A. Witt Builders Ltd - Limited company - abbreviated - 11.6

A. WITT BUILDERS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A D Witt

REGISTERED OFFICE:

Griffon House

Seagry Heath

Great Somerford

Wiltshire

SN15 5EN

REGISTERED NUMBER:

04853772 (England and Wales)

ACCOUNTANTS:

Bowen Accountants Ltd

Chartered Accountants

Griffon House

Seagry Heath

Great Somerford

Wiltshire

SN15 5EN

FIXED ASSETS

Tangible assets

2

5,396

7,169

CURRENT ASSETS

Stocks

380

350

Debtors

12,712

6,055

Cash at bank

26,338

39,018

39,430

45,423

CREDITORS

Amounts falling due within one year

16,576

18,983

NET CURRENT ASSETS

22,854

26,440

TOTAL ASSETS LESS CURRENT LIABILITIES

28,250

33,609

PROVISIONS FOR LIABILITIES

1,079

1,434

NET ASSETS

27,171

32,175

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

27,071

32,075

SHAREHOLDERS' FUNDS

27,171

32,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 27 November 2014 and were signed by:

A D Witt - 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 April 2008).

Turnover

Turnover represents sales of services net of VAT and trade discounts. Turnover is recognised when the services

are completed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Cost is determined on a first in first out basis. Net realisable value represents the estimated selling price less

costs to complete and sell.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contract are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

17,474

DEPRECIATION

At 1 April 2013

10,305

Charge for year

1,773

At 31 March 2014

12,078

NET BOOK VALUE

At 31 March 2014

5,396

At 31 March 2013

7,169

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary share capital

£1

100

100