Abbreviated Company Accounts - WHOLESALE INK LIMITED

WHOLESALE INK LIMITED - Company Information

Registered Number NI608051

WHOLESALE INK LIMITED

Abbreviated Accounts

31 December 2013

WHOLESALE INK LIMITED Registered Number NI608051

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Called up share capital not paid		2	2
Fixed assets
Tangible assets	2	813	766
		813	766
Current assets
Stocks		200	4,000
Cash at bank and in hand		6,760	4,653
		6,960	8,653
Creditors: amounts falling due within one year		(7,614)	(5,809)
Net current assets (liabilities)		(654)	2,844
Total assets less current liabilities		161	3,612
Total net assets (liabilities)		161	3,612
Capital and reserves
Called up share capital		2	2
Profit and loss account		159	3,610
Shareholders' funds		161	3,612

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 29 September 2014

And signed on their behalf by:
Gareth Murdock, Director
Paul Johnston, Director

WHOLESALE INK LIMITED Registered Number NI608051

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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 20% Reducing Balance

Valuation information and policy
Stock
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 January 2013	1,197
Additions	250
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	1,447
Depreciation
At 1 January 2013	431
Charge for the year	203
On disposals	-
At 31 December 2013	634
Net book values
At 31 December 2013	813
At 31 December 2012	766