S. Mannington & Son Limited - Abbreviated accounts 16.1

S. Mannington & Son Limited - Abbreviated accounts 16.1

S. MANNINGTON & SON LIMITED - Company Information

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REGISTERED NUMBER: 00480113















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

S. MANNINGTON & SON LIMITED

S. MANNINGTON & SON LIMITED (REGISTERED NUMBER: 00480113)






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




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

S. MANNINGTON & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTORS: J W Mannington
L R Mannington





SECRETARY: L R Mannington





REGISTERED OFFICE: 17 Hart Street
Maidstone
Kent
ME16 8RA





REGISTERED NUMBER: 00480113





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
17 Hart Street
Maidstone
Kent
ME16 8RA
Page 1
S. MANNINGTON & SON LIMITED (REGISTERED NUMBER: 00480113)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 266,278 293,043

CURRENT ASSETS
Stocks 1,477 1,437
Debtors 9,716 10,447
Cash at bank and in hand 288,062 257,257
299,255 269,141
CREDITORS
Amounts falling due within one year 90,582 113,242
NET CURRENT ASSETS 208,673 155,899
TOTAL ASSETS LESS CURRENT
LIABILITIES
474,951
448,942

PROVISIONS FOR LIABILITIES 18,522 19,215
NET ASSETS 456,429 429,727

CAPITAL AND RESERVES
Called up share capital 3 5,000 5,000
Other reserves 7,700 7,700
Profit and loss account 443,729 417,027
SHAREHOLDERS' FUNDS 456,429 429,727

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 notes form part of these abbreviated accounts

Page 2 continued...
S. MANNINGTON & SON LIMITED (REGISTERED NUMBER: 00480113)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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 5 April 2016 and were signed on its behalf by:





J W Mannington - Director


The notes form part of these abbreviated accounts

Page 3
S. MANNINGTON & SON LIMITED (REGISTERED NUMBER: 00480113)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 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 pitch fees, storage fees and goods sold in the shop, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Buildings and improvements - 15% on reducing balance, 10% on reducing balance and 5% on reducing balance
Fixtures and implements - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance
Tractors and sprayers - 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

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.

Page 4 continued...
S. MANNINGTON & SON LIMITED (REGISTERED NUMBER: 00480113)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 694,155
Additions 9,200
At 31 December 2015 703,355
DEPRECIATION
At 1 January 2015 401,112
Charge for year 35,965
At 31 December 2015 437,077
NET BOOK VALUE
At 31 December 2015 266,278
At 31 December 2014 293,043

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
5,000 Ordinary £1 5,000 5,000

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date J W Mannington was owed £44,811 by the company and L R Mannington owed £19 to
the company.

Page 5