Abbreviated Company Accounts - RUSSIAN WOOD AGENCY LIMITED
Abbreviated Company Accounts - RUSSIAN WOOD AGENCY LIMITED
Registered Number 00187809
RUSSIAN WOOD AGENCY LIMITED
Abbreviated Accounts
31 December 2013
RUSSIAN WOOD AGENCY LIMITED Registered Number 00187809
Abbreviated Balance Sheet as at 31 December 2013
| Notes | 2013 | 2012 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Debtors |
|
|
|
| Cash at bank and in hand |
|
|
|
|
|
|
||
| Creditors: amounts falling due within one year |
( |
( |
|
| Net current assets (liabilities) |
|
|
|
| Total assets less current liabilities |
|
|
|
| Total net assets (liabilities) |
|
|
|
| Capital and reserves | |||
| Called up share capital |
|
|
|
| Profit and loss account |
( |
( |
|
| Shareholders' funds |
|
|
|
For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
RUSSIAN WOOD AGENCY LIMITED Registered Number 00187809
Notes to the Abbreviated Accounts for the period ended 31 December 2013
1Accounting Policies
Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.
Going Concern
The directors disposed of the company's freehold property in 2010, which has generated
sufficient cash to settle the company's creditors and provide for an orderly winding down of the
company's affairs. The directors are therefore satisfied that it is appropriate to continue to
prepare the financial statements on a going concern basis.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of
ownership remain with the lessor are charged against profits on a straight line basis over the
period of the lease.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are
equivalent to a similar debt instrument, those financial instruments are classed as financial
liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and
gains or losses relating to financial liabilities are included in the profit and loss account. Finance
costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a
financial liability then this is classed as an equity instrument. Dividends and distributions
relating to equity instruments are debited direct to equity.