HOWARTH_LIMITED_T_A_NEWTO - Accounts

HOWARTH LIMITED - Company Information

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Company Registration No. 03480883 (England and Wales)

HOWARTH LIMITED T/A NEWTON PRESS

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

HOWARTH LIMITED T/A NEWTON PRESS

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

HOWARTH LIMITED T/A NEWTON PRESS

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2014

Notes

Fixed assets

Tangible assets

542,951

581,937

Current assets

Stocks

2,250

Debtors

457,562

121,402

Cash at bank and in hand

125

459,812

123,777

Creditors: amounts falling due within one year

(316,485)

(408,590)

Net current assets/(liabilities)

143,327

(284,813)

Total assets less current liabilities

686,278

297,124

Creditors: amounts falling due after more than one year

(357,805)

(22,565)

Provisions for liabilities

(41,680)

(34,326)

286,793

240,233

Capital and reserves

Called up share capital

831

Profit and loss account

285,962

239,402

Shareholders' funds

286,793

240,233

HOWARTH LIMITED T/A NEWTON PRESS

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 April 2016

Raymond Howarth

Director

Company Registration No. 03480883

HOWARTH LIMITED T/A NEWTON PRESS

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Land and buildings Leasehold 4%

Plant and machinery

Straight line 10%

Fixed assets

Tangible assets

Cost

At 1 January 2015

289,211

Additions

332,137

At 31 March 2016

621,348

Depreciation

At 1 January 2015

50,774

Charge for the year

27,623

At 31 March 2016

78,397

Net book value

At 31 March 2016

542,951

At 31 December 2014

581,937

HOWARTH LIMITED T/A NEWTON PRESS

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Share capital

2016

2014

Allotted, called up and fully paid

750 Ordinary of £1 each

750

81 B Ordinary of £1 each

831