Wyfold Stud Limited - Limited company - abbreviated

REGISTERED NUMBER: 06505369 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28 February 2014

for

Wyfold Stud Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs J M Williams

Miss P C Williams

J H Williams

SECRETARY:

Miss J Hayward

REGISTERED OFFICE:

Boston House

Henley-on-Thames

RG9 1DY

REGISTERED NUMBER:

06505369 (England and Wales)

ACCOUNTANTS:

Villars Hayward LLP

Chartered Accountants,

Chartered Tax Advisers and Registered Auditors

Boston House

Henley-on-Thames

RG9 1DY

FIXED ASSETS

Tangible assets

2

9,146

17,687

CURRENT ASSETS

Stocks

7,500

Debtors

257

1,239

Cash at bank

442

4,246

8,199

12,985

CREDITORS

Amounts falling due within one year

116,284

105,396

NET CURRENT LIABILITIES

(108,085

)

(92,411

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(98,939

)

(74,724

)

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

(98,942

)

(74,727

)

SHAREHOLDERS' FUNDS

(98,939

)

(74,724

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 26 November 2014 and were signed on its
behalf by:

J H Williams - Director

Miss P C Williams - Director

Mrs J M Williams - 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).

Tangible fixed assets

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

Land and buildings

-

Straight line at 5.00%

Plant and machinery

-

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.

Going concern

At 28 February 2014, the company had net current liabilities of £108.085 (2013 - £92,411), and total net

liabilities of £98,939 (2013 - £74,724). The financial statements have been prepared on the going concern

basis. The applicability of this basis is dependent upon the continued financial support of the directors who

have pledged such support. As a result the directors are therefore of the opinion that the applicability of the

going concern basis is appropriate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

45,273

DEPRECIATION

At 1 March 2013

27,586

Charge for year

8,541

At 28 February 2014

36,127

NET BOOK VALUE

At 28 February 2014

9,146

At 28 February 2013

17,687

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

3

Ordinary

£1

3

Wyfold Stud Limited - Limited company - abbreviated - 11.6

Wyfold Stud Limited - Limited company - abbreviated - 11.6