W.W.Kemp & Son Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00317871 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28 February 2015

for

W.W.Kemp & Son Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M J Kemp

Mrs A J Kemp

SECRETARY:

Mrs A J Kemp

REGISTERED OFFICE:

9 Carlton Court

Westbury-on-Trym

Bristol

BS9 3DF

REGISTERED NUMBER:

00317871 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

2

8,492

4,919

CURRENT ASSETS

Stocks

294,070

284,888

Debtors

56,560

50,817

Cash at bank and in hand

85,241

50,474

435,871

386,179

CREDITORS

Amounts falling due within one year

73,600

47,989

NET CURRENT ASSETS

362,271

338,190

TOTAL ASSETS LESS CURRENT LIABILITIES

370,763

343,109

PROVISIONS FOR LIABILITIES

1,456

579

NET ASSETS

369,307

342,530

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

368,307

341,530

SHAREHOLDERS' FUNDS

369,307

342,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 24 April 2015 and were signed on its behalf by:

M J Kemp - 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.

Short leasehold

-

10% on reducing balance

Improvements to property

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33.33% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

34,426

Additions

5,272

Disposals

(978

)

At 28 February 2015

38,720

DEPRECIATION

At 1 March 2014

29,507

Charge for year

1,699

Eliminated on disposal

(978

)

At 28 February 2015

30,228

NET BOOK VALUE

At 28 February 2015

8,492

At 28 February 2014

4,919

The short leasehold runs for ten years from September 2006.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

1,000

Ordinary

£1

1,000

1,000