C.J. HAWORTH (INTERNATIONAL) LIMITED - Limited company accounts 16.1
C.J. HAWORTH (INTERNATIONAL) LIMITED - Limited company accounts 16.1
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2015 |
| FOR |
| C.J. HAWORTH (INTERNATIONAL) LIMITED |
| C.J. HAWORTH (INTERNATIONAL) LIMITED (Registered number: 02847722) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 AUGUST 2015 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| C.J. HAWORTH (INTERNATIONAL) LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 AUGUST 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| C.J. HAWORTH (INTERNATIONAL) LIMITED (Registered number: 02847722) |
| REPORT OF THE DIRECTORS |
| for the Year Ended 31 AUGUST 2015 |
| The directors present their report with the financial statements of the company for the year ended 31 August 2015. |
| DIVIDENDS |
| No interim dividend was paid during the year. The directors recommend a final dividend of £6 per share. |
| The total distribution of dividends for the year ended 31 August 2015 will be £ 6,000 . |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 September 2014 to the date of this |
| report. |
| ON BEHALF OF THE BOARD: |
| C.J. HAWORTH (INTERNATIONAL) LIMITED (Registered number: 02847722) |
| PROFIT AND LOSS ACCOUNT |
| for the Year Ended 31 AUGUST 2015 |
| 31.8.15 | 31.8.14 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT | 3 |
| Interest receivable and similar income |
| 11,076 | 13,969 |
| Interest payable and similar charges |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
| Tax on profit on ordinary activities | 4 |
| PROFIT FOR THE FINANCIAL YEAR |
| C.J. HAWORTH (INTERNATIONAL) LIMITED (Registered number: 02847722) |
| BALANCE SHEET |
| 31 AUGUST 2015 |
| 31.8.15 | 31.8.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Profit and loss account | 11 |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| C.J. HAWORTH (INTERNATIONAL) LIMITED (Registered number: 02847722) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 AUGUST 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 April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| One of the directors is acquiring benefits under the company's pension scheme. |
| 2. | STAFF COSTS |
| 31.8.15 | 31.8.14 |
| £ | £ |
| Wages and salaries |
| Social security costs |
| Other pension costs |
| The average monthly number of employees during the year was as follows: |
| 31.8.15 | 31.8.14 |
| Sales and administration | 5 | 5 |
| C.J. HAWORTH (INTERNATIONAL) LIMITED (Registered number: 02847722) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 AUGUST 2015 |
| 3. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 31.8.15 | 31.8.14 |
| £ | £ |
| Depreciation - owned assets |
| Directors' remuneration |
| 4. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit on ordinary activities for the year was as follows: |
| 31.8.15 | 31.8.14 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Tax on profit on ordinary activities |
| 5. | DIVIDENDS |
| 31.8.15 | 31.8.14 |
| £ | £ |
| Ordinary shares of £1 each |
| Final | 6,000 | 6,000 |
| 6. | TANGIBLE FIXED ASSETS |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2014 |
| Additions |
| At 31 August 2015 |
| DEPRECIATION |
| At 1 September 2014 |
| Charge for year |
| At 31 August 2015 |
| NET BOOK VALUE |
| At 31 August 2015 |
| At 31 August 2014 |
| 7. | STOCKS |
| 31.8.15 | 31.8.14 |
| £ | £ |
| Stocks |
| C.J. HAWORTH (INTERNATIONAL) LIMITED (Registered number: 02847722) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 AUGUST 2015 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.15 | 31.8.14 |
| £ | £ |
| Trade debtors | 67,010 | 37,015 |
| Other debtors | 348 | 398 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.15 | 31.8.14 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.8.15 | 31.8.14 |
| value: | £ | £ |
| Ordinary | £1 |
| 11. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1 September 2014 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 August 2015 |