2015-11-01 true false Private Limited Company 03265451 2016-10-31 03265451 2015-11-01 2016-10-31 03265451 2015-10-31 03265451 2014-11-01 2015-10-31 03265451 uk-bus:Director1 2015-11-01 2016-10-31 03265451 uk-gaap:Buildings 2015-11-01 2016-10-31 03265451 uk-gaap:ComputerEquipment 2015-11-01 2016-10-31 03265451 uk-gaap:MotorVehicles 2015-11-01 2016-10-31 03265451 uk-gaap:FixturesFittings 2015-11-01 2016-10-31 03265451 uk-bus:OrdinaryShareClass1 2016-10-31 iso4217:GBP
Weldvale Limited
For the year ended 31 October 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03265451
2
Contents Page
Weldvale Limited
For the year ended 31 October 2016
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 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 October 2016 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
31 July 2017
Dated:
1 of 4
4
Abbreviated Balance Sheet
Weldvale Limited
As at 31 October 2016
03265451
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
158
6,148
158
6,148
Current assets
Stocks
36,500
33,900
33,900
36,500
Creditors: amounts falling due within one year
(52,783)
(52,919)
(16,283)
(19,019)
Net current liabilities
Total assets less current liabilities
(18,861)
(10,135)
(18,861)
Net liabilities
(10,135)
Capital and reserves
Called up share capital
2
3
2
Profit and loss account
(18,863)
(10,137)
(18,861)
(10,135)
Shareholders funds
For the year ended 31 October 2016 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: 31 July 2017
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 2016
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 January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
48,507
At 01 November 2015
(28,699)
Disposals
At 31 October 2016
19,808
Depreciation
42,359
At 01 November 2015
(22,820)
Disposals
111
Charge for year
19,650
At 31 October 2016
Net book values
At 31 October 2016
158
6,148
At 31 October 2015
3 Share capital
Allotted called up and fully paid
2016
2015
£
£
2 Ordinary shares of £1.00 each
2
2
2
2
4 of 4

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