Whiteway Publications Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 01655807 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

WHITEWAY PUBLICATIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A N Whiteway

M Mostyn

SECRETARY:

M Mostyn

REGISTERED OFFICE:

Unit 25 Victoria Industrial Estate

Victoria Road

London

W3 6UU

REGISTERED NUMBER:

01655807 (England and Wales)

ACCOUNTANTS:

Pethericks & Gillard Limited

Chartered Accountants

124 High Street

Midsomer Norton

Bath

BA3 2DA

FIXED ASSETS

Tangible assets

2

84,638

90,589

CURRENT ASSETS

Stocks

555,719

613,919

Debtors

2,098,927

950,364

Cash at bank

730,265

1,505,884

3,384,911

3,070,167

CREDITORS

Amounts falling due within one year

665,900

458,245

NET CURRENT ASSETS

2,719,011

2,611,922

TOTAL ASSETS LESS CURRENT LIABILITIES

2,803,649

2,702,511

PROVISIONS FOR LIABILITIES

6,940

9,768

NET ASSETS

2,796,709

2,692,743

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

2,796,609

2,692,643

SHAREHOLDERS' FUNDS

2,796,709

2,692,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 29 July 2014 and were signed on its behalf by:

A N Whiteway - Director

1.	ACCOUNTING POLICIES

Basis of preparation of accounts.

The financial statements are prepared under the historical cost convention and incorporate the results of the

principal activity which is described in the directors report and which is continuing.

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 :

Improvements to property - in accordance with the property over 5 years on a straight line basis

Motor vehicles - 25% on a straight line basis

Plant and equipment - 20% and 25% on a straight line basis

The leasehold property expenditure being fully depreciated has been written off in the year.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor, are charged to the profit and loss account as incurred.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

351,665

Additions

34,426

Disposals

(105,659

)

At 31 December 2013

280,432

DEPRECIATION

At 1 January 2013

261,076

Charge for year

40,034

Eliminated on disposal

(105,316

)

At 31 December 2013

195,794

NET BOOK VALUE

At 31 December 2013

84,638

At 31 December 2012

90,589

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100