Abbreviated Company Accounts - WELCOME TRADERS (UK) LIMITED

WELCOME TRADERS (UK) LIMITED - Company Information

07830704 WELCOME TRADERS (UK) LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 07830704 2013-04-01 2014-03-31 07830704 2014-03-31 07830704 2013-03-31 07830704 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 07830704 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 07830704

WELCOME TRADERS (UK) LIMITED

Abbreviated Accounts

31 March 2014

WELCOME TRADERS (UK) LIMITED Registered Number 07830704

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	7,365	7,774
Tangible assets	3	1,972	2,122
		9,337	9,896
Current assets
Stocks		20,575	39,953
Debtors		11,985	6,533
Cash at bank and in hand		1,453	3,269
		34,013	49,755
Creditors: amounts falling due within one year		(40,199)	(18,342)
Net current assets (liabilities)		(6,186)	31,413
Total assets less current liabilities		3,151	41,309
Creditors: amounts falling due after more than one year		-	(40,761)
Provisions for liabilities		(424)	(424)
Total net assets (liabilities)		2,727	124
Capital and reserves
Called up share capital	4	50	50
Profit and loss account		2,677	74
Shareholders' funds		2,727	124

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

Approved by the Board on 31 January 2015

And signed on their behalf by:
Mr. Subbah Sadiq, Director

WELCOME TRADERS (UK) LIMITED Registered Number 07830704

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery @ 20% straight line

2Intangible fixed assets

	£
Cost
At 1 April 2013	8,183
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	8,183
Amortisation
At 1 April 2013	409
Charge for the year	409
On disposals	-
At 31 March 2014	818
Net book values
At 31 March 2014	7,365
At 31 March 2013	7,774

3Tangible fixed assets

	£
Cost
At 1 April 2013	2,653
Additions	343
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	2,996
Depreciation
At 1 April 2013	531
Charge for the year	493
On disposals	-
At 31 March 2014	1,024
Net book values
At 31 March 2014	1,972
At 31 March 2013	2,122

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
50 Ordinary shares of £1 each	50	50