Wessex Spas Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05716117 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

WESSEX SPAS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R C Bendall

SECRETARY:

C Bendall

REGISTERED OFFICE:

50A Willis Way

Fleets Lane Industrial

Estate

Poole

Dorset

BH15 3SY

REGISTERED NUMBER:

05716117 (England and Wales)

ACCOUNTANTS:

ADDICUS

Chartered Accountants

1 Winchester Place

North Street

Poole

Dorset

BH15 1NX

FIXED ASSETS

Tangible assets

2

2,611

2,247

CURRENT ASSETS

Stocks

35,000

Debtors

6,225

Cash at bank

7,773

7,545

48,998

48,770

CREDITORS

Amounts falling due within one year

89,912

121,764

NET CURRENT LIABILITIES

(40,914

)

(72,994

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(38,303

)

(70,747

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(38,403

)

(70,847

)

SHAREHOLDERS' FUNDS

(38,303

)

(70,747

)

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 20 December 2016 and were signed by:

R C Bendall - 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).

The financial statements have been prepared under the historical cost convention and in accordance

with generally accepted accounting principles.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year,

exclusive of 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.

Plant and machinery

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Hire purchase and leasing commitments

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 at a constant rate of charge on the balance of capital

repayments outstanding.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

17,397

Additions

1,240

At 31 March 2016

18,637

DEPRECIATION

At 1 April 2015

15,150

Charge for year

876

At 31 March 2016

16,026

NET BOOK VALUE

At 31 March 2016

2,611

At 31 March 2015

2,247

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100