Woolland Equestrian Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07616857 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2014

FOR

WOOLLAND EQUESTRIAN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

W G Robson-Lowe

Mrs P Robson-Lowe

SECRETARY:

T D Sanger

REGISTERED OFFICE:

Woolland House

Woolland

Blandford Forum

Dorset

DT11 0EP

REGISTERED NUMBER:

07616857 (England and Wales)

ACCOUNTANTS:

Andrews and Palmer

32 The Square

Gillingham

Dorset

SP8 4AR

FIXED ASSETS

Tangible assets

2

21,434

25,368

CURRENT ASSETS

Stocks

52,553

37,553

Debtors

1,922

541

Cash at bank

171

220

54,646

38,314

CREDITORS

Amounts falling due within one year

222,375

139,417

NET CURRENT LIABILITIES

(167,729

)

(101,103

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(146,295

)

(75,735

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(146,297

)

(75,737

)

SHAREHOLDERS' FUNDS

(146,295

)

(75,735

)

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 16 December 2014 and were signed on its behalf by:

W G Robson-Lowe - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared on a going concern basis, which assumes that the company will continue in

operational existence for the foreseeable future.

The directors have reviewed the business and position of the company and confirm that they will continue to

provide managerial and operational support to the company for at least 12 months from the date of approval of

these financial statements.

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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

44,065

Additions

3,210

At 30 April 2014

47,275

DEPRECIATION

At 1 May 2013

18,697

Charge for year

7,144

At 30 April 2014

25,841

NET BOOK VALUE

At 30 April 2014

21,434

At 30 April 2013

25,368

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

2

Ordinary

£1

2

2

4.	RELATED PARTY DISCLOSURES

Mr W G & Mrs P Robson-Lowe

Directors

30.4.14

30.4.13

£

£

Amount due to related party at the balance sheet date

210,682

130,441