Wolf Armouries Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03751944

Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

Wolf Armouries Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs C R Thomas

M Robinson

SECRETARY:

Mrs C R Thomas

REGISTERED OFFICE:

Suite A, 10th Floor Maple House

High Street

Potters Bar

Hertfordshire

EN6 5BS

REGISTERED NUMBER:

03751944

ACCOUNTANTS:

The Greene Partnership LLP

Accountants

Suite A, 10th Floor Maple House

High Street

Potters Bar

Hertfordshire

EN6 5BS

FIXED ASSETS

Tangible assets

2

11,142

13,799

CURRENT ASSETS

Stocks

359,212

267,042

Debtors

37,664

53,941

Cash at bank

137,248

257,614

534,124

578,597

CREDITORS

Amounts falling due within one year

115,003

125,149

NET CURRENT ASSETS

419,121

453,448

TOTAL ASSETS LESS CURRENT LIABILITIES

430,263

467,247

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

430,163

467,147

SHAREHOLDERS' FUNDS

430,263

467,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 29 June 2016 and were signed on its behalf by:

M Robinson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

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.

Improvements to property

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

73,473

Additions

779

At 30 September 2015

74,252

DEPRECIATION

At 1 October 2014

59,674

Charge for year

3,436

At 30 September 2015

63,110

NET BOOK VALUE

At 30 September 2015

11,142

At 30 September 2014

13,799

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

£

100

Ordinary Share capital

1

100

100

4.	RELATED PARTY DISCLOSURES