REGISTERED NUMBER: |
Ian Whitehead Contract Furnishing |
Limited |
Abbreviated Unaudited Accounts |
For The Year Ended 31 March 2016 |
REGISTERED NUMBER: |
Ian Whitehead Contract Furnishing |
Limited |
Abbreviated Unaudited Accounts |
For The Year Ended 31 March 2016 |
Ian Whitehead Contract Furnishing |
Limited (Registered number: 02858285) |
Contents of the Abbreviated Accounts |
For The Year Ended 31 March 2016 |
Page |
Abbreviated Balance Sheet | 1 |
Notes to the Abbreviated Accounts | 3 |
Report of the Accountants | 5 |
Ian Whitehead Contract Furnishing |
Limited (Registered number: 02858285) |
Abbreviated Balance Sheet |
31 March 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 | 467,917 | 441,966 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
Ian Whitehead Contract Furnishing |
Limited (Registered number: 02858285) |
Abbreviated Balance Sheet - continued |
31 March 2016 |
The financial statements were approved by the Board of Directors on by: |
Ian Whitehead Contract Furnishing |
Limited (Registered number: 02858285) |
Notes to the Abbreviated Accounts |
For The Year Ended 31 March 2016 |
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 the net sales value of goods supplied and services rendered during the year, exclusive of |
value added tax. Turnover includes the value of contract work completed at the year end but not invoiced. |
Tangible fixed assets |
Alterations to tenanted property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. Cost includes direct materials, labour and production overheads. Net |
realisable value is based on estimated selling price less further costs to completion and selling costs. |
Long Term Contracts |
Turnover is recognised at the value of work performed. Profit is recognised appropriately for the stage of |
completion of each project. Any losses foreseen are provided in full immediately. |
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 |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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. |
Government grants |
Grants received in respect of capital expenditure are credited to the profit and loss account in equal annual |
instalments over the estimated useful lives of the assets concerned. |
Grants received in respect of revenue expenditure are credited to the profit and loss account in the same period |
as the related expenditure. |
Ian Whitehead Contract Furnishing |
Limited (Registered number: 02858285) |
Notes to the Abbreviated Accounts - continued |
For The Year Ended 31 March 2016 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
Additions |
Disposals | ( |
) |
At 31 March 2016 |
DEPRECIATION |
At 1 April 2015 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 March 2016 |
NET BOOK VALUE |
At 31 March 2016 |
At 31 March 2015 |
3. | CREDITORS |
Creditors include an amount of £ |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1 |
Ian Whitehead Contract Furnishing |
Limited |
Report of the Accountants to the Directors of |
Ian Whitehead Contract Furnishing |
Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages one to four) |
have been prepared. |
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2016 set out on pages three to ten and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Our report may not be relied upon by any person for any other purpose whatsoever. |
Roddis Taylor Robinson neither owes nor accepts any duty to any other party and shall not be liable for any loss, |
damage or expenses of whatsoever nature which is caused by their reliance on these accounts. |
Chartered Accountants |
29 December 2016 |