Wrightsons Developments Limited - Limited company - abbreviated - 11.0.0

Wrightsons Developments Limited - Limited company - abbreviated - 11.0.0


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REGISTERED NUMBER: 03145705 (England and Wales)















WRIGHTSONS DEVELOPMENTS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2014






WRIGHTSONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03145705)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

WRIGHTSONS DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2014







DIRECTORS: C P Wright
A S Wright



SECRETARY: A S Wright



REGISTERED OFFICE: Brownings Farm
Lewes Road
Blackboys
Uckfield
East Sussex
TN22 5HG



REGISTERED NUMBER: 03145705 (England and Wales)



ACCOUNTANTS: Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG



BANKERS: The Co-operative Bank Plc
Olympic House
6 Olympic Court
Salford
M5 2QP

WRIGHTSONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03145705)

ABBREVIATED BALANCE SHEET
31ST MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,843 4,291

CURRENT ASSETS
Stocks 1,415,537 1,267,211
Debtors 6,578 5,355
Cash at bank 7,378 4,583
1,429,493 1,277,149
CREDITORS
Amounts falling due within one year 964,046 816,219
NET CURRENT ASSETS 465,447 460,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

468,290

465,221

PROVISIONS FOR LIABILITIES 569 858
NET ASSETS 467,721 464,363

CAPITAL AND RESERVES
Called up share capital 3 180,000 180,000
Profit and loss account 287,721 284,363
SHAREHOLDERS' FUNDS 467,721 464,363

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 4th August 2014 and were signed on its behalf by:




C P Wright - Director


WRIGHTSONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03145705)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 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.

Plant and machinery - 20% on cost

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. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st April 2013
and 31st March 2014 12,609
DEPRECIATION
At 1st April 2013 8,318
Charge for year 1,448
At 31st March 2014 9,766
NET BOOK VALUE
At 31st March 2014 2,843
At 31st March 2013 4,291

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
180,000 Ordinary £1 180,000 180,000