IJ Walker Limited - Abbreviated accounts

IJ Walker Limited - Abbreviated accounts


Registered number
04463089
IJ Walker Limited
Abbreviated Accounts
30 June 2016
IJ Walker Limited
Registered number: 04463089
Abbreviated Balance Sheet
as at 30 June 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 7,291 11,247
Current assets
Debtors 25,327 25,534
Cash at bank and in hand 19,725 8,667
45,052 34,201
Creditors: amounts falling due within one year (41,433) (39,250)
Net current assets/(liabilities) 3,619 (5,049)
Total assets less current liabilities 10,910 6,198
Creditors: amounts falling due after more than one year - (2,777)
Net assets 10,910 3,421
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 10,810 3,321
Shareholders' funds 10,910 3,421
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Ian Walker
Director
Approved by the board on 30 Nov 2016
IJ Walker Limited
Notes to the Abbreviated Accounts
for the year ended 30 June 2016
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% straight line
Motor vehicles 25% straight line
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Tangible fixed assets £
Cost
At 1 July 2015 36,313
Additions 2,224
At 30 June 2016 38,537
Depreciation
At 1 July 2015 25,066
Charge for the year 6,180
At 30 June 2016 31,246
Net book value
At 30 June 2016 7,291
At 30 June 2015 11,247
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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