Wernink Ltd. - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC408667 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2014

for

Wernink Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs S P Blackburn

REGISTERED OFFICE:

16 Bon Accord Square

Aberdeen

Aberdeenshire

AB11 6DJ

REGISTERED NUMBER:

SC408667 (Scotland)

ACCOUNTANTS:

Grampian Accounting

3 Prospect Place

Arnhall Business Park

Westhill

Aberdeenshire

AB32 6SY

FIXED ASSETS

Tangible assets

2

13,441

13,309

CURRENT ASSETS

Stocks

10,000

7,849

Debtors

61,227

39,813

Cash at bank and in hand

41,303

22,415

112,530

70,077

CREDITORS

Amounts falling due within one year

102,643

60,109

NET CURRENT ASSETS

9,887

9,968

TOTAL ASSETS LESS CURRENT LIABILITIES

23,328

23,277

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

23,327

23,276

SHAREHOLDERS' FUNDS

23,328

23,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 25 June 2015 and were signed by:

Mrs S P Blackburn - 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.

Plant and machinery etc

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

14,643

Additions

3,075

At 31 October 2014

17,718

DEPRECIATION

At 1 November 2013

1,334

Charge for year

2,943

At 31 October 2014

4,277

NET BOOK VALUE

At 31 October 2014

13,441

At 31 October 2013

13,309

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

1

Ordinary

£1

1

1