Woodstock Timber Company (UK) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03495499 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Woodstock Timber Company (UK) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Filer

Mrs JA Filer

SECRETARY:

Mrs JA Filer

REGISTERED OFFICE:

Unit 5

Bridge Road

Kingswood

Bristol

BS15 4FW

REGISTERED NUMBER:

03495499 (England and Wales)

ACCOUNTANTS:

Matrix Accounting and Taxation

Solutions

101 Wellsway

Keynsham

Bristol

BS31 1HZ

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

271,755

269,957

271,755

269,957

CURRENT ASSETS

Stocks

92,000

91,000

Debtors

428,031

307,677

Cash at bank and in hand

259,550

111,406

779,581

510,083

CREDITORS

Amounts falling due within one year

665,602

575,862

NET CURRENT ASSETS/(LIABILITIES)

113,979

(65,779

)

TOTAL ASSETS LESS CURRENT LIABILITIES

385,734

204,178

CAPITAL AND RESERVES

Called up share capital

4

10,000

10,000

Profit and loss account

375,734

194,178

SHAREHOLDERS' FUNDS

385,734

204,178

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 23 December 2015 and were signed on its behalf by:

S Filer - 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 1998, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

6,800

AMORTISATION

At 1 April 2014

and 31 March 2015

6,800

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

454,181

Additions

21,045

Disposals

(11,521

)

At 31 March 2015

463,705

DEPRECIATION

At 1 April 2014

184,224

Charge for year

18,202

Eliminated on disposal

(10,476

)

At 31 March 2015

191,950

NET BOOK VALUE

At 31 March 2015

271,755

At 31 March 2014

269,957

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

10,000

Ordinary

£1

10,000

10,000