2014-11-01 true false Private Limited Company 03265451 2015-10-31 03265451 2014-11-01 2015-10-31 03265451 2014-10-31 03265451 2013-11-01 2014-10-31 03265451 uk-bus:Director1 2014-11-01 2015-10-31 03265451 uk-gaap:Buildings 2014-11-01 2015-10-31 03265451 uk-gaap:ComputerEquipment 2014-11-01 2015-10-31 03265451 uk-gaap:MotorVehicles 2014-11-01 2015-10-31 03265451 uk-gaap:FixturesFittings 2014-11-01 2015-10-31 03265451 uk-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP
Weldvale Limited
For the year ended 31 October 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03265451
2
Contents Page
Weldvale Limited
For the year ended 31 October 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Weldvale Limited
Accountants' Report
For the year ended 31 October 2015
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 October 2015 and you consider that the company is exempt from an audit under the Companies Act
2006.
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.
Metcalfes
1-3 St Mary's Place
Bury
Lancashire
BL9 0DZ
18 July 2016
Dated:
1 of 4
4
Abbreviated Balance Sheet
Weldvale Limited
As at 31 October 2015
03265451
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
6,148
9,029
6,148
9,029
Current assets
Stocks
27,000
36,500
Cash at bank and in hand
-
7,001
36,500
34,001
Creditors: amounts falling due within one year
(42,061)
(52,783)
(8,060)
(16,283)
Net current liabilities
Total assets less current liabilities
(10,135)
969
(10,135)
Net assets/liabilities
969
Capital and reserves
Called up share capital
2
3
2
Profit and loss account
(10,137)
967
(10,135)
969
Shareholders funds
For the year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 18 July 2016
T L Healey Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Weldvale Limited
For the year ended 31 October 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises monies receivable for goods sold, net of VAT.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
10% Per annum on cost
Computer Equipment
33% per annum on cost
Motor Vehicles
25% per annum on cost
Fixtures and Fittings
15% per annum on cost
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
Notes to the Abbreviated Financial Statements
Weldvale Limited
For the year ended 31 October 2015
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
52,488
At 01 November 2014
196
Additions
At 31 October 2015
52,684
Depreciation
43,459
At 01 November 2014
3,077
Charge for year
46,536
At 31 October 2015
Net book values
At 31 October 2015
6,148
9,029
At 31 October 2014
3 Share capital
Allotted called up and fully paid
2015
2014
£
£
2 Ordinary shares of £1.00 each
2
2
2
2
4 of 4

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