Registered Number 05403677
WAVENEY CARAVAN AND GAS SERVICES LIMITED
Abbreviated Accounts
31 March 2016
Notes | 2016 | 2015 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year | 3 |
( |
( |
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year | 3 |
( |
|
Provisions for liabilities |
( |
( |
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery - 15% reducing balance
Fixtures, fittings
and equipment - 25% reducing balance
Motor vehicles - 20% reducing balance
Other accounting policies
Stock and work in progress are valued at the lower of cost and net realisable value.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.
Prior year adjustments
Management have identified an omission from the 2015 accounts. The company had a bank loan with a liability of £2,744 as at 31st March 2015. The loan was fully repaid during the 2016 accounts
£ | |
---|---|
Cost | |
At 1 April 2015 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 31 March 2016 |
|
Depreciation | |
At 1 April 2015 |
|
Charge for the year |
|
On disposals |
( |
At 31 March 2016 |
|
Net book values | |
At 31 March 2016 | 18,902 |
At 31 March 2015 | 9,410 |
Motor Vehicles, Net book value = £13,995
2016
£ |
2015
£ |
|
---|---|---|
Secured Debts |
|
|
5 Transactions with directors
Name of director receiving advance or credit: |
|
|
---|---|---|
Description of the transaction: |
|
|
Balance at 1 April 2015: | £ |
|
Advances or credits made: |
|
|
Advances or credits repaid: | £ |
|
Balance at 31 March 2016: | £ |