|
|
---- |
---- |
---- |
---- |
||