TREVOR_WHARTON_LIMITED - Accounts

TREVOR WHARTON LIMITED - Company Information

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Company Registration No. 03200296 (England and Wales)

TREVOR WHARTON LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

TREVOR WHARTON LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

TREVOR WHARTON LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

33,800

37,250

Current assets

Stocks

59,635

30,370

Debtors

119,218

119,886

Cash at bank and in hand

185,415

117,998

364,268

268,254

Creditors: amounts falling due within one year

(236,026)

(127,505)

Net current assets

128,242

140,749

Total assets less current liabilities

162,042

177,999

Provisions for liabilities

(397)

161,645

177,602

Capital and reserves

Called up share capital

100

Profit and loss account

161,545

177,502

Shareholders' funds

161,645

177,602

For the financial year ended 30 November 2013 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 28 August 2014

Mr T F Wharton

Director

Company Registration No. 03200296

TREVOR WHARTON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

- 2 -

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:

Computer equipment

25% on cost

Fixtures, fittings & equipment

25% on reducing balance

Motor vehicles

25% on cost

Fixed assets

Tangible assets

Cost

At 1 December 2012

55,236

Additions

20,773

Disposals

(25,110)

At 30 November 2013

50,899

Depreciation

At 1 December 2012

17,986

On disposals

(12,556)

Charge for the year

11,669

At 30 November 2013

17,099

Net book value

At 30 November 2013

33,800

At 30 November 2012

37,250

TREVOR WHARTON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2013

- 3 -

Share capital

2013

2012

Allotted, called up and fully paid

100 ordinary of £1 each

100

Control

The ultimate controlling party is the directors who own 100% of the issued share capital.