Whitstone's (Norton Hill) Limited - Limited company - abbreviated

REGISTERED NUMBER: 08111862 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

WHITSTONE'S (NORTON HILL) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M J Swain

Mrs N C Swain

L Swain

Mrs E L Swain

REGISTERED OFFICE:

18 High West Street

Dorchester

Dorset

DT1 1UW

REGISTERED NUMBER:

08111862 (England and Wales)

ACCOUNTANTS:

Pugsley Revill

18 High West Street

Dorchester

Dorset

DT1 1UW

FIXED ASSETS

Tangible assets

2

41,839

43,849

CURRENT ASSETS

Stocks

11,970

9,970

Debtors

62,843

31,371

Cash at bank and in hand

32,759

32,516

107,572

73,857

CREDITORS

Amounts falling due within one year

3

123,471

114,996

NET CURRENT LIABILITIES

(15,899

)

(41,139

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,940

2,710

PROVISIONS FOR LIABILITIES

3,063

2,590

NET ASSETS

22,877

120

CAPITAL AND RESERVES

Called up share capital

4

80

60

Profit and loss account

22,797

60

SHAREHOLDERS' FUNDS

22,877

120

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 directors acknowledge their 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 Board of Directors on 8 January 2015 and were signed on its
behalf by:

M J Swain - Director

Mrs N C Swain - Director

L Swain - Director

Mrs E L Swain - 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.

Tenants improvements

-

over the term of the lease

Equipment

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Office equipment

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

48,469

Additions

5,900

At 31 May 2014

54,369

DEPRECIATION

At 1 June 2013

4,620

Charge for year

7,910

At 31 May 2014

12,530

NET BOOK VALUE

At 31 May 2014

41,839

At 31 May 2013

43,849

3.

CREDITORS

Creditors include an amount of £ 17,021 (2013 - £ 26,569 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

40

Ordinary

£1

40

20

Ordinary 'A'

£1

20

Ordinary 'B'

£1

20

-

(2013 - NIL)

80

60

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

20

Ordinary 'B'

£1

20

-

(2013 - NIL)

The following shares were issued during the year for cash at par :

20 Ordinary 'B' shares of £1

5.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the year ended 31 May 2014 and the

period ended 31 May 2013:

2014

2013

£

M J Swain and Mrs N C Swain

Balance outstanding at start of year

8,316

-

Amounts advanced

46,372

10,992

Amounts repaid

(54,688

)

(2,676

)

Balance outstanding at end of year

-

8,316

Whitstone's (Norton Hill) Limited - Limited company - abbreviated - 11.6

Whitstone's (Norton Hill) Limited - Limited company - abbreviated - 11.6