Outdoor Kitchens & Decking Ltd - Period Ending 2014-09-30

Registration number: 08053090

Outdoor Kitchens & Decking Ltd

Unaudited Abbreviated Accounts

for the Period from 1 June 2013 to 30 September 2014

 

Outdoor Kitchens & Decking Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Outdoor Kitchens & Decking Ltd
(Registration number: 08053090)
Abbreviated Balance Sheet at 30 September 2014

		Note			30 September 2014 £			31 May 2013 £
Fixed assets
Tangible fixed assets		2			15,382			14,011
Current assets
Stocks					3,500			3,500
Debtors					189			14,357
Cash at bank and in hand					5,208			3,890
					8,897			21,747
Creditors: Amounts falling due within one year					(54,008)			(39,975)
Net current liabilities					(45,111)			(18,228)
Total assets less current liabilities					(29,729)			(4,217)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(29,731)			(4,219)
Shareholders' deficit					(29,729)			(4,217)

For the year ending 30 September 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 26 February 2015 and signed on its behalf by:

.........................................
M Warriner
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Outdoor Kitchens & Decking Ltd
Notes to the Abbreviated Accounts for the Period from 1 June 2013 to 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and equipment	25% per annum of net book value

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2013		18,682			18,682
Additions		11,053			11,053
At 30 September 2014		29,735			29,735
Depreciation
At 1 June 2013		4,671			4,671
Charge for the period		9,682			9,682
At 30 September 2014		14,353			14,353
Net book value
At 30 September 2014		15,382			15,382
At 31 May 2013		14,011			14,011

Page 2

Outdoor Kitchens & Decking Ltd
Notes to the Abbreviated Accounts for the Period from 1 June 2013 to 30 September 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	30 September 2014						31 May 2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 3