Wokingham Elect & Lighting Supplies - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05086207 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2013

FOR

WOKINGHAM ELECTRICAL & LIGHTING SUPPLIES

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Bodey

Mrs M C Bodey

Mrs L S Price

S A Price

SECRETARY:

Mrs L S Price

REGISTERED OFFICE:

Unit 8

Station Industrial Estate

Oxford Road

Wokingham

Berkshire

RG41 2YQ

REGISTERED NUMBER:

05086207 (England and Wales)

ACCOUNTANTS:

Weller Mackrill

South Building

Upper Farm

Wootton St Lawrence

BASINGSTOKE

Hampshire

RG23 8PE

FIXED ASSETS

Tangible assets

2

13,717

1,750

CURRENT ASSETS

Stocks

90,703

99,716

Debtors

235,447

233,233

Cash at bank and in hand

116,807

250,954

442,957

583,903

CREDITORS

Amounts falling due within one year

270,864

346,035

NET CURRENT ASSETS

172,093

237,868

TOTAL ASSETS LESS CURRENT LIABILITIES

185,810

239,618

CREDITORS

Amounts falling due after more than one year

7,357

-

NET ASSETS

178,453

239,618

CAPITAL AND RESERVES

Called up share capital

3

280

280

Profit and loss account

178,173

239,338

SHAREHOLDERS' FUNDS

178,453

239,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2013 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26th June 2014 and were signed on its behalf by:

J Bodey - Director

1.	ACCOUNTING POLICIES

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

20% on cost

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2013

47,285

Additions

16,190

Disposals

(33,258

)

At 31st December 2013

30,217

DEPRECIATION

At 1st January 2013

45,535

Charge for year

4,223

Eliminated on disposal

(33,258

)

At 31st December 2013

16,500

NET BOOK VALUE

At 31st December 2013

13,717

At 31st December 2012

1,750

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

200

Ordinary

£1

200

200

80

A Ordinary

£1

80

80

280

280