Abbreviated Company Accounts - AFW DEVELOPMENTS LIMITED

AFW DEVELOPMENTS LIMITED - Company Information

NI066968 AFW DEVELOPMENTS LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true NI066968 2013-04-01 2014-03-31 NI066968 2014-03-31 NI066968 2013-03-31 NI066968 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 NI066968 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number NI066968

AFW DEVELOPMENTS LIMITED

Abbreviated Accounts

31 March 2014

AFW DEVELOPMENTS LIMITED Registered Number NI066968

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Current assets
Stocks		313,528	313,528
		313,528	313,528
Creditors: amounts falling due within one year	2	(358,019)	(351,805)
Net current assets (liabilities)		(44,491)	(38,277)
Total assets less current liabilities		(44,491)	(38,277)
Total net assets (liabilities)		(44,491)	(38,277)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(44,493)	(38,279)
Shareholders' funds		(44,491)	(38,277)

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 15 December 2014

And signed on their behalf by:
Allen Walker, Director

AFW DEVELOPMENTS LIMITED Registered Number NI066968

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
Turnover represents total invoiced sales for the accounting period excluding value added tax.

Other accounting policies
Results for the period
Results for the period are stated after writing off revenue costs as incurred.

Stock and short term work in progress
Stock and short term work in progress is valued at the lower of cost and net realisable value after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax
Deferred tax is recognised without discounting, re respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed at the balance sheet date, except as required by the Financial Reporting Standard for Smaller Entities.
Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law applying at the balance sheet date.

2Creditors

	2014 £	2013 £
Secured Debts	152,135	164,704

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2