North Wales Aero Forms Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07239006 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended

30 September 2014

for

NORTH WALES AERO FORMS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTOR:

R Doyle

REGISTERED OFFICE:

Unit 1e Pentre Industrial Estate

Chester Road

Pentre

Clwyd

CH5 2DQ

REGISTERED NUMBER:

07239006 (England and Wales)

ACCOUNTANTS:

Leavitt Walmsley Associates Limited

Chartered Certified Accountants

8 Eastway

Sale

Cheshire

M33 4DX

FIXED ASSETS

Tangible assets

2

95,743

112,462

CURRENT ASSETS

Stocks

95,000

52,963

Debtors

286,829

284,470

Cash at bank

6,484

5,045

388,313

342,478

CREDITORS

Amounts falling due within one year

558,473

525,925

NET CURRENT LIABILITIES

(170,160

)

(183,447

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(74,417

)

(70,985

)

CREDITORS

Amounts falling due after more than one year

125,352

155,133

NET LIABILITIES

(199,769

)

(226,118

)

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

(199,969

)

(226,318

)

SHAREHOLDERS' FUNDS

(199,769

)

(226,118

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 26 June 2015 and were signed by:

R Doyle - 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.

A sale is recognised when the goods have been despatched to clients, which is the point at which the risks and rewards of

ownership pass to the customer and therefore revenue recognised.

Tangible fixed assets

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

The company carries tangible fixed assets in the balance sheet using the depreciated historic cost method.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

Financial instruments

Financial Instruments are classified and accounted for according to the substance of the transaction as either a financial

asset, liability or equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of

the company after all liabilities have been deducted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

190,187

Additions

7,216

At 30 September 2014

197,403

DEPRECIATION

At 1 October 2013

77,725

Charge for year

23,935

At 30 September 2014

101,660

NET BOOK VALUE

At 30 September 2014

95,743

At 30 September 2013

112,462

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

100

Ordinary A

1

100

100

100

Ordinary B

1

100

100

200

200

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of North Wales Aero Forms Ltd for the year ended 30 September 2014 which comprise the Profit and Loss Account, the

Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given

us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of North Wales Aero Forms Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of North Wales Aero Forms Ltd and state those matters that we have agreed to state to the director of North Wales Aero Forms Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that North Wales Aero Forms Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of North Wales Aero Forms Ltd. You consider that North Wales Aero Forms Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of North Wales Aero Forms Ltd. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have

given to us and we do not, therefore, express any opinion on the statutory financial statements.

Leavitt Walmsley Associates Limited

Chartered Certified Accountants

8 Eastway

Sale

Cheshire

M33 4DX

Date: .............................................