Abbreviated Company Accounts - I D W E LTD

Registered Number 03018504

I D W E LTD

Abbreviated Accounts

31 March 2014

I D W E LTD Registered Number 03018504

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	79,312	78,629
		79,312	78,629
Current assets
Stocks		8,000	93,500
Debtors		489,226	344,341
Cash at bank and in hand		337,810	10,542
		835,036	448,383
Creditors: amounts falling due within one year		(468,408)	(287,333)
Net current assets (liabilities)		366,628	161,050
Total assets less current liabilities		445,940	239,679
Creditors: amounts falling due after more than one year		(251,309)	(55,907)
Total net assets (liabilities)		194,631	183,772
Capital and reserves
Called up share capital		10	10
Profit and loss account		194,621	183,762
Shareholders' funds		194,631	183,772

For the year ending 31 March 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.

Approved by the Board on 18 December 2014

And signed on their behalf by:
Ian Wilford, Director

I D W E LTD Registered Number 03018504

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Plant & Machinery - 15% Reducing Balance
Fixtures & Fittings - 25% Reducing Balance
Motor Vehicles - 25% Reducing Balance
Computer Equipment - 25% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 April 2013	116,463
Additions	19,387
Disposals	(5,090)
Revaluations	-
Transfers	-
At 31 March 2014	130,760
Depreciation
At 1 April 2013	37,834
Charge for the year	17,798
On disposals	(4,184)
At 31 March 2014	51,448
Net book values
At 31 March 2014	79,312
At 31 March 2013	78,629

All fixed assets are initially recorded at cost