Legg & Willis Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08048177 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

for

Legg & Willis Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S W Willis

C B B Legg

REGISTERED OFFICE:

c/o Hunts Accountants

The Old Pump House

Oborne Road

Sherborne

Dorset

DT9 3RX

REGISTERED NUMBER:

08048177 (England and Wales)

ACCOUNTANTS:

Hunts Accountants

The Old Pump House

Oborne Road

Sherborne

Dorset

DT9 3RX

FIXED ASSETS

Intangible assets

2

1

1

Tangible assets

3

1,075,211

1,085,786

1,075,212

1,085,787

CURRENT ASSETS

Stocks

9,385

9,125

Debtors

11,835

6,979

Cash at bank and in hand

121,188

171,695

142,408

187,799

CREDITORS

Amounts falling due within one year

158,396

139,927

NET CURRENT (LIABILITIES)/ASSETS

(15,988

)

47,872

TOTAL ASSETS LESS CURRENT LIABILITIES

1,059,224

1,133,659

CREDITORS

Amounts falling due after more than one year

661,566

826,264

NET ASSETS

397,658

307,395

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

397,558

307,295

SHAREHOLDERS' FUNDS

397,658

307,395

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 28 October 2015 and were signed on its behalf by:

C B B Legg - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, 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.

Plant and machinery etc

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

1

NET BOOK VALUE

At 31 July 2015

1

At 31 July 2014

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

1,149,035

Additions

13,153

At 31 July 2015

1,162,188

DEPRECIATION

At 1 August 2014

63,249

Charge for year

23,728

At 31 July 2015

86,977

NET BOOK VALUE

At 31 July 2015

1,075,211

At 31 July 2014

1,085,786

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

£

100

Ordinary

1

100

100