Wallace Crooke (Walsall) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08017342 (England and Wales)

WALLACE CROOKE (WALSALL) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE PERIOD 1 MAY 2013 TO 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr R A Smallwood

REGISTERED OFFICE:

Wallace House

20 Birmingham Road

Walsall

West Midlands

WS1 2LT

REGISTERED NUMBER:

08017342 (England and Wales)

ACCOUNTANTS:

Wallace Crooke Walsall Limited

Chartered Accountants

Wallace House

20 Birmingham Road

Walsall

West Midlands

WS1 2LT

FIXED ASSETS

Intangible assets

2

396,000

-

Tangible assets

3

478

-

396,478

-

CURRENT ASSETS

Stocks

63,357

-

Debtors

77,119

-

Cash at bank and in hand

11,257

202

151,733

202

CREDITORS

Amounts falling due within one year

546,763

-

NET CURRENT (LIABILITIES)/ASSETS

(395,030

)

202

TOTAL ASSETS LESS CURRENT LIABILITIES

1,448

202

CAPITAL AND RESERVES

Called up share capital

4

202

202

Profit and loss account

1,246

-

SHAREHOLDERS' FUNDS

1,448

202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 19 January 2015 and were signed by:

Mr R A Smallwood - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of nine years.

Tangible fixed assets

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

440,000

At 31 March 2014

440,000

AMORTISATION

Amortisation for period

44,000

At 31 March 2014

44,000

NET BOOK VALUE

At 31 March 2014

396,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

478

At 31 March 2014

478

NET BOOK VALUE

At 31 March 2014

478

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100

102

Ordinary B

1

102

102

202

202