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REGISTERED NUMBER: 05223259 (England and Wales)











Abbreviated Unaudited Accounts

for the Year Ended 30 June 2013

for

Greenwood Direct Limited

Greenwood Direct Limited (Registered number: 05223259)






Contents of the Abbreviated Accounts
for the Year Ended 30 June 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Greenwood Direct Limited

Company Information
for the Year Ended 30 June 2013







DIRECTOR: T J Walton





SECRETARY: Mrs B Walton





REGISTERED OFFICE: 20 The Bassetts
Box
CORSHAM
Wiltshire
SN13 8ER





REGISTERED NUMBER: 05223259 (England and Wales)





ACCOUNTANTS: Monahans
Chartered Accountants
14a Forest Gate
Pewsham
Chippenham
Wiltshire
SN15 3RS

Greenwood Direct Limited (Registered number: 05223259)

Abbreviated Balance Sheet
30 June 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 659 1,148

CURRENT ASSETS
Stocks 10,851 14,730
Debtors 9,415 8,973
Cash at bank and in hand 6,574 3,838
26,840 27,541
CREDITORS
Amounts falling due within one year 38,661 27,672
NET CURRENT LIABILITIES (11,821 ) (131 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,162
)
1,017

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account (11,163 ) 1,016
SHAREHOLDERS' FUNDS (11,162 ) 1,017

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 26 March 2014 and were signed by:





T J Walton - Director


Greenwood Direct Limited (Registered number: 05223259)

Notes to the Abbreviated Accounts
for the Year Ended 30 June 2013

1. ACCOUNTING POLICIES

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.

Plant and machinery - 25% on straight line basis
Fixtures and fittings - 25% on straight line basis
Computer equipment - 33% on straight line basis

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2012
and 30 June 2013 17,191
DEPRECIATION
At 1 July 2012 16,043
Charge for year 489
At 30 June 2013 16,532
NET BOOK VALUE
At 30 June 2013 659
At 30 June 2012 1,148

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
1 Ordinary £1 1 1