SILVERWOOD_CENTRE_LTD - Accounts

SILVERWOOD CENTRE LTD - Company Information

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Company Registration No. 07812581 (England and Wales)

SILVERWOOD CENTRE LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2014

SILVERWOOD CENTRE LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SILVERWOOD CENTRE LTD

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

590

114

Current assets

Stocks

10,806

15,545

Debtors

153

490

Cash at bank and in hand

1,456

10,974

17,491

Creditors: amounts falling due within one year

(23,709)

(30,103)

Net current liabilities

(12,735)

(12,612)

Total assets less current liabilities

(12,145)

(12,498)

Capital and reserves

Called up share capital

100

Profit and loss account

(12,245)

(12,598)

Shareholders' funds

(12,145)

(12,498)

For the financial year ended 31 October 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 member has 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 20 February 2015

J Tyrrell

Director

Company Registration No. 07812581

SILVERWOOD CENTRE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 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).

The financial statements have been prepared on the going concern basis as the directors are confident that the company will continue to meet its liabilities as they fall due and are confident of the full support of their creditors.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods.goods.

1.4

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

20% reducing balance

1.5

Stock

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

Fixed assets

Tangible assets

Cost

At 1 November 2013

179

Additions

576

At 31 October 2014

755

Depreciation

At 1 November 2013

Charge for the year

100

At 31 October 2014

165

Net book value

At 31 October 2014

590

At 31 October 2013

114

SILVERWOOD CENTRE LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary of £1 each

100