Abbreviated Company Accounts - VALUE DOORS UK LIMITED

THE DOORS GROUP LIMITED - Company Information

06444284 VALUE DOORS UK LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 06444284 2014-01-01 2014-12-31 06444284 2014-12-31 06444284 2013-12-31 06444284 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 06444284 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 06444284

VALUE DOORS UK LIMITED

Abbreviated Accounts

31 December 2014

VALUE DOORS UK LIMITED Registered Number 06444284

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	54,850	37,098
		54,850	37,098
Current assets
Stocks		66,000	56,000
Debtors		20,209	10,595
Cash at bank and in hand		232,146	118,441
		318,355	185,036
Creditors: amounts falling due within one year		(236,083)	(150,297)
Net current assets (liabilities)		82,272	34,739
Total assets less current liabilities		137,122	71,837
Provisions for liabilities		(10,244)	-
Total net assets (liabilities)		126,878	71,837
Capital and reserves
Called up share capital	3	200	200
Profit and loss account		126,678	71,637
Shareholders' funds		126,878	71,837

For the year ending 31 December 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 16 February 2015

And signed on their behalf by:
D P Wilkinson, Director

VALUE DOORS UK LIMITED Registered Number 06444284

Notes to the Abbreviated Accounts for the period ended 31 December 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.

Equipment, Fixtures and Fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

Valuation information and policy
Stock and work in progress is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

Other accounting policies
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 January 2014	74,911
Additions	39,888
Disposals	(7,600)
Revaluations	-
Transfers	-
At 31 December 2014	107,199
Depreciation
At 1 January 2014	37,813
Charge for the year	20,331
On disposals	(5,795)
At 31 December 2014	52,349
Net book values
At 31 December 2014	54,850
At 31 December 2013	37,098

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
200 Ordinary shares of £1 each	200	200