Wood and Cox Limited - Period Ending 2015-11-30

Registration number: 07831328

Wood and Cox Limited

Unaudited abbreviated accounts

for the year ended 30 November 2015
 

Wood and Cox Limited
Contents

Abbreviated balance sheet 1 to 2

Notes to the abbreviated accounts 3 to 4

Wood and Cox Limited
(Registration number: 07831328)
Abbreviated balance sheet at 30 November 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			750			11,611
Current assets
Stock					193,585			-
Debtors					7,506			-
Cash at bank and in hand					20,430			171
					221,521			171
Creditors: amounts falling due within one year					(253,576)			(43,087)
Net current liabilities					(32,055)			(42,916)
Net liabilities					(31,305)			(31,305)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(31,405)			(31,405)
Shareholders' deficit					(31,305)			(31,305)

The notes on pages 3 to 4 form an integral part of these abbreviated accounts.
Page 1

Wood and Cox Limited
(Registration number: 07831328)
Abbreviated balance sheet at 30 November 2015
......... continued

For the year ending 30 November 2015 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the board on 30 August 2016 and signed on its behalf by:

.........................................
C J Wood
Director

.........................................
S M Cox
Director

The notes on pages 3 to 4 form an integral part of these abbreviated accounts.
Page 2

Wood and Cox Limited
Notes to the abbreviated accounts for the year ended 30 November 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 Company is reliant on the continued support of the directors in order to meet its day to day commitments. The directors intend to support the company for the forseeable future and therefore the accounts have been prepared on a going concern basis.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation rate and method
Motor vehicles	25 % reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Wood and Cox Limited
Notes to the abbreviated accounts for the year ended 30 November 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2014		27,026			27,026
Additions		1,000			1,000
Disposals		(27,026)			(27,026)
At 30 November 2015		1,000			1,000
Depreciation
At 1 December 2014		15,415			15,415
Charge for the year		250			250
Eliminated on disposals		(15,415)			(15,415)
At 30 November 2015		250			250
Net book value
At 30 November 2015		750			750
At 30 November 2014		11,611			11,611

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £ 1 each		100			100			100			100

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