Porter Wedl Limited - Limited company - abbreviated

REGISTERED NUMBER: 02244467

Abbreviated Accounts

for the Year Ended 31 December 2014

for

Porter Wedl Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A R Wedl

Mrs A J Wedl

SECRETARY:

Mrs A J Wedl

REGISTERED OFFICE:

The Cider Works

Sandwich Road

Waldershare

Dover

Kent

CT15 5AU

REGISTERED NUMBER:

02244467

ACCOUNTANTS:

Beverton & Co.

Chartered Accountants

Maybrook House

York Street

Dover

Kent

CT17 9AH

FIXED ASSETS

Tangible assets

2

536,836

CURRENT ASSETS

Stocks

63,505

Debtors

249,719

Cash at bank

22,678

17,330

335,902

330,554

CREDITORS

Amounts falling due within one year

114,195

113,347

NET CURRENT ASSETS

221,707

217,207

TOTAL ASSETS LESS CURRENT
LIABILITIES

758,543

754,043

CAPITAL AND RESERVES

Called up share capital

3

91,000

Revaluation reserve

29,420

Profit and loss account

638,123

633,623

SHAREHOLDERS' FUNDS

758,543

754,043

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 24 September 2015 and were signed on its behalf
by:

A R Wedl - 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.

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

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

562,338

DEPRECIATION

At 1 January 2014

and 31 December 2014

25,502

NET BOOK VALUE

At 31 December 2014

536,836

At 31 December 2013

536,836

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/14

31/12/13

value:

£

91,000

Ordinary

£1

91,000

Porter Wedl Limited - Limited company - abbreviated - 11.6

Porter Wedl Limited - Limited company - abbreviated - 11.6