Abbreviated Company Accounts - WORBOYS AND JOHNSTON LIMITED

WORBOYS AND JOHNSTON LIMITED - Company Information

03145283 WORBOYS AND JOHNSTON LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 03145283 2014-03-01 2015-02-28 03145283 2015-02-28 03145283 2014-02-28 03145283 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 03145283 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:Director3 2014-03-01 2015-02-28 uk-gaap-cd-bus:Director3 2015-02-28 uk-gaap-cd-bus:Director3 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 03145283

WORBOYS AND JOHNSTON LIMITED

Abbreviated Accounts

28 February 2015

WORBOYS AND JOHNSTON LIMITED Registered Number 03145283

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	609,989	617,827
		609,989	617,827
Current assets
Stocks		111,964	106,018
Debtors		38,213	18,792
Cash at bank and in hand		127	1,734
		150,304	126,544
Creditors: amounts falling due within one year	3	(125,412)	(104,516)
Net current assets (liabilities)		24,892	22,028
Total assets less current liabilities		634,881	639,855
Creditors: amounts falling due after more than one year	3	(50,418)	(70,994)
Provisions for liabilities		(694)	(1,003)
Total net assets (liabilities)		583,769	567,858
Capital and reserves
Called up share capital	4	411,001	411,001
Profit and loss account		172,768	156,857
Shareholders' funds		583,769	567,858

For the year ending 28 February 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 September 2015

And signed on their behalf by:
N. V. Worboys, Director

WORBOYS AND JOHNSTON LIMITED Registered Number 03145283

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land & buildings - in accordance with the property
Plant and machinery etc. - 25% on reducing balance

Other accounting policies
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.

2Tangible fixed assets

	£
Cost
At 1 March 2014	708,687
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	708,687
Depreciation
At 1 March 2014	90,860
Charge for the year	7,838
On disposals	-
At 28 February 2015	98,698
Net book values
At 28 February 2015	609,989
At 28 February 2014	617,827

3Creditors

	2015 £	2014 £
Secured Debts	71,523	90,367
Instalment debts due after 5 years	25,931	30,914

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
411,001 Ordinary shares of £1 each	411,001	411,001

5Transactions with directors

Name of director receiving advance or credit:	N. V. Worboys
Description of the transaction:	Loan
Balance at 1 March 2014:	£ 0
Advances or credits made:	£ 21,928
Advances or credits repaid:	-
Balance at 28 February 2015:	£ 21,928

The loan balance has been repaid to the company since the year end.