L W Metson & Co Limited - Limited company - abbreviated - 11.6

L W Metson & Co Limited - Limited company - abbreviated - 11.6

L.W. METSON & CO LIMITED - Company Information

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REGISTERED NUMBER: 00601480 (England and Wales)
















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

L W METSON & CO LIMITED
T/A
FRENCH AT 48

L W METSON & CO LIMITED (REGISTERED NUMBER: 00601480)
T/A FRENCH AT 48






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 December 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

L W METSON & CO LIMITED
T/A FRENCH AT 48

COMPANY INFORMATION
for the year ended 31 December 2014







DIRECTOR: Miss P French





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 00601480 (England and Wales)





ACCOUNTANTS: Raffingers Stuart
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD
Page 1
L W METSON & CO LIMITED (REGISTERED NUMBER: 00601480)
T/A FRENCH AT 48

ABBREVIATED BALANCE SHEET
31 December 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 840,000 600,000

CURRENT ASSETS
Stocks 150 190
Debtors 4,757 25
Cash at bank 118,727 91,889
123,634 92,104
CREDITORS
Amounts falling due within one year 70,189 55,142
NET CURRENT ASSETS 53,445 36,962
TOTAL ASSETS LESS CURRENT LIABILITIES 893,445 636,962

CAPITAL AND RESERVES
Called up share capital 3 6,500 6,500
Other reserves 789,836 549,836
Profit and loss account 97,109 80,626
SHAREHOLDERS' FUNDS 893,445 636,962

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 11 March 2015 and were signed by:





Miss P French - Director


The notes form part of these abbreviated accounts

Page 2
L W METSON & CO LIMITED (REGISTERED NUMBER: 00601480)
T/A FRENCH AT 48

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 December 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets and in
accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover is the total amount received by the company from the provision of services and sales and is shown net of value added tax.

Investment property
Investment property, which comprises property held for rental, is revalued annually and the aggregate surplus or deficit transferred to the
revaluation reserve except where any deficit is deemed permanent when it is taken to the profit and loss account. No provision is made for
depreciation of investment property.

This departure from the requirements of the Regulations, which require all properties to be depreciated, is in the opinion of the Director,
necessary for the Financial Statements to show a true and fair view in accordance with applicable accounting standards. If this departure had
not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot
reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount which might
otherwise have been shown cannot be separately identified or quantified.

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. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2014 600,000
Revaluations 240,000
At 31 December 2014 840,000
NET BOOK VALUE
At 31 December 2014 840,000
At 31 December 2013 600,000

3. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2014 2013
value: £    £   
6,500 Ordinary £1 6,500 6,500

Page 3