Abbreviated Company Accounts - CWM STORES LTD

Registered Number 06568626

CWM STORES LTD

Abbreviated Accounts

30 April 2014

CWM STORES LTD Registered Number 06568626

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	7,200	9,000
Tangible assets	3	3,829	5,106
		11,029	14,106
Current assets
Stocks		15,200	15,050
Debtors		5,520	5,520
Cash at bank and in hand		7,579	13,118
		28,299	33,688
Creditors: amounts falling due within one year		(15,312)	(10,254)
Net current assets (liabilities)		12,987	23,434
Total assets less current liabilities		24,016	37,540
Total net assets (liabilities)		24,016	37,540
Capital and reserves
Called up share capital		2	2
Profit and loss account		24,014	37,538
Shareholders' funds		24,016	37,540

For the year ending 30 April 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 30 January 2015

And signed on their behalf by:
Mr M Fulford, Director

CWM STORES LTD Registered Number 06568626

Notes to the Abbreviated Accounts for the period ended 30 April 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.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows;

Asset Class Depreciation Method and Rate

Plant and Machinery 25% reducing balance basis
Motor Vehicles 25% reducing balance basis

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows;

Asset Class Amortisation Method and Rate

Goodwill 10% straight line basis

2Intangible fixed assets

	£
Cost
At 1 May 2013	18,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	18,000
Amortisation
At 1 May 2013	9,000
Charge for the year	1,800
On disposals	-
At 30 April 2014	10,800
Net book values
At 30 April 2014	7,200
At 30 April 2013	9,000

3Tangible fixed assets

	£
Cost
At 1 May 2013	11,797
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	11,797
Depreciation
At 1 May 2013	6,691
Charge for the year	1,277
On disposals	-
At 30 April 2014	7,968
Net book values
At 30 April 2014	3,829
At 30 April 2013	5,106