LWR Developments Limited - Limited company - abbreviated - 11.0.0
LWR Developments Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 October 2013 |
| for |
| LWR Developments Limited |
| LWR Developments Limited (Registered number: 04945228) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 October 2013 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 5 |
| LWR Developments Limited |
| Company Information |
| for the Year Ended 31 October 2013 |
| DIRECTORS: |
| SECRETARIES: |
| WM Richards |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Trading as Lee & Co |
| Chartered Accountants |
| LWR Developments Limited (Registered number: 04945228) |
| Abbreviated Balance Sheet |
| 31 October 2013 |
| 31.10.13 | 31.10.12 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The directors acknowledge their 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 financial statements were approved by the Board of Directors on |
| LWR Developments Limited (Registered number: 04945228) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 October 2013 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts have been prepared under the historical cost convention. |
| 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. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| Going concern |
| The company has net current liabilities at the year end. The directors have indicated they will continue to support |
| the company for the forthcoming year and hence the accounts have been prepared under the going concern |
| concept. If the confirmation of their support was not available, adjustments would have to be made to consider |
| their carrying values, to reclassify fixed assets as currents assets, and long term liabilities as short term liabilities. |
| LWR Developments Limited (Registered number: 04945228) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 October 2013 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2012 |
| Additions |
| Disposals | ( |
) |
| At 31 October 2013 |
| DEPRECIATION |
| At 1 November 2012 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 October 2013 |
| NET BOOK VALUE |
| At 31 October 2013 |
| At 31 October 2012 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.10.13 | 31.10.12 |
| value: | £ | £ |
| Ordinary shares | £1 |
| 4. | RELATED PARTY DISCLOSURES |
| Mr WM & Mrs L Richards |
| The company directors and shareholders |
| 31.10.13 | 31.10.12 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| 5. | ULTIMATE CONTROLLING PARTY |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| LWR Developments Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of LWR Developments Limited for the year ended 31 October 2013 which comprise the Profit and |
| Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject |
| to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of LWR Developments Limited, as a body, in accordance with our |
| terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of |
| LWR Developments Limited and state those matters that we have agreed to state to the Board of Directors of LWR |
| Developments Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To |
| the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its |
| Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that LWR Developments Limited has kept adequate accounting records and to prepare statutory |
| financial statements that give a true and fair view of the assets, liabilities, financial position and loss of LWR |
| Developments Limited. You consider that LWR Developments Limited is exempt from the statutory audit requirement |
| for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of LWR Developments Limited. |
| For this reason, we have not verified the accuracy or completeness of the accounting records or information and |
| explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Trading as Lee & Co |
| Chartered Accountants |
| Date: ............................................. |