Registered Number 08868462
WAKEFIELD SOFA & BED CO LTD
Abbreviated Accounts
31 March 2016
Notes | 31/03/2016 | 30/11/2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Stocks |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
|
|
Net current assets (liabilities) |
( |
|
|
Total assets less current liabilities |
|
|
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 3 |
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Turnover is recognised on supply of goods to the customer.
Tangible assets depreciation policy
Motor vehicles: 25% reducing balance
Other accounting policies
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.
Stock
Stock is valued at the lower of cost and net realisable value.
£ | |
---|---|
Cost | |
At 1 December 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 March 2016 |
|
Depreciation | |
At 1 December 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 March 2016 |
|
Net book values | |
At 31 March 2016 | 2,250 |
At 30 November 2014 | 0 |