Cartridge World (Hereford) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04719446 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

for

Cartridge World (Hereford) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H R Pattison-Appleton

Mrs A W Pattison-Appleton

SECRETARY:

H R Pattison-Appleton

REGISTERED OFFICE:

2 Wyevale Business Park

Kings Acre

Hereford

Herefordshire

HR4 7BS

REGISTERED NUMBER:

04719446 (England and Wales)

ACCOUNTANTS:

Thorne Widgery Accountancy Ltd

Chartered Accountants

2 Wyevale Business Park

Kings Acre

Hereford

Herefordshire

HR4 7BS

FIXED ASSETS

Intangible assets

2

1

1

Tangible assets

3

38,504

30,075

38,505

30,076

CURRENT ASSETS

Stocks

70,008

77,177

Debtors

4

45,197

64,768

Cash at bank and in hand

1,938

2,284

117,143

144,229

CREDITORS

Amounts falling due within one year

95,070

68,552

NET CURRENT ASSETS

22,073

75,677

TOTAL ASSETS LESS CURRENT LIABILITIES

60,578

105,753

PROVISIONS FOR LIABILITIES

8,739

7,028

NET ASSETS

51,839

98,725

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

51,838

98,724

SHAREHOLDERS' FUNDS

51,839

98,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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:

H R Pattison-Appleton - 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.

Long leasehold

-

Straight line over 25 years

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

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

at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

Warranty provisions

The company provides a three month warranty on all its products. The warranty provision is

calculated based on the estimated proportion of products returns. Currently this is calculated to be

3% of the previous six week's turnover.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

15,000

AMORTISATION

At 1 May 2013

and 30 April 2014

14,999

NET BOOK VALUE

At 30 April 2014

1

At 30 April 2013

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

88,925

Additions

19,631

At 30 April 2014

108,556

DEPRECIATION

At 1 May 2013

58,850

Charge for year

11,202

At 30 April 2014

70,052

NET BOOK VALUE

At 30 April 2014

38,504

At 30 April 2013

30,075

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 3,000 (30.4.13 - £ 3,000 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

1

Ordinary

£1

1

1