GWF Catering Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07905298 (England and Wales)

Abbreviated Accounts for the Year Ended 31 January 2015

for

GWF Catering Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J P Fay

REGISTERED OFFICE:

116 Duke Street

Liverpool

Merseyside

L1 5JW

REGISTERED NUMBER:

07905298 (England and Wales)

ACCOUNTANTS:

Cobham Murphy Limited

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

2

24,400

2,039

CURRENT ASSETS

Stocks

7,740

2,237

Debtors

5,546

17,634

Cash at bank and in hand

50

3,252

13,336

23,123

CREDITORS

Amounts falling due within one year

33,906

20,074

NET CURRENT (LIABILITIES)/ASSETS

(20,570

)

3,049

TOTAL ASSETS LESS CURRENT LIABILITIES

3,830

5,088

CREDITORS

Amounts falling due after more than one year

-

2,723

NET ASSETS

3,830

2,365

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

3,730

2,265

SHAREHOLDERS' FUNDS

3,830

2,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 12 October 2015 and were signed by:

J P Fay - 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

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% 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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

3,640

Additions

26,538

At 31 January 2015

30,178

DEPRECIATION

At 1 February 2014

1,601

Charge for year

4,177

At 31 January 2015

5,778

NET BOOK VALUE

At 31 January 2015

24,400

At 31 January 2014

2,039

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director operates a current account to which transactions of a private nature are posted. As at the year end a

balance of £546 (2014 £12,958), owing from Mr J P Fay, was included within other debtors.