MARY_ANN_WEEKS_(WALTON)_L - Accounts

MARY ANN WEEKS (WALTON) LIMITED - Company Information

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Company Registration No. 06541782 (England and Wales)

MARY ANN WEEKS (WALTON) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

MARY ANN WEEKS (WALTON) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

MARY ANN WEEKS (WALTON) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

71,504

90,981

Current assets

Stocks

15,000

Debtors

25,768

38,572

Cash at bank and in hand

19,303

60,071

53,572

Creditors: amounts falling due within one year

(97,388)

(68,747)

Net current liabilities

(37,317)

(15,175)

Total assets less current liabilities

34,187

75,806

Creditors: amounts falling due after more than one year

(80,750)

34,187

(4,944)

Capital and reserves

Called up share capital

100

Profit and loss account

34,087

(5,044)

Shareholders' funds

34,187

(4,944)

MARY ANN WEEKS (WALTON) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2014

- 2 -

For the financial year ended 31 July 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 21 January 2015

Mr. J Weeks

Director

Company Registration No. 06541782

MARY ANN WEEKS (WALTON) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

- 3 -

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:

Land and buildings Leasehold

Straight Line over the life of the lease

Plant and machinery

25% Reducing Balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 1 August 2013 & at 31 July 2014

221,602

Depreciation

At 1 August 2013

130,621

Charge for the year

19,477

At 31 July 2014

150,098

Net book value

At 31 July 2014

71,504

At 31 July 2013

90,981

MARY ANN WEEKS (WALTON) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100