NORTH_WEST_COMMODITIES_LI - Accounts

JENKINS TRANSPORT & LOGISTICS LTD - Company Information

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Company Registration No. 02825317 (England and Wales)

NORTH WEST COMMODITIES LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2016

NORTH WEST COMMODITIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NORTH WEST COMMODITIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

292

445

Current assets

Stocks

18,331

21,083

Debtors

8,835

16,618

Cash at bank and in hand

300

1,392

27,466

39,093

Creditors: amounts falling due within one year

(25,619)

(33,598)

Net current assets

1,847

5,495

Total assets less current liabilities

2,139

5,940

Capital and reserves

Called up share capital

Profit and loss account

2,137

5,938

Shareholders' funds

2,139

5,940

For the financial period ended 30 September 2016 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 period 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 15 May 2017

G Jenkins

Director

Company Registration No. 02825317

NORTH WEST COMMODITIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2016

- 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 January 2015).

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:

Plant and machinery

25% reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 30 September 2016

2,500

Depreciation

At 1 April 2015

2,055

Charge for the period

153

At 30 September 2016

2,208

Net book value

At 30 September 2016

292

At 31 March 2015

445

Share capital

2016

2015

Allotted, called up and fully paid

2 ordinary shares of £1 each

NORTH WEST COMMODITIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2016

- 3 -

Control

The ultimate controlling party is G Jenkins (director).