Company Registration No. 06746100 (England and Wales)
WILLOW WOODLAND PRODUCTS LTD.
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
WILLOW WOODLAND PRODUCTS LTD.
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
WILLOW WOODLAND PRODUCTS LTD.
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2014
30 November 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,991
5,955
Current assets
Stocks
500
500
Debtors
578
984
Cash at bank and in hand
13,040
8,870
14,118
10,354
Creditors: amounts falling due within one year
(15,024)
(13,081)
Net current liabilities
(906)
(2,727)
Total assets less current liabilities
4,085
3,228
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
4,084
3,227
Shareholders' funds
4,085
3,228
For the financial year ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has 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 18 August 2015
Mr W Tate
Director
Company Registration No. 06746100
WILLOW WOODLAND PRODUCTS LTD.
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 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
25% on reducing balance
Motor vehicles
25% on reducing balance
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2013
12,775
Additions
700
At 30 November 2014
13,475
Depreciation
At 1 December 2013
6,820
Charge for the year
1,664
At 30 November 2014
8,484
Net book value
At 30 November 2014
4,991
At 30 November 2013
5,955
WILLOW WOODLAND PRODUCTS LTD.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1 Share capital of £1 each
1
1