The Westsider (Edinburgh) Ltd - Limited company - abbreviated - 11.6
The Westsider (Edinburgh) Ltd - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2013 |
| FOR |
| THE WESTSIDER (EDINBURGH) LTD |
| THE WESTSIDER (EDINBURGH) LTD (REGISTERED NUMBER: SC373235) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 28 February 2013 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 2 |
| THE WESTSIDER (EDINBURGH) LTD (REGISTERED NUMBER: SC373235) |
| ABBREVIATED BALANCE SHEET |
| 28 February 2013 |
| 28.2.13 | 29.2.12 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 financial statements were approved by the Board of Directors on |
| THE WESTSIDER (EDINBURGH) LTD (REGISTERED NUMBER: SC373235) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 28 February 2013 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| As at 28 February 2013, the company had liabilities exceeding assets by £121,982 (2012 - £56,455). The |
| company relies on the support of the directors and creditors to support its day to day working capital |
| requirements. The directors expect that this support will continue. For this reason the directors continue to adopt |
| the going concern basis for the preparation of financial statements. |
| 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 sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| 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 March 2012 |
| and 28 February 2013 |
| DEPRECIATION |
| At 1 March 2012 |
| Charge for year |
| At 28 February 2013 |
| NET BOOK VALUE |
| At 28 February 2013 |
| At 29 February 2012 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.13 | 29.2.12 |
| value: | £ | £ |
| Ordinary | £1 |
| THE WESTSIDER (EDINBURGH) LTD (REGISTERED NUMBER: SC373235) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 28 February 2013 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 28 February 2013 and |
| 29 February 2012: |
| 28.2.13 | 29.2.12 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |