Gwythers (Tenbury Wells) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02462030 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

FOR

GWYTHERS (TENBURY WELLS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R.H Gwyther

R J Gardiner

P G Gardiner

SECRETARY:

R.H Gwyther

REGISTERED OFFICE:

15 Broad Street

Knighton

Powys

LD7 1BL

REGISTERED NUMBER:

02462030 (England and Wales)

ACCOUNTANTS:

Baker & Co.

Chartered Certified Accountants

Arran House

42 Gravel Hill

Ludlow

Shropshire

SY8 1QR

FIXED ASSETS

Tangible assets

2

51,925

53,591

CURRENT ASSETS

Stocks

30,017

33,792

Debtors

3,494

4,710

Cash at bank and in hand

9,442

13,634

42,953

52,136

CREDITORS

Amounts falling due within one year

46,432

35,332

NET CURRENT (LIABILITIES)/ASSETS

(3,479

)

16,804

TOTAL ASSETS LESS CURRENT LIABILITIES

48,446

70,395

CREDITORS

Amounts falling due after more than one year

90,000

90,000

NET LIABILITIES

(41,554

)

(19,605

)

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

(42,554

)

(20,605

)

SHAREHOLDERS' FUNDS

(41,554

)

(19,605

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

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

P G Gardiner - 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.

Freehold property

-

2% on cost

Fixtures and fittings

-

20% on cost

Improvements to rented property - 5% 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

The charge for deferred taxation takes into account taxation deferred as a result of timing differences

between the treatment of certain items for taxation and accounting purposes. In general, deferred

taxation is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date. However, deferred tax assets are recognised only to the extent that the directors

consider that it is more likely than not that they will be recovered against the reversal of deferred tax

liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at

the average tax rates that would apply when the timing differences are expected to reverse, based on

tax rates and laws that have been enacted by the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

and 31 January 2015

117,947

DEPRECIATION

At 1 February 2014

64,356

Charge for year

1,666

At 31 January 2015

66,022

NET BOOK VALUE

At 31 January 2015

51,925

At 31 January 2014

53,591

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

1

1,000

1,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES