Wokingham Elect & Lighting Supplies - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05086207 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2014

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

10,159

13,717

CURRENT ASSETS

Stocks

74,360

90,703

Debtors

188,984

235,447

Cash at bank and in hand

95,055

116,807

358,399

442,957

CREDITORS

Amounts falling due within one year

232,437

270,864

NET CURRENT ASSETS

125,962

172,093

TOTAL ASSETS LESS CURRENT LIABILITIES

136,121

185,810

CREDITORS

Amounts falling due after more than one year

2,252

7,357

NET ASSETS

133,869

178,453

CAPITAL AND RESERVES

Called up share capital

3

280

280

Profit and loss account

133,589

178,173

SHAREHOLDERS' FUNDS

133,869

178,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 29th May 2015 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 2014

30,217

Additions

997

At 31st December 2014

31,214

DEPRECIATION

At 1st January 2014

16,500

Charge for year

4,555

At 31st December 2014

21,055

NET BOOK VALUE

At 31st December 2014

10,159

At 31st December 2013

13,717

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

200

Ordinary

£1

200

200

80

A Ordinary

£1

80

80

280

280