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REGISTERED NUMBER: 06920092 (England and Wales)











Wooden Products Limited

Abbreviated Accounts

For The Year Ended 31 May 2016






Wooden Products Limited (Registered number: 06920092)






Contents of the Abbreviated Accounts
For The Year Ended 31 May 2016




Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Wooden Products Limited (Registered number: 06920092)

Abbreviated Balance Sheet
31 May 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 30,240 70,817

CURRENT ASSETS
Stocks 35,015 36,459
Debtors 40,482 46,837
Cash in hand 2,745 298
78,242 83,594
CREDITORS
Amounts falling due within one year 101,787 140,045
NET CURRENT LIABILITIES (23,545 ) (56,451 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,695

14,366

PROVISIONS FOR LIABILITIES 6,048 14,164
NET ASSETS 647 202

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 646 201
SHAREHOLDERS' FUNDS 647 202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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.

Wooden Products Limited (Registered number: 06920092)

Abbreviated Balance Sheet - continued
31 May 2016


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 28 February 2017 and were signed by:





J Woolhouse - Director


Wooden Products Limited (Registered number: 06920092)

Notes to the Abbreviated Accounts
For The Year Ended 31 May 2016

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 January 2015).

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Going concern
The director considers that the company will continue to operate based on the current financial
information and continued support of its director. On this basis the director considers it appropriate to
prepare the accounts on a going concern basis.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2015 124,312
Additions 7,170
Disposals (64,750 )
At 31 May 2016 66,732
DEPRECIATION
At 1 June 2015 53,495
Charge for year 6,017
Eliminated on disposal (23,020 )
At 31 May 2016 36,492
NET BOOK VALUE
At 31 May 2016 30,240
At 31 May 2015 70,817

Wooden Products Limited (Registered number: 06920092)

Notes to the Abbreviated Accounts - continued
For The Year Ended 31 May 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1