Woodlaw Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06304156 (England and Wales)

WOODLAW LIMITED

TRADING AS

D & S CONTRACTORS

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH JUNE 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

Mr S G Wood

Mr D Wood

Ms M Hadland

REGISTERED OFFICE:

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

REGISTERED NUMBER:

06304156 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

Barclays Bank PLC

College Street

Worcester

WR1 2LY

FIXED ASSETS

Tangible assets

2

12,437

16,151

CURRENT ASSETS

Stocks

24,652

30,958

Debtors

208,722

158,787

Cash at bank and in hand

1,619

45,557

234,993

235,302

CREDITORS

Amounts falling due within one year

3

232,571

247,634

NET CURRENT ASSETS/(LIABILITIES)

2,422

(12,332

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,859

3,819

PROVISIONS FOR LIABILITIES

1,580

1,931

NET ASSETS

13,279

1,888

CAPITAL AND RESERVES

Called up share capital

4

100

2

Profit and loss account

13,179

1,886

13,279

1,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2014 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 9th December 2014 and were signed on its behalf by:

Mr S G Wood - Director

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 invoiced sales of goods and services, 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2013

50,483

Additions

1,486

Disposals

(4,450

)

At 30th June 2014

47,519

DEPRECIATION

At 1st July 2013

34,332

Charge for year

4,408

Eliminated on disposal

(3,658

)

At 30th June 2014

35,082

NET BOOK VALUE

At 30th June 2014

12,437

At 30th June 2013

16,151

3.

CREDITORS

Creditors include an amount of £ 3,411 (2013 - £ 3,095 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

NIL (2013 - 2)

Ordinary

£1

-

2

75

Ordinary A

£1

75

-

20

Ordinary B

£1

20

-

5

Ordinary C

£1

5

-

100

2

During the year the company passed a special resolution to restructure its issued share capital through the

conversion of existing Ordinary £1 shares on a 1 to 1 exchange basis into new classes of Ordinary A £1 shares,

Ordinary B £1 shares and Ordinary C £1 shares.

During the year 98 Ordinary £1 shares were issued and fully paid at par.

The following reproduces the text of the report prepared for the directors 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 Woodlaw Limited for the year ended 30th June 2014 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 Board of Directors of Woodlaw Limited, as a body, in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Woodlaw

Limited and state those matters that we have agreed to state to the Board of Directors of Woodlaw Limited, as a body, 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 Board of Directors, as a body, for our

work or for this report.

It is your duty to ensure that Woodlaw 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 Woodlaw Limited. You

consider that Woodlaw 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 Woodlaw 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

9th December 2014