Abbreviated Company Accounts - WEE TEA COMPANY LIMITED

WEE TEA COMPANY LIMITED - Company Information

Registered Number SC427038

WEE TEA COMPANY LIMITED

Abbreviated Accounts

30 June 2014

WEE TEA COMPANY LIMITED Registered Number SC427038

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	170	72
		170	72
Current assets
Stocks		6,000	100
Debtors		14,617	8,589
Cash at bank and in hand		1,811	2,010
		22,428	10,699
Creditors: amounts falling due within one year		(27,957)	(23,372)
Net current assets (liabilities)		(5,529)	(12,673)
Total assets less current liabilities		(5,359)	(12,601)
Total net assets (liabilities)		(5,359)	(12,601)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(5,361)	(12,603)
Shareholders' funds		(5,359)	(12,601)

For the year ending 30 June 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 30 March 2015

And signed on their behalf by:
Derek M Walker, Director

WEE TEA COMPANY LIMITED Registered Number SC427038

Notes to the Abbreviated Accounts for the period ended 30 June 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.

Plant and machinery 20% straight line
Motor vehicles 25% straight line

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 July 2013	90
Additions	144
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	234
Depreciation
At 1 July 2013	18
Charge for the year	46
On disposals	-
At 30 June 2014	64
Net book values
At 30 June 2014	170
At 30 June 2013	72