Abbreviated Company Accounts - J WALTERS & CO LIMITED

Abbreviated Company Accounts - J WALTERS & CO LIMITED

J WALTERS & CO LIMITED - Company Information

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Registered Number 07822442

J WALTERS & CO LIMITED

Abbreviated Accounts

31 October 2013

J WALTERS & CO LIMITED Registered Number 07822442

Abbreviated Balance Sheet as at 31 October 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 3,552 4,736
3,552 4,736
Current assets
Debtors 71,468 60,728
Cash at bank and in hand 30,143 33,929
101,611 94,657
Creditors: amounts falling due within one year (92,346) (91,134)
Net current assets (liabilities) 9,265 3,523
Total assets less current liabilities 12,817 8,259
Total net assets (liabilities) 12,817 8,259
Capital and reserves
Called up share capital 10 10
Profit and loss account 12,807 8,249
Shareholders' funds 12,817 8,259
  • For the year ending 31 October 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 July 2014

And signed on their behalf by:
James Walters, Director

J WALTERS & CO LIMITED Registered Number 07822442

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each assets over its expected life, as follows:

Fixtures, fitting and equipment- 20% Straight Line

2Tangible fixed assets
£
Cost
At 1 November 2012 5,920
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2013 5,920
Depreciation
At 1 November 2012 1,184
Charge for the year 1,184
On disposals -
At 31 October 2013 2,368
Net book values
At 31 October 2013 3,552
At 31 October 2012 4,736