Lincoln Welding Supplies (Holdings) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08955564

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2015

FOR

LINCOLN WELDING SUPPLIES (HOLDINGS) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M A Thompson

G Toulson

REGISTERED OFFICE:

2nd Floor

1 City Road East

Manchester

M15 4PN

REGISTERED NUMBER:

08955564

ACCOUNTANTS:

KAY JOHNSON GEE LLP

2nd Floor

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Investments

2

677,072

CURRENT ASSETS

Debtors

-

1,739

Cash at bank

8,962

4,393

8,962

6,132

CREDITORS

Amounts falling due within one year

674,972

680,711

NET CURRENT LIABILITIES

(666,010

)

(674,579

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,062

2,493

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

10,962

2,393

SHAREHOLDERS' FUNDS

11,062

2,493

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 16th May 2016 and were signed on its behalf by:

M A 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).

Preparation of consolidated financial statements

The financial statements contain information about Lincoln Welding Supplies (Holdings) Ltd as an individual

company and do not contain consolidated financial information as the parent of a group. The company has

taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial

statements.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Investments

Investments held as fixed assets are shown at cost less provision for impairment.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st January 2015

and 31st December 2015

677,072

NET BOOK VALUE

At 31st December 2015

677,072

At 31st December 2014

677,072

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Lincoln Welding Supplies (Holdings) Ltd

Nature of business: Welding product suppliers

%

Class of shares:

holding

Ordinary

100.00

31.12.15

31.12.14

£

Aggregate capital and reserves

525,850

470,766

Profit for the year/period

163,084

151,502

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The balances on the directors loan accounts at the date of the balance sheet was £ 151,700 (2014-£197,439)