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Company Registration No. 01251441 (England and Wales)
WELSERV CO LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 6 MARCH 2017
WELSERV CO LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
WELSERV CO LTD
ABBREVIATED BALANCE SHEET
AS AT
6 MARCH 2017
06 March 2017
- 1 -
2017
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
67,216
Current assets
Debtors
1,187
1,500
Cash at bank and in hand
194,958
-
196,145
1,500
Creditors: amounts falling due within one year
(5,212)
(1,322)
Net current assets
190,933
178
Total assets less current liabilities
190,933
67,394
Capital and reserves
Called up share capital
3
2,000
2,000
Profit and loss account
188,933
65,394
Shareholder's funds
190,933
67,394
For the financial Period ended 6 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;
-
The director acknowledges his 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 and authorised for issue on 9 March 2017
Mr P Beasley
Director
Company Registration No. 01251441
WELSERV CO LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 6 MARCH 2017
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention.

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.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
Nil
Plant and machinery
15% reducing balance
Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
20% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2015
143,396
Disposals
(143,396)
At 6 March 2017
-
Depreciation
At 1 December 2015
76,180
On disposals
(76,180)
At 6 March 2017
-
Net book value
At 6 March 2017
-
At 30 November 2015
67,216
WELSERV CO LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 6 MARCH 2017
- 3 -
3
Share capital
2017
2015
£
£
Allotted, called up and fully paid
2,000 Ordinary of £1 each
2,000
2,000
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