Weststore Limited - Limited company - abbreviated

REGISTERED NUMBER: SC237780 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2014

for

Weststore Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Grieco

Mrs P Grieco

SECRETARY:

Mrs P Grieco

REGISTERED OFFICE:

16 Roseneath Street

Edinburgh

EH9 1JH

REGISTERED NUMBER:

SC237780 (Scotland)

ACCOUNTANTS:

Neil Nisbet & Co.

15A Great Stuart Street

Edinburgh

EH3 7TP

FIXED ASSETS

Tangible assets

2

11,867

12,789

CURRENT ASSETS

Stocks

850

880

Debtors

1,510

190

Cash at bank and in hand

28,458

31,349

30,818

32,419

CREDITORS

Amounts falling due within one year

40,568

42,996

NET CURRENT LIABILITIES

(9,750

)

(10,577

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,117

2,212

PROVISIONS FOR LIABILITIES

1,800

1,850

NET ASSETS

317

362

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

315

360

SHAREHOLDERS' FUNDS

317

362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 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 29 May 2015 and were signed on its behalf by:

S Grieco - 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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

55,108

Additions

1,194

At 30 November 2014

56,302

DEPRECIATION

At 1 December 2013

42,319

Charge for year

2,116

At 30 November 2014

44,435

NET BOOK VALUE

At 30 November 2014

11,867

At 30 November 2013

12,789

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

2

Ordinary

£1

2

Weststore Limited - Limited company - abbreviated - 11.6

Weststore Limited - Limited company - abbreviated - 11.6