Abbreviated Company Accounts - G.W.PARKER'S STORES LIMITED

G.W.PARKER'S STORES LIMITED - Company Information

00761895 G.W.PARKER'S STORES LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 00761895 2013-07-01 2014-06-30 00761895 2014-06-30 00761895 2013-06-30 00761895 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 00761895 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:Director3 2013-07-01 2014-06-30 uk-gaap-cd-bus:Director3 2014-06-30 uk-gaap-cd-bus:Director3 2013-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 00761895

G.W.PARKER'S STORES LIMITED

Abbreviated Accounts

30 June 2014

G.W.PARKER'S STORES LIMITED Registered Number 00761895

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	18,454	2,157
		18,454	2,157
Current assets
Stocks		4,937	4,318
Cash at bank and in hand		1,516	1,436
		6,453	5,754
Prepayments and accrued income		2	752
Creditors: amounts falling due within one year		(92,924)	(76,939)
Net current assets (liabilities)		(86,469)	(70,433)
Total assets less current liabilities		(68,015)	(68,276)
Accruals and deferred income		(6,504)	(5,278)
Total net assets (liabilities)		(74,519)	(73,554)
Capital and reserves
Called up share capital	3	1,500	1,500
Profit and loss account		(76,019)	(75,054)
Shareholders' funds		(74,519)	(73,554)

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 March 2015

And signed on their behalf by:
P N PARKER, Director

G.W.PARKER'S STORES LIMITED Registered Number 00761895

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008. A normal going concern basis has been applied as continuing financial support to the company is pledged by the directors.

Turnover policy
Turnover represents net sales of goods , excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation has been provided at the following annual rates in order to write off the assets over their estimated useful lives.
Land and buildings 2% straight line
Plant and machinery 20% reducing balance
Fixtures and fittings 10% reducing balance

Valuation information and policy
Stocks
Stocks are valued at the lower of cost and net realisable value , after making due allowance for obsolete and slow moving items.

2Tangible fixed assets

	£
Cost
At 1 July 2013	5,351
Additions	16,715
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	22,066
Depreciation
At 1 July 2013	3,194
Charge for the year	418
On disposals	-
At 30 June 2014	3,612
Net book values
At 30 June 2014	18,454
At 30 June 2013	2,157

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,500 Ordinary shares of £1 each	1,500	1,500

4Transactions with directors

Name of director receiving advance or credit:	P N Parker and Mrs M L Parker
Description of the transaction:	Directors' Loan Account
Balance at 1 July 2013:	£ 75,880
Advances or credits made:	£ 27,473
Advances or credits repaid:	£ 10,691
Balance at 30 June 2014:	£ 92,662

Included under creditors is the above amount loaned to the company by the directors . There are no terms of repayment or interest charged and the directors have pledged themselves to continue to support the company financially as required.