Westons News Limited - Limited company - abbreviated - 11.0.0

Westons News Limited - Limited company - abbreviated - 11.0.0

JDW (HOLDINGS) LIMITED - Company Information

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REGISTERED NUMBER: 04558642 (England and Wales)















WESTONS NEWS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST OCTOBER 2013






WESTONS NEWS LIMITED (REGISTERED NUMBER: 04558642)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST OCTOBER 2013




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

Chartered Accountants' Report 6

WESTONS NEWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2013







DIRECTOR: Mr J D Williams



SECRETARY: Mrs A S Williams



REGISTERED OFFICE: 216 Newtown Road
Worcester
Worcestershire
WR5 1JF



REGISTERED NUMBER: 04558642 (England and Wales)



ACCOUNTANTS: Ormerod Rutter Limited
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY



BANKERS: The Royal Bank of Scotland plc
5-9 St Nicholas Street
Worcester
WR1 1UR
Page 1
WESTONS NEWS LIMITED (REGISTERED NUMBER: 04558642)

ABBREVIATED BALANCE SHEET
31ST OCTOBER 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 11,250 12,500
Tangible assets 3 5,300 1,952
16,550 14,452

CURRENT ASSETS
Stocks 2,228 2,163
Debtors 4,186 7,594
Cash in hand 459 718
6,873 10,475
CREDITORS
Amounts falling due within one year 4 20,773 21,068
NET CURRENT LIABILITIES (13,900 ) (10,593 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,650
3,859

CREDITORS
Amounts falling due after more than one
year
4
1,762
3,266
NET ASSETS 888 593

CAPITAL AND RESERVES
Called up share capital 5 150 150
Profit and loss account 738 443
SHAREHOLDERS' FUNDS 888 593

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

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

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
WESTONS NEWS LIMITED (REGISTERED NUMBER: 04558642)

ABBREVIATED BALANCE SHEET - continued
31ST OCTOBER 2013


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 24th July 2014 and were signed by:





Mr J D Williams - Director


The notes form part of these abbreviated accounts

Page 3
WESTONS NEWS LIMITED (REGISTERED NUMBER: 04558642)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST OCTOBER 2013

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 sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1st November 2012
and 31st October 2013 25,000
AMORTISATION
At 1st November 2012 12,500
Amortisation for year 1,250
At 31st October 2013 13,750
NET BOOK VALUE

At 31st October 2013 11,250
At 31st October 2012 12,500

Page 4 continued...
WESTONS NEWS LIMITED (REGISTERED NUMBER: 04558642)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st November 2012 10,840
Additions 5,247
At 31st October 2013 16,087
DEPRECIATION
At 1st November 2012 8,888
Charge for year 1,899
At 31st October 2013 10,787
NET BOOK VALUE
At 31st October 2013 5,300
At 31st October 2012 1,952

4. CREDITORS

Creditors include an amount of £ 12,991 (2012 - £ 16,379 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
100 Ordinary A £1 100 100
50 Ordinary B £1 50 50
150 150

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2013 and
31st October 2012:

2013 2012
£    £   
Mr J D Williams
Balance outstanding at start of year 3,945 3,026
Amounts advanced - 3,945
Amounts repaid (3,945 ) (3,026 )
Balance outstanding at end of year - 3,945

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WESTONS NEWS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Westons News Limited for the year ended 31st October 2013 which comprise the Profit and Loss
Account, the Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject
to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Westons News Limited in accordance with our terms of engagement. Our
work has been undertaken solely to prepare for your approval the financial statements of Westons News Limited and
state those matters that we have agreed to state to the director of Westons News Limited in this report in accordance with
AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Westons News Limited has kept adequate accounting records and to prepare statutory
financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Westons News
Limited. You consider that Westons News Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Westons News Limited. For
this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations
you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ormerod Rutter Limited
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY


24th July 2014

This page does not form part of the abbreviated accounts

Page 6