Wagstaffs Limited - Limited company - abbreviated - 11.0.0

Wagstaffs Limited - Limited company - abbreviated - 11.0.0

WAGSTAFFS LIMITED - Company Information

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REGISTERED NUMBER: 02756201 (England and Wales)






ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

WAGSTAFFS LIMITED

WAGSTAFFS LIMITED (REGISTERED NUMBER: 02756201)






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 3

WAGSTAFFS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2013







DIRECTOR: P F Wagstaff FCA





SECRETARY: Mrs S B Wagstaff





REGISTERED OFFICE: 4 Enterprise Court
Downmill Road
Bracknell
Berkshire
RG12 1QS





REGISTERED NUMBER: 02756201 (England and Wales)





ACCOUNTANTS: Hamlyns LLP
Chartered Accountants
Sundial House
High Street
Horsell
Woking
Surrey
GU21 4SU
Page 1
WAGSTAFFS LIMITED (REGISTERED NUMBER: 02756201)

ABBREVIATED BALANCE SHEET
31 December 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 200 308

CURRENT ASSETS
Debtors 3 247,194 246,481
Cash at bank 14,135 12,854
261,329 259,335
CREDITORS
Amounts falling due within one year 183,928 171,769
NET CURRENT ASSETS 77,401 87,566
TOTAL ASSETS LESS CURRENT
LIABILITIES
77,601
87,874

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 77,501 87,774
SHAREHOLDERS' FUNDS 77,601 87,874

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 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 29 September 2014 and were signed by:





P F Wagstaff FCA - Director


The notes form part of these abbreviated accounts

Page 2
WAGSTAFFS LIMITED (REGISTERED NUMBER: 02756201)

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 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, except in respect of service contracts
where turnover is recognised when the company obtains the right to consideration.

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 etc - 33% on cost

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 January 2013
and 31 December 2013 308
DEPRECIATION
Charge for year 108
At 31 December 2013 108
NET BOOK VALUE
At 31 December 2013 200
At 31 December 2012 308

3. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 90,000 (2012 - £ 90,000 )

4. CALLED UP SHARE CAPITAL

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

Page 3 continued...
WAGSTAFFS LIMITED (REGISTERED NUMBER: 02756201)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 December 2013

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors amounts falling due within one year (note 7) is a loan of £102,984 (2012 - £50,989)
from the director and £15,000 (2012 - £15,000) from the director's wife. These loans are interest free and
repayable on demand.

6. RELATED PARTY DISCLOSURES

Included in other debtors (note 6) is an amount of £79,425 (2012 - £79,435 ) owed by Vick Marine Limited,
£42,381 (2012 - £42,381) owed by Birchwood Marine International Limited, £19,500 (2012 - £19,500) owed by
Birchwood Marine America LLC.

Included in other creditors (note 7) is an amount of £30,000 (2012 - £30,000) owed to Able Hire Limited.

These amounts arose in respect of funding assistance and are related by virtue of similar control.

7. ULTIMATE CONTROLLING PARTY

The company is controlled by P F Wagstaff and Mrs. S B Wagstaff by virtue of their controlling shareholdings.

Page 4