Westdyke Joinery Ltd. - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC245987 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

WESTDYKE JOINERY LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Paton

REGISTERED OFFICE:

58 Queens Road

Aberdeen

AB15 4YE

REGISTERED NUMBER:

SC245987 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

58 Queens Road

Aberdeen

Grampian

AB15 4YE

FIXED ASSETS

Tangible assets

2

8,303

10,426

CURRENT ASSETS

Stocks

23,695

21,674

Debtors

195

12,025

Cash at bank

6,816

4,800

30,706

38,499

CREDITORS

Amounts falling due within one year

34,185

18,834

NET CURRENT (LIABILITIES)/ASSETS

(3,479

)

19,665

TOTAL ASSETS LESS CURRENT LIABILITIES

4,824

30,091

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

4,724

29,991

SHAREHOLDERS' FUNDS

4,824

30,091

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 1 August 2014 and were signed by:

M Paton - 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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

61,537

Additions

562

At 31 March 2014

62,099

DEPRECIATION

At 1 April 2013

51,111

Charge for year

2,685

At 31 March 2014

53,796

NET BOOK VALUE

At 31 March 2014

8,303

At 31 March 2013

10,426

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

1.00

100

100