E. Conway & Sons (Timber Sales) Limited - Limited company - abbreviated - 11.6

E. Conway & Sons (Timber Sales) Limited - Limited company - abbreviated - 11.6

E. CONWAY & SONS (TIMBER SALES) LIMITED - Company Information

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REGISTERED NUMBER: 01077348 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

E. CONWAY & SONS (TIMBER SALES) LIMITED

E. CONWAY & SONS (TIMBER SALES) LIMITED (REGISTERED NUMBER: 01077348)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

E. CONWAY & SONS (TIMBER SALES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2014







DIRECTORS: G.E. Conway
S.B. Conway
M.A. Conway





SECRETARY: G.E. Conway





REGISTERED OFFICE: 85/87 High Street West
Glossop
Derbyshire
SK13 8AZ





REGISTERED NUMBER: 01077348 (England and Wales)





ACCOUNTANTS: Crossfields
Chartered Accountants
85/87 High Street West
Glossop
Derbyshire
SK13 8AZ
Page 1
E. CONWAY & SONS (TIMBER SALES) LIMITED (REGISTERED NUMBER: 01077348)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 365,229 363,902

CURRENT ASSETS
Stocks 93,111 88,925
Debtors 49,698 62,996
Cash at bank and in hand 75,913 76,199
218,722 228,120
CREDITORS
Amounts falling due within one year 202,300 196,632
NET CURRENT ASSETS 16,422 31,488
TOTAL ASSETS LESS CURRENT
LIABILITIES
381,651
395,390

PROVISIONS FOR LIABILITIES 4,971 2,440
NET ASSETS 376,680 392,950

CAPITAL AND RESERVES
Called up share capital 3 2,775 2,775
Profit and loss account 373,905 390,175
SHAREHOLDERS' FUNDS 376,680 392,950

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 21 July 2015 and were signed on its behalf by:




S.B. Conway - Director


The notes form part of these abbreviated accounts

Page 2
E. CONWAY & SONS (TIMBER SALES) LIMITED (REGISTERED NUMBER: 01077348)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014

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.

Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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 November 2013 585,035
Additions 22,372
Disposals (19,760 )
At 31 October 2014 587,647
DEPRECIATION
At 1 November 2013 221,133
Charge for year 17,934
Eliminated on disposal (16,649 )
At 31 October 2014 222,418
NET BOOK VALUE
At 31 October 2014 365,229
At 31 October 2013 363,902

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2,775 Ordinary £1 2,775 2,775

Page 3 continued...
E. CONWAY & SONS (TIMBER SALES) LIMITED (REGISTERED NUMBER: 01077348)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2014

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year dividends were paid to directors as follows :-

G.E.Conway - £24000
S.B.Conway - £16000

Page 4