Company Registration No. 04247389 (England and Wales)
WALK OVER SHOES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
WALK OVER SHOES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
WALK OVER SHOES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2014
30 September 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
447
596
Investments
2
11,454
11,454
11,901
12,050
Current assets
Debtors
163,994
148,662
Cash at bank and in hand
1
1
163,995
148,663
Creditors: amounts falling due within one year
(131,959)
(76,698)
Net current assets
32,036
71,965
Total assets less current liabilities
43,937
84,015
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
43,837
83,915
Shareholders' funds
43,937
84,015
For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 23 June 2015
C. J. E. Murray
Director
Company Registration No. 04247389
WALK OVER SHOES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
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
Turnover
Turnover represents amounts receivable for services net of VAT .
1.3
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:
Fixtures, fittings & equipment
25% reducing balance
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 October 2013 & at 30 September 2014
11,278
11,454
22,732
Depreciation
At 1 October 2013
10,682
-
10,682
Charge for the year
149
-
149
At 30 September 2014
10,831
-
10,831
Net book value
At 30 September 2014
447
11,454
11,901
At 30 September 2013
596
11,454
12,050
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
WALK OVER SHOES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 3 -
4
Related party relationships and transactions
Loans to directors
The following directors had interest free loans during the year. The movement on these loans are as follows:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Directors
3.63
127,116
184,870
4,781
(174,576)
142,191
127,116
184,870
4,781
(174,576)
142,191