REGISTERED NUMBER: 05223259 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2013

for

Greenwood Direct Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

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

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

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