Worldwide Plant Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06623264 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2014

FOR

WORLDWIDE PLANT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr R W R Norris

REGISTERED OFFICE:

Enterprise House

56-58 Main Street

High Bentham

Lancaster

Lancashire

LA2 7HY

REGISTERED NUMBER:

06623264 (England and Wales)

ACCOUNTANTS:

Brosnans

Chartered Accountants

Enterprise House

56-58 Main Street

High Bentham

Lancaster

North Yorkshire

LA2 7HY

FIXED ASSETS

Tangible assets

2

59,331

33,706

CURRENT ASSETS

Stocks

176,800

157,900

Debtors

142,343

364,439

Cash at bank

111,875

102,006

431,018

624,345

CREDITORS

Amounts falling due within one year

194,665

360,288

NET CURRENT ASSETS

236,353

264,057

TOTAL ASSETS LESS CURRENT LIABILITIES

295,684

297,763

PROVISIONS FOR LIABILITIES

10,414

6,470

NET ASSETS

285,270

291,293

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

285,170

291,193

SHAREHOLDERS' FUNDS

285,270

291,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 January 2015 and were signed by:

Mr R W R Norris - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over the unexpired term of the lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

58,446

Additions

46,882

At 30 June 2014

105,328

DEPRECIATION

At 1 July 2013

24,740

Charge for year

21,257

At 30 June 2014

45,997

NET BOOK VALUE

At 30 June 2014

59,331

At 30 June 2013

33,706

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100