Wood Wise Trading Limited - Limited company - abbreviated - 11.9
Wood Wise Trading Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 28TH FEBRUARY 2015 |
| FOR |
| WOOD WISE TRADING LIMITED |
| WOOD WISE TRADING LIMITED (REGISTERED NUMBER: 05697468) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 28TH FEBRUARY 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| WOOD WISE TRADING LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28TH FEBRUARY 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| WOOD WISE TRADING LIMITED (REGISTERED NUMBER: 05697468) |
| ABBREVIATED BALANCE SHEET |
| 28TH FEBRUARY 2015 |
| 28/2/15 | 28/2/14 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 4 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| WOOD WISE TRADING LIMITED (REGISTERED NUMBER: 05697468) |
| ABBREVIATED BALANCE SHEET - continued |
| 28TH FEBRUARY 2015 |
| The financial statements were approved by the Board of Directors on by: |
| WOOD WISE TRADING LIMITED (REGISTERED NUMBER: 05697468) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 28TH FEBRUARY 2015 |
| 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 |
| The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of |
| Value Added Tax. |
| Goodwill |
| Amortisation 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. This has been written over 2 years. |
| Tangible fixed assets |
| Office equipment | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 where transactions or events have occurred at that date that will result in an obligation to pay more, or |
| a right to pay less or to receive more tax, with the following exceptions: |
| Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed |
| assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent |
| that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no |
| provision is mad where, on the basis of all evidence at the balance sheet date, it is more likely than not that the |
| taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are |
| sold. |
| Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not |
| there will be suitable taxable profits from which the future reversal of the underlying timing differences can be |
| deducted. |
| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in |
| which timing differences reverse, based on tax rates and laws enacted or substantively enacted 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. |
| 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. |
| WOOD WISE TRADING LIMITED (REGISTERED NUMBER: 05697468) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 28TH FEBRUARY 2015 |
| 1. | ACCOUNTING POLICIES - continued |
| Invoice discounting |
| Amounts advanced under an invoice discounting agreement, in which full recourse lies with the lender, are |
| recognised as a liability and included in Creditors: amounts falling due within one year. The related receivables |
| balance continues to be reported separately in trade debtors until the account balances are collected. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st March 2014 |
| and 28th February 2015 |
| AMORTISATION |
| At 1st March 2014 |
| and 28th February 2015 |
| NET BOOK VALUE |
| At 28th February 2015 |
| At 28th February 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st March 2014 |
| and 28th February 2015 |
| DEPRECIATION |
| At 1st March 2014 |
| Charge for year |
| At 28th February 2015 |
| NET BOOK VALUE |
| At 28th February 2015 |
| At 28th February 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28/2/15 | 28/2/14 |
| value: | £ | £ |
| Ordinary | £1 |
| WOOD WISE TRADING LIMITED (REGISTERED NUMBER: 05697468) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 28TH FEBRUARY 2015 |
| 6. | ULTIMATE PARENT COMPANY |
| parent company. |