D R Westerman Limited,Ltd - AccountsLtd - Accounts

D R Westerman Limited,Ltd - AccountsLtd - Accounts

D.R. WESTERMAN LIMITED - Company Information

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2016-04-01 08432208 2017-03-31 08432208 2016-04-01 2017-03-31 08432208 2016-03-31 08432208 2015-04-01 2016-03-31 08432208 uk-core:WithinOneYear 2016-03-31 08432208 uk-core:WithinOneYear 2017-03-31 08432208 uk-core:ShareCapital 2017-03-31 08432208 uk-core:ShareCapital 2016-03-31 08432208 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 08432208 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 08432208 uk-bus:Director1 2016-04-01 2017-03-31 08432208 uk-core:PlantMachinery 2016-04-01 2017-03-31 iso4217:GBP 08432208 uk-bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 08432208 uk-bus:FRS102 2016-04-01 2017-03-31 08432208 uk-bus:FullAccounts 2016-04-01 2017-03-31 08432208 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31
D R Westerman Limited
Registered Number:08432208
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2017
D R Westerman Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2017
D R Westerman Limited
Statement of Financial Position
Registered Number :
08432208
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
2,767
3,255
2
2,767
3,255
Current assets
Trade and other receivables
2,239
454
3
388
Cash and cash equivalents
221
675
2,627
Trade and other payables: amounts falling due within one
year
(10,333)
(14,683)
4
(7,706)
(14,008)
Net current liabilities
Total assets less current liabilities
(11,241)
(4,451)
(11,241)
Net liabilities
(4,451)
Capital and reserves
Called up share capital
100
100
Retained earnings
(11,341)
(4,551)
(11,241)
(4,451)
Shareholders' funds
For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr David Roy Westerman Director
These financial statements were approved and authorised for issue by the Board on 19 June 2017 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2017
D R Westerman Limited
Notes to the Financial Statements
Statutory Information
D R Westerman Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08432208.
Registered address:
Stanfield Ash Woodhead Road
Wortley
Sheffield
South Yorkshire
S35 7DS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 April 2016
5,300
At 31 March 2017
5,300
Provision for depreciation and impairment
At 01 April 2016
2,045
Charge for year
488
At 31 March 2017
2,533
At 31 March 2017
Net book value
2,767
At 31 March 2016
3,255
2 of 3
5
For the year ended 31 March 2017
D R Westerman Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2016
2017
£
£
Trade debtors
454
2,239
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
116
1,639
Other creditors
14,567
8,694
14,683
10,333
3 of 3