Albion Wine Shippers Limited - Limited company - abbreviated - 11.6

Albion Wine Shippers Limited - Limited company - abbreviated - 11.6

ALBION WINE SHIPPERS LIMITED - Company Information

Print Friendly Version

02033624 1.1.14 31.12.14 31.12.14 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure020336242013-12-31020336242014-12-31020336242014-01-012014-12-31020336242012-12-31020336242013-01-012013-12-31020336242013-12-3102033624ns14:PoundSterling2014-01-012014-12-3102033624ns7:Director12014-01-012014-12-3102033624ns7:OrdinaryShareClass12014-01-012014-12-3102033624ns7:CompanySecretary2014-01-012014-12-3102033624ns7:RegisteredOffice2014-01-012014-12-3102033624ns7:EntityAccountantsOrAuditors2014-01-012014-12-3102033624ns5:FixturesFittings2014-01-012014-12-3102033624ns5:MotorVehicles2014-01-012014-12-3102033624ns5:ComputerEquipment2014-01-012014-12-3102033624ns7:OrdinaryShareClass12014-12-3102033624ns7:OrdinaryShareClass12013-12-31
REGISTERED NUMBER: 02033624


















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

ALBION WINE SHIPPERS LIMITED

ALBION WINE SHIPPERS LIMITED (REGISTERED NUMBER: 02033624)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

ALBION WINE SHIPPERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014







DIRECTOR: P Amery





SECRETARY: P Amery





REGISTERED OFFICE: 9 Mansfield Street
London
W1G 9NY





REGISTERED NUMBER: 02033624





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
9 Mansfield Street
London
W1G 9NY
Page 1
ALBION WINE SHIPPERS LIMITED (REGISTERED NUMBER: 02033624)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 9,136 11,993

CURRENT ASSETS
Stocks 175,397 185,540
Debtors 506,844 449,592
Cash at bank 48,680 19,827
730,921 654,959
CREDITORS
Amounts falling due within one year 581,807 589,389
NET CURRENT ASSETS 149,114 65,570
TOTAL ASSETS LESS CURRENT
LIABILITIES
158,250
77,563

PROVISIONS FOR LIABILITIES 1,608 2,131
NET ASSETS 156,642 75,432

CAPITAL AND RESERVES
Called up share capital 3 18,000 18,000
Profit and loss account 138,642 57,432
SHAREHOLDERS' FUNDS 156,642 75,432

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 13 August 2015 and were signed by:



P Amery - Director


The notes form part of these abbreviated accounts

Page 2
ALBION WINE SHIPPERS LIMITED (REGISTERED NUMBER: 02033624)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014


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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value.

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
Assets held under finance leases and hire purchase contracts, which are those where substantially all
the risks and rewards of ownership of the asset have passed to the company, are capitalised in the
balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase
obligation is treated in the balance sheet as a liability.

The interest element of the rental obligation is charged to profit and loss account over the period of the
lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease
term.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 55,875
Additions 188
At 31 December 2014 56,063
DEPRECIATION
At 1 January 2014 43,882
Charge for year 3,045
At 31 December 2014 46,927
NET BOOK VALUE
At 31 December 2014 9,136
At 31 December 2013 11,993

Page 3 continued...
ALBION WINE SHIPPERS LIMITED (REGISTERED NUMBER: 02033624)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2014


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
18,000 Ordinary £1 18,000 18,000

Page 4