back to WILLS GARAGE LIMITED detail Wills Garage Limited - Abbreviated accounts
Registered number
00588096
Wills Garage Limited
Abbreviated Accounts
31 October 2016
Wills Garage Limited
Registered number: 00588096
Abbreviated Balance Sheet
as at 31 October 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 54,530 54,530
Current assets
Debtors 1,544 1,392
Cash at bank and in hand 655 866
2,199 2,258
Creditors: amounts falling due within one year (717) (715)
Net current assets 1,482 1,543
Net assets 56,012 56,073
Capital and reserves
Called up share capital 3 17,861 17,861
Profit and loss account 38,151 38,212
Shareholders' funds 56,012 56,073
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
E G Wills
Director
Approved by the board on 10 December 2016
Wills Garage Limited
Notes to the Abbreviated Accounts
for the year ended 31 October 2016
1 Accounting policies
Basis of preparation
The accounts 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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
No depreciation is deemed necessary on the tangible fixed assets.
2 Tangible fixed assets £
Cost
At 1 November 2015 55,845
At 31 October 2016 55,845
Depreciation
At 1 November 2015 1,315
At 31 October 2016 1,315
Net book value
At 31 October 2016 54,530
At 31 October 2015 54,530
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 17,861 17,861 17,861
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