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Registration number: 04704143

Nick Rowland Furniture Maker & Joiner Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2013
 

 

Nick Rowland Furniture Maker & Joiner Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Nick Rowland Furniture Maker & Joiner Ltd
(Registration number: 04704143)
Abbreviated Balance Sheet at 31 March 2013

 

Note

   

2013
£

   

2012
£

 

Fixed assets

 

   

   

 

Tangible fixed assets

 

   

9,511

   

9,630

 

Current assets

 

   

   

 

Stocks

 

   

24,031

   

3,500

 

Debtors

 

   

19,884

   

40,306

 

Cash at bank and in hand

 

   

29,582

   

15,144

 

 

   

73,497

   

58,950

 

Creditors: Amounts falling due within one year

 

   

(78,826)

   

(61,879)

 

Net current liabilities

 

   

(5,329)

   

(2,929)

 

Total assets less current liabilities

 

   

4,182

   

6,701

 

Provisions for liabilities

 

   

(898)

   

(701)

 

Net assets

 

   

3,284

   

6,000

 

Capital and reserves

 

   

   

 

Called up share capital

 

3

   

10

   

10

 

Profit and loss account

 

   

3,274

   

5,990

 

Shareholders' funds

 

   

3,284

   

6,000

 

For the year ending 31 March 2013 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 4 December 2013 and signed on its behalf by:

.........................................
Mr N Rowland
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Nick Rowland Furniture Maker & Joiner Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2013
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods to customers.

Depreciation

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% on cost

Fixtures and fittings

25% on cost

Stock and work in progress

Stock and work in progress are 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. 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 enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 

Nick Rowland Furniture Maker & Joiner Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2013
......... continued

2

Fixed assets

 

Tangible assets
£

   

Total
£

 

Cost

 

   

 

At 1 April 2012

 

82,872

   

82,872

 

Additions

 

6,481

   

6,481

 

At 31 March 2013

 

89,353

   

89,353

 

Depreciation

 

   

 

At 1 April 2012

 

73,242

   

73,242

 

Charge for the year

 

6,600

   

6,600

 

At 31 March 2013

 

79,842

   

79,842

 

Net book value

 

   

 

At 31 March 2013

 

9,511

   

9,511

 

At 31 March 2012

 

9,630

   

9,630

 

3

Share capital

Allotted, called up and fully paid shares

 

2013

2012

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

10

   

10

   

10

   

10

 
                         

4

Control

The company is controlled by Mr N Rowland.