Accounts filed on 31-01-2016

Accounts filed on 31-01-2016

E.BAILEY & SON (FOOTWEAR) LIMITED - Company Information

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2015-02-012016-01-3100461324falsetruehttp://www.companieshouse.gov.uk/cd:Director12015-02-012016-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-02-012016-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12016-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-01-31http://www.companieshouse.gov.uk/2014-02-012015-01-31http://www.companieshouse.gov.uk/2015-02-012016-01-31http://www.companieshouse.gov.uk/2015-01-31http://www.companieshouse.gov.uk/pt:InvestmentProperties2015-01-31http://www.companieshouse.gov.uk/2016-01-31http://www.companieshouse.gov.uk/pt:InvestmentProperties2016-01-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2015-02-012016-01-31http://www.companieshouse.gov.uk/2015-01-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 00461324
E Bailey & Son (Footwear) Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/01/2016
Prepared By:
Gould & Mansford
Chartered Accountants
PO Box 151
Market Place
Wantage
Oxon
OX12 9ZN

E Bailey & Son (Footwear) Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/01/2016
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 00461324

E Bailey & Son (Footwear) Ltd
Registered Number: 00461324
BALANCE SHEET AT 31/01/2016
20162015
Notes££
FIXED ASSETS
Tangible assets2670,000670,000
CURRENT ASSETS
Cash at bank and in hand26,81020,750
26,81020,750
CREDITORS: Amounts falling due within one year29,71929,410
NET CURRENT LIABILITIES(2,909)(8,660)
TOTAL ASSETS LESS CURRENT LIABILITIES667,091661,340
PROVISIONS FOR LIABILITIES7,7817,781
NET ASSETS659,310653,559
CAPITAL AND RESERVES
Called up share capital38,8508,850
Profit and loss account650,460644,709
SHAREHOLDERS' FUNDS659,310653,559
For the year ending 31/01/2016 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 23/03/2016 and signed on their behalf by
M Bailey
Director

E Bailey & Son (Footwear) Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2016
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1f. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 4).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.

E Bailey & Son (Footwear) Ltd
2. TANGIBLE FIXED ASSETS
Investment
PropertiesTotal
££
Cost
At 01/02/2015670,000670,000
At 31/01/2016670,000670,000
Depreciation
At 31/01/2016--
Net Book Amounts
At 31/01/2016670,000670,000
At 31/01/2015670,000670,000
3. SHARE CAPITAL 20162015
££
Allotted, issued and fully paid:
8850 Ordinary shares of £1.00 each88508850
8,8508,850
4. REVALUATION RESERVE 20162015
££
Revaluation reserve-(232,991)
Revaluation reserve-232,991
In accordance with the provisions of FRS 102 the revaluation of the Investment Properties held by the company has been transferred to Profit & Loss Account as a non-distributable item. The amount of tax payable by the company in the event of a sale of the properties has been charged to Profit & Loss Account and carried forward as Deferred Corporation Tax.
5. CONTROLLING PARTY
The Director is the controlling shareholder of the company.