C Twigg And Son Limited - Limited company - abbreviated

REGISTERED NUMBER: 04120135 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 January 2015

for

C Twigg And Son Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S Cheetham

W Codd

P Codd

SECRETARY:

S Cheetham

REGISTERED OFFICE:

Victoria Court

91 Huddersfield Road

Holmfirth

West Yorkshire

HD9 3JA

REGISTERED NUMBER:

04120135 (England and Wales)

ACCOUNTANTS:

Relative Accountancy

Headrow House

19 Old Leeds Road

Huddersfield

West Yorkshire

HD1 1SG

FIXED ASSETS

Intangible assets

2

15,000

17,500

Tangible assets

3

216,711

221,599

231,711

239,099

CURRENT ASSETS

Stocks

3,320

Debtors

29,831

60,599

33,151

63,919

CREDITORS

Amounts falling due within one year

115,977

162,750

NET CURRENT LIABILITIES

(82,826

)

(98,831

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

148,885

140,268

CREDITORS

Amounts falling due after more than one
year

4

162,656

163,467

NET LIABILITIES

(13,771

)

(23,199

)

CAPITAL AND RESERVES

Called up share capital

5

3

Revaluation reserve

62,693

Profit and loss account

(76,467

)

(85,895

)

SHAREHOLDERS' FUNDS

(13,771

)

(23,199

)

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 23 October 2015 and were signed on its behalf by:

S Cheetham - Director

P Codd - Director

W Codd - Director

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

Plant and machinery

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

and 31 January 2015

50,000

AMORTISATION

At 1 February 2014

32,500

Amortisation for year

2,500

At 31 January 2015

35,000

NET BOOK VALUE

At 31 January 2015

15,000

At 31 January 2014

17,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 February 2014

and 31 January 2015

308,828

DEPRECIATION

At 1 February 2014

87,229

Charge for year

4,888

At 31 January 2015

92,117

NET BOOK VALUE

At 31 January 2015

216,711

At 31 January 2014

221,599

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.1.15

31.1.14

£

Repayable by instalments

100,043

100,854

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

3

Ordinary

£1

3

C Twigg And Son Limited - Limited company - abbreviated - 11.9

C Twigg And Son Limited - Limited company - abbreviated - 11.9