C.E.WETHERELL & SONS LIMITED

C.E.WETHERELL & SONS LIMITED

C.E.WETHERELL & SONS LIMITED - Company Information

Print Friendly Version

C.E.WETHERELL & SONS LIMITED

Company Registration Number:
00622243 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2019

Period of accounts

Start date: 01 February 2018

End date: 31 January 2019

C.E.WETHERELL & SONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2019

Balance sheet
Notes

C.E.WETHERELL & SONS LIMITED

Balance sheet

As at 31 January 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 1,308,471 1,170,100
Investments: 4 360,512 382,395
Total fixed assets: 1,668,983 1,552,495
Current assets
Stocks: 275,068 267,488
Debtors:   514,149 514,482
Cash at bank and in hand: 687,572 899,248
Total current assets: 1,476,789 1,681,218
Creditors: amounts falling due within one year:   (220,970) (207,892)
Net current assets (liabilities): 1,255,819 1,473,326
Total assets less current liabilities: 2,924,802 3,025,821
Creditors: amounts falling due after more than one year:   (10,903)
Provision for liabilities: (16,446) (43,116)
Total net assets (liabilities): 2,897,453 2,982,705
Capital and reserves
Called up share capital: 47,455 47,455
Other reserves: 50,245 50,245
Profit and loss account: 2,799,753 2,885,005
Shareholders funds: 2,897,453 2,982,705

The notes form part of these financial statements

C.E.WETHERELL & SONS LIMITED

Balance sheet statements

For the year ending 31 January 2019 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 June 2019
and signed on behalf of the board by:

Name: M L Wetherell
Status: Director

The notes form part of these financial statements

C.E.WETHERELL & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Freehold buildings - 1% straight lineFixtures and equipment - 33.33%/20%/10% straight lineMotor vehicles - 25% reducing balance

C.E.WETHERELL & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2019

2. Employees

2019 2018
Average number of employees during the period 58 53

C.E.WETHERELL & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2019

3. Tangible Assets

Total
Cost £
At 01 February 2018 2,099,070
Additions 225,490
Disposals (13,000)
At 31 January 2019 2,311,560
Depreciation
At 01 February 2018 928,970
Charge for year 84,291
On disposals (10,172)
At 31 January 2019 1,003,089
Net book value
At 31 January 2019 1,308,471
At 31 January 2018 1,170,100

Included within land and buildings are investment properties which were valued by the directors on an open market basis on 31st January 2019 at £270,000 (2018 - £270,000). No depreciation is provided in respect of the properties. On an historical cost basis these would have been included at an original cost of £173,317 (2018 - £173,317).

C.E.WETHERELL & SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2019

4. Fixed investments

Investments2018 - £382,3952019 - £360,512