Wolverine Garage Doors Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07796544 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

WOLVERINE GARAGE DOORS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R D Holloway

SECRETARY:

R D Holloway

REGISTERED OFFICE:

1 Rowallan Close

Caversham

Reading

Berkshire

RG4 6QS

REGISTERED NUMBER:

07796544 (England and Wales)

ACCOUNTANTS:

Avalon Accounting Limited

Equity House

4-6 School Road

Tilehurst

Reading

Berkshire

RG31 5AL

FIXED ASSETS

Tangible assets

2

24,704

8,835

CURRENT ASSETS

Debtors

3

113,645

61,000

Cash at bank and in hand

8,038

3,665

121,683

64,665

CREDITORS

Amounts falling due within one year

(105,463

)

(72,265

)

NET CURRENT ASSETS/(LIABILITIES)

16,220

(7,600

)

TOTAL ASSETS LESS CURRENT LIABILITIES

40,924

1,235

CREDITORS

Amounts falling due after more than one year

(45,639

)

-

NET (LIABILITIES)/ASSETS

(4,715

)

1,235

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

(4,716

)

1,234

SHAREHOLDERS' FUNDS

(4,715

)

1,235

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 27 July 2015 and were signed by:

R D Holloway - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The Accounts have been prepared on a going concern basis on the assumption that the Director will continue to

provide financial support as and when required.

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

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 November 2013

13,905

Additions

24,104

At 31 October 2014

38,009

DEPRECIATION

At 1 November 2013

5,070

Charge for year

8,235

At 31 October 2014

13,305

NET BOOK VALUE

At 31 October 2014

24,704

At 31 October 2013

8,835

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 5,750

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

1

Ordinary

1

1

1