West Herts Tools & Pressings Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07042708 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH NOVEMBER 2013

FOR

WEST HERTS TOOLS & PRESSINGS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D R Lee

P S Fenton

REGISTERED OFFICE:

9 High Street

Woburn Sands

Milton Keynes

Buckinghamshire

MK17 8RF

REGISTERED NUMBER:

07042708 (England and Wales)

ACCOUNTANTS:

Camfield Chapman Lowe

9 High Street

Woburn Sands

MILTON KEYNES

Buckinghamshire

MK17 8RF

FIXED ASSETS

Intangible assets

2

799

1,599

Tangible assets

3

22,122

30,085

22,921

31,684

CURRENT ASSETS

Stocks

47,782

34,618

Debtors

143,149

155,897

Cash in hand

1,712

462

192,643

190,977

CREDITORS

Amounts falling due within one year

4

240,513

246,196

NET CURRENT LIABILITIES

(47,870

)

(55,219

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(24,949

)

(23,535

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(25,049

)

(23,635

)

SHAREHOLDERS' FUNDS

(24,949

)

(23,535

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2013 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 30th August 2014 and were signed on its behalf by:

D R Lee - Director

P S Fenton - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2012

and 30th November 2013

3,997

AMORTISATION

At 1st December 2012

2,398

Amortisation for year

800

At 30th November 2013

3,198

NET BOOK VALUE

At 30th November 2013

799

At 30th November 2012

1,599

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2012

and 30th November 2013

49,732

DEPRECIATION

At 1st December 2012

19,647

Charge for year

7,963

At 30th November 2013

27,610

NET BOOK VALUE

At 30th November 2013

22,122

At 30th November 2012

30,085

4.

CREDITORS

Creditors include an amount of £ 108,458 (2012 - £ 118,848 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100