2013-05-01
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Private Limited Company
07649072
2014-04-30
07649072
2013-05-01
2014-04-30
07649072
2013-04-30
07649072
2012-05-01
2013-04-30
07649072
uk-bus:Director1
2013-05-01
2014-04-30
iso4217:GBP
For the year ended 30 April 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07649072
2
Outwood Chem Ltd
For the year ended 30 April 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Outwood Chem Ltd
Accountants' Report
For the year ended 30 April 2014
| As described on the balance sheet you are responsible for the preparation of the financial statements for the |
| year ended 30 April 2014 and you consider that the company is exempt from an audit under the Companies |
| Act 2006. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist |
| you to fulfil your statutory responsibilities, from the accounting records and information and explanations |
| supplied to us. |
Vickers Reynolds & Co Ltd
'The Stables'
80 Dudley Road
Lye, Stourbridge
West Midlands
DY9 8EL
1 of 4
4
| Abbreviated Balance Sheet |
Outwood Chem Ltd
2014
2013
2
91,704
91,704
3
6,000
6,000
97,704
97,704
21,035
15,122
41,415
22,611
57,735
41,513
95,468
103,963
| Creditors: amounts falling due within one year |
(182,855)
(117,128)
(78,892)
(21,660)
Net current liabilities
| Total assets less current liabilities |
76,044
18,812
76,044
Net assets
18,812
76,044
18,812
76,044
18,812
Shareholders funds
| For the year ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, |
| 2) 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. |
| Date approved by the board: 05 June 2014 |
| Sundip Singh Gill Director |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
Outwood Chem Ltd
For the year ended 30 April 2014
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the |
| estimated expected useful economic life of the goodwill of 0 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
| Stocks 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 costs and an appropriate proportion of fixed and variable overheads. |
| 2 Intangible fixed assets |
91,704
91,704
91,704
91,704
3 of 4
6
| Notes to the Abbreviated Financial Statements |
Outwood Chem Ltd
For the year ended 30 April 2014
6,000
6,000
6,000
6,000
4 of 4
