WMS (Central) Limited - Limited company - abbreviated - 11.0.0

WMS (Central) Limited - Limited company - abbreviated - 11.0.0

WMS (CENTRAL) LIMITED - Company Information

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REGISTERED NUMBER: 04814213 (England and Wales)











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

WMS (CENTRAL) LIMITED

WMS (CENTRAL) LIMITED (REGISTERED NUMBER: 04814213)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

WMS (CENTRAL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2013







DIRECTORS: Mrs S L Walden
S G Titley





REGISTERED OFFICE: Unit 4-5 Alma Park Road
Alma Park Industrial Estate
Grantham
Lincolnshire
NG31 9SE





REGISTERED NUMBER: 04814213 (England and Wales)





ACCOUNTANTS: GreenStones Limited
9 Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR
Page 1
WMS (CENTRAL) LIMITED (REGISTERED NUMBER: 04814213)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - 3,792
Tangible assets 3 40,536 50,431
Investments 4 135,270 138,693
175,806 192,916

CURRENT ASSETS
Stocks 25,075 28,495
Debtors 76,556 114,218
Cash at bank and in hand 105,054 57,811
206,685 200,524
CREDITORS
Amounts falling due within one
year
72,061
76,659
NET CURRENT ASSETS 134,624 123,865
TOTAL ASSETS LESS CURRENT
LIABILITIES
310,430
316,781

PROVISIONS FOR LIABILITIES 1,175 1,680
NET ASSETS 309,255 315,101

CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 16,956 20,379
Profit and loss account 292,199 294,622
SHAREHOLDERS' FUNDS 309,255 315,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these abbreviated accounts

Page 2 continued...
WMS (CENTRAL) LIMITED (REGISTERED NUMBER: 04814213)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2013


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 19 September 2014 and
were signed on its behalf by:





Mrs S L Walden - Director


The notes form part of these abbreviated accounts

Page 3
WMS (CENTRAL) LIMITED (REGISTERED NUMBER: 04814213)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as
modified by the revaluation of certain assets 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 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 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.

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 1 January 2013
and 31 December 2013 65,000
AMORTISATION
At 1 January 2013 61,208
Amortisation for year 3,792
At 31 December 2013 65,000
NET BOOK VALUE

At 31 December 2013 -
At 31 December 2012 3,792

Page 4 continued...
WMS (CENTRAL) LIMITED (REGISTERED NUMBER: 04814213)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013 190,798
Additions 13,076
At 31 December 2013 203,874
DEPRECIATION
At 1 January 2013 140,367
Charge for year 22,971
At 31 December 2013 163,338
NET BOOK VALUE
At 31 December 2013 40,536
At 31 December 2012 50,431

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST OR VALUATION
At 1 January 2013 138,693
Revaluations (3,423 )
At 31 December 2013 135,270
NET BOOK VALUE
At 31 December 2013 135,270
At 31 December 2012 138,693

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100

Page 5 continued...
WMS (CENTRAL) LIMITED (REGISTERED NUMBER: 04814213)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2013

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
31 December 2013 and 31 December 2012:

2013 2012
£    £   
Mrs S L Walden
Balance outstanding at start of year 1,571 53
Amounts advanced 23,735 41,518
Amounts repaid - (40,000 )
Balance outstanding at end of year 25,306 1,571

This loan is un secured and interest free.

Page 6