H M Wainwright Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02575376 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2014

for

H M Wainwright Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr M D Wainwright

Mrs E L Ryan

SECRETARY:

Mr M D Wainwright

REGISTERED OFFICE:

South Anston Service Station

Worksop Road

South Anston

South Yorkshire

S24 5ET

REGISTERED NUMBER:

02575376 (England and Wales)

ACCOUNTANTS:

Trevor Billard and Company Limited

BBIC

Innovation Way

Wilthorpe

Barnsley

South Yorkshire

S75 1JL

BANKERS:

Nat West Bank plc

13 Laughton Road

Dinnington

Sheffield

South Yorkshire

S25 2HA

FIXED ASSETS

Tangible assets

2

476,950

497,166

CURRENT ASSETS

Stocks

75,870

100,456

Debtors

69,403

70,818

Cash at bank

72,433

58,917

217,706

230,191

CREDITORS

Amounts falling due within one year

3

220,149

200,184

NET CURRENT (LIABILITIES)/ASSETS

(2,443

)

30,007

TOTAL ASSETS LESS CURRENT LIABILITIES

474,507

527,173

CREDITORS

Amounts falling due after more than one year

3

(162,820

)

(218,970

)

PROVISIONS FOR LIABILITIES

(22,095

)

(18,121

)

NET ASSETS

289,592

290,082

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

289,492

289,982

SHAREHOLDERS' FUNDS

289,592

290,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 27 February 2015 and were signed on its behalf by:

Mrs E L Ryan - 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, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2.5% on cost

Plant and machinery etc

-

25% on cost, 20% on cost and 10% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

1,087,883

Additions

32,770

Disposals

(33,099

)

At 31 May 2014

1,087,554

DEPRECIATION

At 1 June 2013

590,717

Charge for year

52,114

Eliminated on disposal

(32,227

)

At 31 May 2014

610,604

NET BOOK VALUE

At 31 May 2014

476,950

At 31 May 2013

497,166

3.

CREDITORS

Creditors include an amount of £ 275,544 (2013 - £ 203,569 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

13,292

43,912

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100