LWF_WINDOW_TINTING_LIMITE - Accounts

LWF CAR SALES LTD - Company Information

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Company Registration No. 06617335 (England and Wales)

LWF WINDOW TINTING LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

LWF WINDOW TINTING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LWF WINDOW TINTING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

7,578

8,879

Investments

7,578

8,929

Current assets

Stocks

750

Debtors

9,634

13,722

Cash at bank and in hand

36,550

19,538

46,934

34,010

Creditors: amounts falling due within one year

(30,669)

(19,342)

Net current assets

16,265

14,668

Total assets less current liabilities

23,843

23,597

Capital and reserves

Called up share capital

Profit and loss account

23,842

23,596

Shareholders' funds

23,843

23,597

For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 March 2015

Mr A Goldstraw

Director

Company Registration No. 06617335

LWF WINDOW TINTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

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:

Plant and machinery

15% per annum of net book value

Fixtures, fittings and equipment

15% per annum of net book value

Motor vehicles

25% per annum of net book value

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

1.7

Government grants

Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

LWF WINDOW TINTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 July 2013

27,116

27,166

Additions

667

Disposals

(50)

At 30 June 2014

27,783

Depreciation

At 1 July 2013

18,237

Charge for the year

1,968

At 30 June 2014

20,205

Net book value

At 30 June 2014

7,578

At 30 June 2013

8,879

8,929

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary share of £1 each