Washroom Washroom Limited - Period Ending 2014-08-31

Registration number: 04179055

Washroom Washroom Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2014
 

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Washroom Washroom Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Registration number: 04179055

Washroom Washroom Limited
Balance Sheet as at 31 August 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			379,453			360,882
Current assets
Stocks					371,652			366,900
Debtors					2,060,792			1,760,391
Cash at bank and in hand					144,498			142,641
					2,576,942			2,269,932
Creditors: Amounts falling due within one year		3			(1,774,982)			(1,502,994)
Net current assets					801,960			766,938
Total assets less current liabilities					1,181,413			1,127,820
Creditors: Amounts falling due after more than one year		3			(117,653)			(90,637)
Net assets					1,063,760			1,037,183
Capital and reserves
Called up share capital		4			600			600
Profit and loss account					1,063,160			1,036,583
Shareholders' funds					1,063,760			1,037,183

For the year ending 31 August 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 5 December 2014 and signed on its behalf by:

M I Read
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Washroom Washroom Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

Asset class	Depreciation method and rate
Plant and machinery	15% Reducing Balance Method
Fixtures and fittings	15% Reducing Balance Method
Computer equipment	33% Straight Line Method
Motor vehicles	25% Straight Line Method and 25% Reducing Balance Method

Research and development

Research and development expenditure is written off as incurred.

Stock and work in progress

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. Work in progress is included in debtors as amounts recoverable on long term contracts.

Deferred tax

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

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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Washroom Washroom Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2013		817,183			817,183
Additions		167,536			167,536
Disposals		(163,662)			(163,662)
At 31 August 2014		821,057			821,057
Depreciation
At 1 September 2013		456,301			456,301
Charge for the year		108,631			108,631
Eliminated on disposals		(123,328)			(123,328)
At 31 August 2014		441,604			441,604
Net book value
At 31 August 2014		379,453			379,453
At 31 August 2013		360,882			360,882

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due within one year		68,212			49,584
Amounts falling due after more than one year		117,653			90,637
Total secured creditors		185,865			140,221

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		600			600			600			600

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