REGISTERED NUMBER: |
Wooden Products Limited |
Abbreviated Accounts |
For The Year Ended 31 May 2015 |
REGISTERED NUMBER: |
Wooden Products Limited |
Abbreviated Accounts |
For The Year Ended 31 May 2015 |
Wooden Products Limited (Registered number: 06920092) |
Contents of the Abbreviated Accounts |
For The Year Ended 31 May 2015 |
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 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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 2015 |
The financial statements were approved by the director on |
Wooden Products Limited (Registered number: 06920092) |
Notes to the Abbreviated Accounts |
For The Year Ended 31 May 2015 |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 2014 |
Additions |
At 31 May 2015 |
DEPRECIATION |
At 1 June 2014 |
Charge for year |
At 31 May 2015 |
NET BOOK VALUE |
At 31 May 2015 |
At 31 May 2014 |
Wooden Products Limited (Registered number: 06920092) |
Notes to the Abbreviated Accounts - continued |
For The Year Ended 31 May 2015 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |
4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 May 2015 and |
31 May 2014: |
2015 | 2014 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Balance outstanding at end of year |