Webster Thompson Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03228441 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st July 2015

for

Webster Thompson Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr S N W Thompson

SECRETARY:

Mrs F M Thompson

REGISTERED OFFICE:

Unit 6

Carlton Yard

Victoria Road

Farnham

Surrey

GU9 7RD

REGISTERED NUMBER:

03228441 (England and Wales)

ACCOUNTANTS:

Hadley & Co

Chartered Accountants

Adelphi Chambers

30 Hoghton Street

Southport

PR9 0NZ

FIXED ASSETS

Tangible assets

2

4,975

3,784

Investments

3

160,107

210,107

Investment property

4

522,354

515,923

687,436

729,814

CURRENT ASSETS

Stocks

48,005

590,085

Debtors

1,767,265

890,095

Cash at bank

816,500

704,015

2,631,770

2,184,195

CREDITORS

Amounts falling due within one year

1,280,894

937,760

NET CURRENT ASSETS

1,350,876

1,246,435

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,038,312

1,976,249

PROVISIONS FOR LIABILITIES

625

306

NET ASSETS

2,037,687

1,975,943

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

2,037,587

1,975,843

SHAREHOLDERS' FUNDS

2,037,687

1,975,943

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27th April 2016 and were signed by:

Mr S N W Thompson - 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 January 2015).

Turnover

Turnover represents sales of goods as principal and commissions receivable as agent, excluding

value added tax, in respect of contracts completed during the year. Sales to markets outside the

United Kingdom account for 96% of turnover in the year to 31 July 2015.

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

-

25% on reducing balance

Investment fixed assets

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

The other investments consist of long term stock market index linked funds and are stated at the lower

of cost and index related value. Net realisable value is not appropriate as there is no intention to realise

before the full term.

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

Provision is made for deferred taxation using the liability method to take account of timing differences

between the incidence of income and expenditure for taxation and accounting purposes. A deferred

asset is only recognised when it is more likely than not that the asset will be recoverable in the

foreseeable future out of taxable profits from which the underlying timing differences can be deducted.

Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply

when the timing differences are expected to reverse, based on tax rates and laws that have been

enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date or the exchange rate of a related foreign exchange contract where appropriate.

Transactions denominated in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange gains and losses are taken into account in arriving at the

operating profit.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2014

15,260

Additions

2,850

At 31st July 2015

18,110

DEPRECIATION

At 1st August 2014

11,476

Charge for year

1,659

At 31st July 2015

13,135

NET BOOK VALUE

At 31st July 2015

4,975

At 31st July 2014

3,784

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st August 2014

210,107

Disposals

(50,000

)

At 31st July 2015

160,107

NET BOOK VALUE

At 31st July 2015

160,107

At 31st July 2014

210,107

4.	INVESTMENT PROPERTY

Total

£

COST

At 1st August 2014

515,923

Additions

6,431

At 31st July 2015

522,354

NET BOOK VALUE

At 31st July 2015

522,354

At 31st July 2014

515,923

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

100

Ordinary

£1

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £150,000 were declared during the year of which £76,500 was attributable to the

director, Mr.S.N.W.Thompson and £73,500 an associate, Mrs.F.M.Thompson. The company owed the

director £8061 at July 2015 (£12,996 at 31.7.2014) for unpaid dividends.