T & J W Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04749456 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015

FOR

T & J W LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T M Wilkinson

Doctor J E A Wilkinson

SECRETARY:

T M Wilkinson

REGISTERED OFFICE:

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

REGISTERED NUMBER:

04749456 (England and Wales)

ACCOUNTANTS:

Rawlinson Pryde & Partners

Chartered Certified Accountants

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

FIXED ASSETS

Tangible assets

2

149,826

150,974

CURRENT ASSETS

Debtors

4,357

4,677

Cash at bank

9,512

6,406

13,869

11,083

CREDITORS

Amounts falling due within one year

17,829

16,498

NET CURRENT LIABILITIES

(3,960

)

(5,415

)

TOTAL ASSETS LESS CURRENT LIABILITIES

145,866

145,559

CREDITORS

Amounts falling due after more than one year

(144,000

)

(144,000

)

PROVISIONS FOR LIABILITIES

(49

)

(127

)

NET ASSETS

1,817

1,432

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,717

1,332

SHAREHOLDERS' FUNDS

1,817

1,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 27 January 2016 and were signed on its behalf by:

T M Wilkinson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements and accounting convention

The directors consider the use of the going concern basis of accounting appropriate because there are no material

uncertainties related to events or conditions that may cast significant doubt about the ability of the company to

continue as a going concern. The company has the continued support from the directors and the bank. As a

consequence, the directors believe that the company is well placed to manage its risks successfully.

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 rents receivable.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Computer equipment

-

33.33% on cost

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), no depreciation

is provided in respect of improvements to investment properties. This may be a departure from the requirements

of the Companies Act 2006, which requires all properties to be depreciated. In the opinion of the directors this

departure is necessary for the financial statements to give a true and fair view in accordance with applicable

accounting standards, as improvements to investment properties are included in the financial statements at their

open market value.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

165,546

DEPRECIATION

At 1 May 2014

14,572

Charge for year

1,148

At 30 April 2015

15,720

NET BOOK VALUE

At 30 April 2015

149,826

At 30 April 2014

150,974

Included in rent paid is an amount of £9,160 (2014: £9,160) paid to the directors, T M Wilkinson and Doctor J E

A Wilkinson, for the rental of their investment properties (no formal lease term is in place). These properties are

sub-let by the company. Rental income receivable is included in turnover.

Improvements to these investment properties are included in tangible fixed assets at cost. The net book value of

improvements to investment properties amounts to £147,730 (2014: £147,730), comprising cost of £147,730

(2014: £147,730) and related depreciation of £nil (2014: £nil). The improvements to investment properties have

not been included at their open market value at the balance sheet date which is a departure from the Financial

Reporting Standard for Smaller Entities (effective April 2008), as in the directors' opinion, the market value is

not significantly different to cost. No external valuation has been obtained for cost-benefit reasons.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

100

Ordinary

£1

100

100