Abbreviated Company Accounts - ANGLEWIDE LIMITED

03560117 ANGLEWIDE LIMITED 2014-08-31 false 2013-09-01 2014-08-31 true 03560117 2013-09-01 2014-08-31 03560117 2014-08-31 03560117 2013-08-31 03560117 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 03560117 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number 03560117

ANGLEWIDE LIMITED

Abbreviated Accounts

31 August 2014

ANGLEWIDE LIMITED Registered Number 03560117

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	814	1,002
		814	1,002
Current assets
Stocks		65,000	65,000
Debtors		5,552	13,189
Cash at bank and in hand		6,037	4,466
		76,589	82,655
Creditors: amounts falling due within one year		(91,699)	(105,153)
Net current assets (liabilities)		(15,110)	(22,498)
Total assets less current liabilities		(14,296)	(21,496)
Total net assets (liabilities)		(14,296)	(21,496)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(14,298)	(21,498)
Shareholders' funds		(14,296)	(21,496)

For the year ending 31 August 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 22 May 2015

And signed on their behalf by:
J Rushton, Director

ANGLEWIDE LIMITED Registered Number 03560117

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold Property - 20% straight line
Fixtures & Fittings - 15% reducing balance
Equipment - straight line over 3 years

Other accounting policies
Fixed assets

All fixed assets are initially recorded at cost.

Stocks

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

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 September 2013	16,021
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	16,021
Depreciation
At 1 September 2013	15,019
Charge for the year	188
On disposals	-
At 31 August 2014	15,207
Net book values
At 31 August 2014	814
At 31 August 2013	1,002

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

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2