Super Wood Products Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00363627 (England and Wales)

Super Wood Products Limited

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J B Smith

Mr J A Smith

Mrs A C Smith

Mrs S M Smith

REGISTERED OFFICE:

Ormskirk Industrial Park

Old Boundary Way

Ormskirk

Lancashire

L39 2YW

REGISTERED NUMBER:

00363627 (England and Wales)

ACCOUNTANTS:

Advance Chartered Accountants

71/73 Hoghton Street

Southport

Merseyside

PR9 0PR

FIXED ASSETS

Tangible assets

2

1,497,667

1,531,440

CURRENT ASSETS

Debtors

57,201

68,853

Cash at bank

92,609

172,963

149,810

241,816

CREDITORS

Amounts falling due within one year

132,743

89,627

NET CURRENT ASSETS

17,067

152,189

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,514,734

1,683,629

CREDITORS

Amounts falling due after more than one
year

37,874

32,898

NET ASSETS

1,476,860

1,650,731

CAPITAL AND RESERVES

Called up share capital

3

24,750

Profit and loss account

1,452,110

1,625,981

SHAREHOLDERS' FUNDS

1,476,860

1,650,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 5 May 2017 and were signed on its behalf
by:

Mr J B Smith - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, 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.

Long leasehold

-

in accordance with the property

Plant and machinery

-

33% on cost and 25% on cost

Deferred tax

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

balance sheet date.

Investment properties

Investment properties are included at original cost and not market value, whilst the directors recognise

that this is not in accordance with the FRSSE, they consider that the additional cost of providing the

necessary valuations would outweigh the benefit achieved.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

2,402,846

DEPRECIATION

At 1 October 2015

871,406

Charge for year

33,773

At 30 September 2016

905,179

NET BOOK VALUE

At 30 September 2016

1,497,667

At 30 September 2015

1,531,440

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

24,750

Ordinary

£1

24,750

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The total amount of ordinary share dividends paid to directors in the year was £340,000 (2015 -

£230,000) and the total amount of preference share dividends paid to directors in the year was £74 (2015

- £74).