Abbreviated Company Accounts - PHILIP WOOLLER LTD

PHILIP WOOLLER LTD - Company Information

08064416 PHILIP WOOLLER LTD 2014-05-31 false 2013-06-01 2014-05-31 true 08064416 2013-06-01 2014-05-31 08064416 2014-05-31 08064416 2013-05-31 08064416 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 08064416 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-05-31 iso4217:GBP shares

Registered Number 08064416

PHILIP WOOLLER LTD

Abbreviated Accounts

31 May 2014

PHILIP WOOLLER LTD Registered Number 08064416

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	7,909	7,503
		7,909	7,503
Current assets
Debtors		1,500	245
Cash at bank and in hand		285,819	28,303
		287,319	28,548
Creditors: amounts falling due within one year		(231,928)	(103,042)
Net current assets (liabilities)		55,391	(74,494)
Total assets less current liabilities		63,300	(66,991)
Total net assets (liabilities)		63,300	(66,991)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		63,200	(67,091)
Shareholders' funds		63,300	(66,991)

For the year ending 31 May 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 27 February 2015

And signed on their behalf by:
Philip Wooller, Director

PHILIP WOOLLER LTD Registered Number 08064416

Notes to the Abbreviated Accounts for the period ended 31 May 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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 25% reducing balance

Valuation information and policy
Deferred Taxation
Deferred taxation is provided in full in respect of taxation deferred timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

2Intangible fixed assets

	£
Cost
At 1 June 2013	10,003
Additions	3,042
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	13,045
Amortisation
At 1 June 2013	2,500
Charge for the year	2,636
On disposals	-
At 31 May 2014	5,136
Net book values
At 31 May 2014	7,909
At 31 May 2013	7,503

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

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