Wittswood Flooring Products Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04112251

WITTSWOOD FLOORING PRODUCTS LTD

ABBREVIATED ACCOUNTS

FOR THE PERIOD 1 AUGUST 2013 TO 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Miss H Witts

Miss S Witts

SECRETARY:

Mrs H Witts

REGISTERED OFFICE:

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

REGISTERED NUMBER:

04112251

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Tangible assets

2

4,274

4,274

CURRENT ASSETS

Stocks

38,168

-

Debtors

15,654

-

Cash at bank

423

-

54,245

-

CREDITORS

Amounts falling due within one year

60,607

9,476

NET CURRENT LIABILITIES

(6,362

)

(9,476

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,088

)

(5,202

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(2,090

)

(5,204

)

SHAREHOLDERS' FUNDS

(2,088

)

(5,202

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 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 30 July 2014 and were signed on its behalf by:

Miss H Witts - 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 March 2014

5,915

DEPRECIATION

At 1 August 2013

and 31 March 2014

1,641

NET BOOK VALUE

At 31 March 2014

4,274

At 31 July 2013

4,274

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2