William Tyler & Co., Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00352399 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

WILLIAM TYLER & CO., LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Tyler

A D Tyler

D I Fowler

R C Alexander

D P Alexander

REGISTERED OFFICE:

Tyler House,

58-66 Morley Road

Tonbridge

Kent

TN9 1RA

REGISTERED NUMBER:

00352399 (England and Wales)

ACCOUNTANTS:

Crane & Partners

Chartered Accountants

Leonard House

5 - 7 Newman Road

Bromley

Kent

BR1 1RJ

FIXED ASSETS

Tangible assets

2

-

37

Investments

3

717,274

623,085

Investment property

4

175,852

179,601

893,126

802,723

CURRENT ASSETS

Debtors

884,397

372,333

Cash at bank

724,869

803,843

1,609,266

1,176,176

CREDITORS

Amounts falling due within one year

131,581

76,065

NET CURRENT ASSETS

1,477,685

1,100,111

TOTAL ASSETS LESS CURRENT LIABILITIES

2,370,811

1,902,834

CAPITAL AND RESERVES

Called up share capital

5

500

500

Capital reserve

2,964

2,964

Profit and loss account

2,367,347

1,899,370

SHAREHOLDERS' FUNDS

2,370,811

1,902,834

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 13 October 2015 and were signed on its behalf by:

D I Fowler - 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.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

The directors consider that this accounting policy, which represents a departure from The Companies

Act 2006, is necessary to provide a true and fair view required under the FRSSE. The Companies Act

2006 requires all properties to be depreciated. Depreciation or amortisation is only one of many factors

reflected in the annual valuation and the amount which might otherwise be shown cannot be separately

identified or quantified.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Investments

Fixed asset investments are stated at cost less provision for diminution in value. Current asset

investments are stated at the lower of cost and net realisable value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

656

Disposals

(656

)

At 31 March 2015

-

DEPRECIATION

At 1 April 2014

619

Eliminated on disposal

(619

)

At 31 March 2015

-

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

37

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

623,085

Additions

161,491

Disposals

(67,302

)

At 31 March 2015

717,274

NET BOOK VALUE

At 31 March 2015

717,274

At 31 March 2014

623,085

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2014

179,601

Disposals

(3,749

)

At 31 March 2015

175,852

NET BOOK VALUE

At 31 March 2015

175,852

At 31 March 2014

179,601

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

500

Ordinary

£1

500

500