WILLOW LODGE CORPORATE SERVICES LIMITED - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06370001 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2013

FOR

WILLOW LODGE CORPORATE SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

MRS S C BABBINGS

D B BABBINGS

SECRETARY:

MISS L C BABBINGS

REGISTERED OFFICE:

WILLOW LODGE

HALIFAX ROAD

PENISTONE

SHEFFIELD

SOUTH YORKSHIRE

S36 7EY

REGISTERED NUMBER:

06370001 (England and Wales)

ACCOUNTANTS:

SEAMAN HERBERT & CO

36 - 40 DONCASTER ROAD

BARNSLEY

SOUTH YORKSHIRE

S701TL

FIXED ASSETS

Tangible assets

2

5,569

6,187

CURRENT ASSETS

Debtors

91,484

78,091

Cash at bank and in hand

1,459

648

92,943

78,739

CREDITORS

Amounts falling due within one year

3

76,731

77,581

NET CURRENT ASSETS

16,212

1,158

TOTAL ASSETS LESS CURRENT LIABILITIES

21,781

7,345

CREDITORS

Amounts falling due after more than one year

3

31,839

40,834

NET LIABILITIES

(10,058

)

(33,489

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(10,060

)

(33,491

)

SHAREHOLDERS' FUNDS

(10,058

)

(33,489

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 22 August 2014 and were signed on its behalf by:

MRS S C BABBINGS - Director

D B BABBINGS - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Though the Balance Sheet at the period end discloses an insolvent position, the directors have confirmed their

continued support to the company and will not withdraw their loans from it until the cash flow permits.

Additionally, the company has received and continues to receive financial assistance from related parties. It is

believed that the company will be able to maintain positive cash flows in the foreseeable future. As a result, they

have adopted the going concern basis of accounting.

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.

Fixtures and fittings

-

10% on reducing balance

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 December 2012

and 30 November 2013

10,007

DEPRECIATION

At 1 December 2012

3,820

Charge for year

618

At 30 November 2013

4,438

NET BOOK VALUE

At 30 November 2013

5,569

At 30 November 2012

6,187

3.

CREDITORS

Creditors include an amount of £ 41,838 (2012 - £ 50,834 ) for which security has been given.

They also include the following debts falling due in more than five years:

2013

2012

£

£

Repayable by instalments

-

834

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Ordinary

£1

2

2