Welsby Memorials Limited - Limited company - abbreviated - 11.9

WELSBY MEMORIALS LIMITED

Abbreviated Unaudited Accounts

for the Year Ended 30th September 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A P Grassi

A J Grassi

SECRETARY:

A J Grassi

REGISTERED OFFICE:

1 Abbots Quay

Monks Ferry

Birkenhead

Merseyside

CH41 5LH

REGISTERED NUMBER:

05493987 (England and Wales)

ACCOUNTANTS:

The Priory Partnership

Chartered Accountants

1 Abbots Quay

Monks Ferry

Birkenhead

Merseyside

CH41 5LH

FIXED ASSETS

Intangible assets

2

53,199

70,933

Tangible assets

3

525,419

525,740

578,618

596,673

CURRENT ASSETS

Stocks

30,815

52,480

Debtors

22,395

9,949

Cash at bank and in hand

90,031

77,624

143,241

140,053

CREDITORS

Amounts falling due within one year

275,255

268,885

NET CURRENT LIABILITIES

(132,014

)

(128,832

)

TOTAL ASSETS LESS CURRENT LIABILITIES

446,604

467,841

CREDITORS

Amounts falling due after more than one year

(114,000

)

(171,000

)

PROVISIONS FOR LIABILITIES

-

(502

)

NET ASSETS

332,604

296,339

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

332,504

296,239

SHAREHOLDERS' FUNDS

332,604

296,339

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 2nd March 2016 and were signed on its behalf by:

A P Grassi - 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 2008, is being amortised evenly over its estimated useful life of ten 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

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2014

and 30th September 2015

177,337

AMORTISATION

At 1st October 2014

106,404

Amortisation for year

17,734

At 30th September 2015

124,138

NET BOOK VALUE

At 30th September 2015

53,199

At 30th September 2014

70,933

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2014

551,820

Additions

1,516

At 30th September 2015

553,336

DEPRECIATION

At 1st October 2014

26,080

Charge for year

1,837

At 30th September 2015

27,917

NET BOOK VALUE

At 30th September 2015

525,419

At 30th September 2014

525,740

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

95

Ordinary

£1

95

95

5

"A" Ordinary

£1

5

5

100

100