Abbreviated Company Accounts - SOMERSET WOOD RECYCLING LIMITED

SOMERSET WOOD RECYCLING C.I.C. - Company Information

Registered Number 05712405

SOMERSET WOOD RECYCLING LIMITED

Abbreviated Accounts

28 February 2014

SOMERSET WOOD RECYCLING LIMITED Registered Number 05712405

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	32,282	38,415
		32,282	38,415
Current assets
Stocks		2,500	-
Debtors		14,985	10,239
Cash at bank and in hand		27,200	41,114
		44,685	51,353
Creditors: amounts falling due within one year		(34,488)	(40,569)
Net current assets (liabilities)		10,197	10,784
Total assets less current liabilities		42,479	49,199
Creditors: amounts falling due after more than one year		-	(12,154)
Total net assets (liabilities)		42,479	37,045
Reserves
Other reserves		42,479	37,045
Members' funds		42,479	37,045

For the year ending 28 February 2014 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 11 November 2014

And signed on their behalf by:
E Roberts, Director

SOMERSET WOOD RECYCLING LIMITED Registered Number 05712405

Notes to the Abbreviated Accounts for the period ended 28 February 2014

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
and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its
expected useful life, as follows:
Plant and machinery - 15% reducing balance
Fixtures, fittings
and equipment - 33% straight line
Motor vehicles - 25% reducing balance

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 March 2013	74,633
Additions	2,299
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	76,932
Depreciation
At 1 March 2013	36,218
Charge for the year	8,432
On disposals	-
At 28 February 2014	44,650
Net book values
At 28 February 2014	32,282
At 28 February 2013	38,415