W B Yorkshire South Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08895018 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

W B YORKSHIRE SOUTH LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs HL Pennington

REGISTERED OFFICE:

Enterprise House

Enterprise Business Centre

Carlton Road

Worksop

Nottinghamshire

S81 7QF

REGISTERED NUMBER:

08895018 (England and Wales)

ACCOUNTANTS:

Howard Worth Chartered Accountants

Bank Chambers

3 Churchyardside

Nantwich

Cheshire

CW5 5DE

FIXED ASSETS

Intangible assets

2

119,900

131,850

Tangible assets

3

1,920

1,680

121,820

133,530

CURRENT ASSETS

Stocks

2,052

1,450

Debtors

9,990

6,831

Cash at bank and in hand

111,589

89,463

123,631

97,744

CREDITORS

Amounts falling due within one year

4

136,688

120,214

NET CURRENT LIABILITIES

(13,057

)

(22,470

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

108,763

111,060

CREDITORS

Amounts falling due after more than one
year

4

(76,000

)

(95,000

)

PROVISIONS FOR LIABILITIES

(384

)

(336

)

NET ASSETS

32,379

15,724

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

32,378

15,723

SHAREHOLDERS' FUNDS

32,379

15,724

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 17 October 2016 and were signed by:

Mrs HL Pennington - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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

-

33% on cost

Computer equipment

-

33% on cost

Stocks

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

obsolete and slow moving items.

Deferred tax

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

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

146,500

Additions

3,000

At 31 July 2016

149,500

AMORTISATION

At 1 August 2015

14,650

Amortisation for year

14,950

At 31 July 2016

29,600

NET BOOK VALUE

At 31 July 2016

119,900

At 31 July 2015

131,850

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

2,345

Additions

1,527

At 31 July 2016

3,872

DEPRECIATION

At 1 August 2015

665

Charge for year

1,287

At 31 July 2016

1,952

NET BOOK VALUE

At 31 July 2016

1,920

At 31 July 2015

1,680

4.

CREDITORS

Creditors include an amount of £ 95,000 (31/7/15 - £ 114,000 ) for which security has been given.

They also include the following debts falling due in more than five years:

31/7/16

31/7/15

£

Repayable by instalments

-

19,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/16

31/7/15

value:

£

100

Ordinary shares

1p

1