THE_WHITE_BEAR_LIMITED - Accounts

THE WHITE BEAR LIMITED - Company Information

Print Friendly Version

Company Registration No. 03605177 (England and Wales)

THE WHITE BEAR LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2014

THE WHITE BEAR LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

THE WHITE BEAR LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

66,373

66,547

Current assets

Stocks

25,942

24,851

Debtors

40,150

39,995

Cash at bank and in hand

82,853

72,585

148,945

137,431

Creditors: amounts falling due within one year

(374,974)

(747,773)

Net current liabilities

(226,029)

(610,342)

Total assets less current liabilities

(159,656)

(543,795)

Creditors: amounts falling due after more than one year

(48,115)

(75,438)

Provisions for liabilities

(5,321)

(4,477)

(213,092)

(623,710)

Capital and reserves

Called up share capital

Profit and loss account

(213,094)

(623,712)

Shareholders' funds

(213,092)

(623,710)

THE WHITE BEAR LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MAY 2014

- 2 -

For the financial year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 September 2014

Mr C Adair

Director

Company Registration No. 03605177

THE WHITE BEAR LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Straight line over the life of the lease

Plant and machinery

25% reducing balance

Computer equipment

40% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.5

Leasing

1.6

Stock

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

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.9

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has not exercised the option provided by section 398 of the Companies Act 2006 to prepare group accounts.

THE WHITE BEAR LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2014

- 4 -

Fixed assets

Tangible assets

Cost

At 1 June 2013

318,945

Additions

18,777

At 31 May 2014

337,722

Depreciation

At 1 June 2013

252,398

Charge for the year

18,951

At 31 May 2014

271,349

Net book value

At 31 May 2014

66,373

At 31 May 2013

66,547

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each