Company Registration No. 06241348 (England and Wales)
SUPPLYWORKS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
SUPPLYWORKS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SUPPLYWORKS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,312
1,072
Current assets
Debtors
10,214
18,090
Cash at bank and in hand
94,154
83,992
104,368
102,082
Creditors: amounts falling due within one year
(12,819)
(22,201)
Net current assets
91,549
79,881
Total assets less current liabilities
92,861
80,953
Provisions for liabilities
(258)
(214)
92,603
80,739
Capital and reserves
Called up share capital
3
10
10
Profit and loss account
92,593
80,729
Shareholders' funds
92,603
80,739
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 14 December 2015
B L Hartley
Director
Company Registration No. 06241348
SUPPLYWORKS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
33.3% per annum of cost
Fixtures, fittings & equipment
10% per annum of cost
1.5
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
SUPPLYWORKS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
8,232
Additions
495
At 31 March 2015
8,727
Depreciation
At 1 April 2014
7,160
Charge for the year
255
At 31 March 2015
7,415
Net book value
At 31 March 2015
1,312
At 31 March 2014
1,072
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
10 Ordinary Shares of £1 each
10
10