G. W. Containers & Equipment Ltd - Abbreviated accounts 16.1

G. W. Containers & Equipment Ltd - Abbreviated accounts 16.1


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REGISTERED NUMBER: 06393926 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2015

FOR

G. W. CONTAINERS & EQUIPMENT LTD

G. W. CONTAINERS & EQUIPMENT LTD (REGISTERED NUMBER: 06393926)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

G. W. CONTAINERS & EQUIPMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2015







DIRECTORS: G W Witherington
G Witherington





SECRETARY: G Witherington





REGISTERED OFFICE: Ivyhurst
Lower Way
Upper Longdon
Rugeley
Staffordshire
WS15 1QG





REGISTERED NUMBER: 06393926 (England and Wales)

G. W. CONTAINERS & EQUIPMENT LTD (REGISTERED NUMBER: 06393926)

ABBREVIATED BALANCE SHEET
31ST DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 26,190 21,284

CURRENT ASSETS
Stocks 53,433 48,908
Debtors 416,170 164,037
Cash at bank 313,755 326,001
783,358 538,946
CREDITORS
Amounts falling due within one year 516,101 338,603
NET CURRENT ASSETS 267,257 200,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,447

221,627

PROVISIONS FOR LIABILITIES 5,238 4,079
NET ASSETS 288,209 217,548

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 288,109 217,448
SHAREHOLDERS' FUNDS 288,209 217,548

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 26th April 2016 and were signed on its behalf by:




G W Witherington - Director


G. W. CONTAINERS & EQUIPMENT LTD (REGISTERED NUMBER: 06393926)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2015

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 net invoiced sales of goods, excluding value added tax.

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 etc - 25% on reducing balance and 10% on reducing balance

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. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st January 2015 47,812
Additions 13,269
Disposals (3,384 )
At 31st December 2015 57,697
DEPRECIATION
At 1st January 2015 26,528
Charge for year 7,292
Eliminated on disposal (2,313 )
At 31st December 2015 31,507
NET BOOK VALUE
At 31st December 2015 26,190
At 31st December 2014 21,284

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100