Walkers Outdoor Leisure Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02908565 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

WALKERS OUTDOOR LEISURE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

Mr E A Key

SECRETARY:

Mrs J E Key

REGISTERED OFFICE:

1 School Road

Wisbech

Cambridgeshire

PE13 1AW

REGISTERED NUMBER:

02908565 (England and Wales)

ACCOUNTANTS:

Bruch & Co Ltd

Chartered Accountants

& Tax Consultants

1 School Lane

Wisbech

Cambridgeshire

PE13 1AW

FIXED ASSETS

Tangible assets

2

1,338

786

CURRENT ASSETS

Stocks

85,917

85,361

Debtors

1,855

2,187

Cash at bank and in hand

10,308

6,523

98,080

94,071

CREDITORS

Amounts falling due within one year

61,331

55,367

NET CURRENT ASSETS

36,749

38,704

TOTAL ASSETS LESS CURRENT LIABILITIES

38,087

39,490

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

37,987

39,390

SHAREHOLDERS' FUNDS

38,087

39,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 23 June 2014 and were signed by:

Mr E A Key - Director

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

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 April 2013

7,879

Additions

999

At 31 March 2014

8,878

DEPRECIATION

At 1 April 2013

7,093

Charge for year

447

At 31 March 2014

7,540

NET BOOK VALUE

At 31 March 2014

1,338

At 31 March 2013

786

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of

Walkers Outdoor Leisure Ltd for the year ended 31 March 2014 which comprise the Profit and Loss Account, the Balance Sheet and the

related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and

other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Walkers Outdoor Leisure Ltd in accordance with our terms of engagement. Our work has

been undertaken solely to prepare for your approval the financial statements of Walkers Outdoor Leisure Ltd and state those matters that

we have agreed to state to the director of Walkers Outdoor Leisure Ltd in this report in accordance with AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the

company and its director for our work or for this report.

It is your duty to ensure that Walkers Outdoor Leisure Ltd has kept adequate accounting records and to prepare statutory financial

statements that give a true and fair view of the assets, liabilities, financial position and profit of Walkers Outdoor Leisure Ltd. You

consider that Walkers Outdoor Leisure Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Walkers Outdoor Leisure Ltd. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to

us and we do not, therefore, express any opinion on the statutory financial statements.

Bruch & Co Ltd

Chartered Accountants

& Tax Consultants

1 School Lane

Wisbech

Cambridgeshire

PE13 1AW

Date: .............................................