Wensley & Lawz Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06419865

Abbreviated Unaudited Accounts for the Year Ended 30 November 2016

for

Wensley & Lawz Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R J Wensley

Mrs S J Wensley

SECRETARY:

Mrs S J Wensley

REGISTERED OFFICE:

National Westminster Building

116-118 Walsgrave Road

Coventry

West Midlands

CV2 4ED

REGISTERED NUMBER:

06419865

ACCOUNTANTS:

Willow Edge Accountancy & Taxation Limited

Willow Edge

Daventry Road

Barby

Rugby

Warwickshire

CV23 8TG

FIXED ASSETS

Intangible assets

2

9,500

19,000

Tangible assets

3

22,671

35,557

32,171

54,557

CURRENT ASSETS

Debtors

327,333

234,113

Cash at bank and in hand

153,039

120,374

480,372

354,487

CREDITORS

Amounts falling due within one year

85,766

61,745

NET CURRENT ASSETS

394,606

292,742

TOTAL ASSETS LESS CURRENT LIABILITIES

426,777

347,299

PROVISIONS FOR LIABILITIES

22,375

2,195

NET ASSETS

404,402

345,104

CAPITAL AND RESERVES

Called up share capital

4

10

11

Capital redemption reserve

1

-

Profit and loss account

404,391

345,093

SHAREHOLDERS' FUNDS

404,402

345,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30 August 2017 and were signed on its behalf by:

R J Wensley - 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, except in respect of service contracts where

turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business technology in 2007, is being amortised

evenly over its estimated 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

95,000

AMORTISATION

At 1 December 2015

76,000

Amortisation for year

9,500

At 30 November 2016

85,500

NET BOOK VALUE

At 30 November 2016

9,500

At 30 November 2015

19,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

75,138

Additions

1,696

Disposals

(6,240

)

At 30 November 2016

70,594

DEPRECIATION

At 1 December 2015

39,581

Charge for year

12,845

Eliminated on disposal

(4,503

)

At 30 November 2016

47,923

NET BOOK VALUE

At 30 November 2016

22,671

At 30 November 2015

35,557

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

5

Ordinary A

£1

5

4

Ordinary B

£1

4

1

Ordinary C

£1

1

NIL

Ordinary D

£1

-

1

10

11

During the year the company purchased at par value one D share which was immediately cancelled.