REGISTERED NUMBER: 06920092 (England and Wales)

Wooden Products Limited

Abbreviated Accounts

For The Year Ended 31 May 2014

Page

Abbreviated Balance Sheet

1

to

2

Notes to the Abbreviated Accounts

3

to

4

FIXED ASSETS

Tangible assets

2

34,922

38,033

CURRENT ASSETS

Stocks

37,000

36,058

Debtors

60,240

32,285

Cash in hand

659

532

97,899

68,875

CREDITORS

Amounts falling due within one year

124,824

96,727

NET CURRENT LIABILITIES

(26,925

)

(27,852

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,997

10,181

PROVISIONS FOR LIABILITIES

6,393

6,941

NET ASSETS

1,604

3,240

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

1,603

3,239

SHAREHOLDERS' FUNDS

1,604

3,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 16 February 2015 and were signed by:

J Woolhouse - 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 reducing balance

Fixtures and fittings

-

25% 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 2013

71,698

Additions

3,598

At 31 May 2014

75,296

DEPRECIATION

At 1 June 2013

33,665

Charge for year

6,709

At 31 May 2014

40,374

NET BOOK VALUE

At 31 May 2014

34,922

At 31 May 2013

38,033

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2014 and

31 May 2013:

2014

2013

£

£

J Woolhouse

Balance outstanding at start of year

-

-

Amounts advanced

18,314

-

Amounts repaid

(16,052

)

-

Balance outstanding at end of year

2,262

-