WCM Products Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07890970 (England and Wales)

WCM PRODUCTS LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

K.N. McGee

R Anderson F.C.A., A.T.I.I.

J C Grainger

SECRETARY:

K.N. McGee

REGISTERED OFFICE:

Abbey House

Manor Road

Coventry

West Midlands

CV1 2FW

REGISTERED NUMBER:

07890970 (England and Wales)

ACCOUNTANTS:

Fox Evans Ltd

Abbey House

Manor Road

Coventry

West Midlands

CV1 2FW

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

-

798

Cash at bank and in hand

1,366

3,521

6,366

9,319

CREDITORS

Amounts falling due within one year

184,585

158,994

NET CURRENT LIABILITIES

(178,219

)

(149,675

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(178,219

)

(149,675

)

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

(178,319

)

(149,775

)

SHAREHOLDERS' FUNDS

(178,219

)

(149,675

)

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 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 16 September 2015 and were signed on its behalf by:

K.N. McGee - 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.

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.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

1

100

100

3.	GOING CONCERN

It is the opinion of the directors that the company will continue as a going concern for the foreseeable

future. The amounts of £181,585 owed to associated companies will not be demanded for repayment

by those parties until the WCM Products Limited has sufficient funds to be able to discharge the

liabilities.