Company Registration No. 00861232 (England and Wales)
DOBIE WYATT LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
DOBIE WYATT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
DOBIE WYATT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
49,589
50,696
Current assets
Stocks
46,458
42,411
Debtors
92,659
110,347
Cash at bank and in hand
143,270
168,665
282,387
321,423
Creditors: amounts falling due within one year
(135,497)
(180,676)
Net current assets
146,890
140,747
Total assets less current liabilities
196,479
191,443
Provisions for liabilities
(7,385)
(7,460)
189,094
183,983
Capital and reserves
Called up share capital
3
878
878
Share premium account
55
55
Other reserves
100
100
Profit and loss account
188,061
182,950
Shareholders' funds
189,094
183,983
DOBIE WYATT LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2016
30 September 2016
- 2 -
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 March 2017
Mrs S D Dobie
Mrs L J Thatcher
Director
Director
Company Registration No. 00861232
DOBIE WYATT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts during the year. Turnover therefore represents amounts invoiced during the year excluding value added tax. In respect of contracts for ongoing services, turnover represents the value of work undertaken including estimates of amounts not invoiced, by reference to the stage of completion.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Leasehold land and buildings
5% straight line
Plant and machinery
15% reducing balance
Fixtures, fittings and computer equipment
15% reducing balance and 25% straight line
Motor vehicles
25% reducing balance
1.5
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
1.6
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.8
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
DOBIE WYATT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015
99,006
Additions
11,741
Disposals
(9,453)
At 30 September 2016
101,294
Depreciation
At 1 October 2015
48,310
On disposals
(5,847)
Charge for the year
9,242
At 30 September 2016
51,705
Net book value
At 30 September 2016
49,589
At 30 September 2015
50,696
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
260 A Ordinary shares of £1 each
260
260
260 B Ordinary shares of £1 each
260
260
161 C Ordinary shares of £1 each
161
161
161 D Ordinary shares of £1 each
161
161
15 E Ordinary shares of £1 each
15
15
15 F Ordinary shares of £1 each
15
15
5 G Ordinary shares of £1 each
5
5
1 H Ordinary share of £1 each
1
1
878
878