Abbreviated Company Accounts - J.W. WALKER & SONS LIMITED

Abbreviated Company Accounts - J.W. WALKER & SONS LIMITED

J.W. WALKER & SONS LIMITED - Company Information

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Registered Number 01085163

J.W. WALKER & SONS LIMITED

Abbreviated Accounts

30 September 2015

J.W. WALKER & SONS LIMITED Registered Number 01085163

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 67,000 67,000
Tangible assets 3 2,996 2,221
69,996 69,221
Current assets
Stocks 23,024 23,053
Debtors 41,280 53,936
Cash at bank and in hand 101,627 99,058
165,931 176,047
Creditors: amounts falling due within one year (121,937) (96,969)
Net current assets (liabilities) 43,994 79,078
Total assets less current liabilities 113,990 148,299
Creditors: amounts falling due after more than one year (33,538) (60,908)
Total net assets (liabilities) 80,452 87,391
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account 30,452 37,391
Shareholders' funds 80,452 87,391
  • For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 June 2016

And signed on their behalf by:
Mr Sebastian Meakin, Director

J.W. WALKER & SONS LIMITED Registered Number 01085163

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value over their expected useful economic life as follows:

Plant & Machinery - 25% reducing balance basis

Intangible assets amortisation policy
Goodwill is not amortised as in the opinion of the director its value is as stated in the balance sheet.

2Intangible fixed assets
£
Cost
At 1 October 2014 67,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2015 67,000
Amortisation
At 1 October 2014 -
Charge for the year -
On disposals -
At 30 September 2015 -
Net book values
At 30 September 2015 67,000
At 30 September 2014 67,000
3Tangible fixed assets
£
Cost
At 1 October 2014 20,659
Additions 1,774
Disposals -
Revaluations -
Transfers -
At 30 September 2015 22,433
Depreciation
At 1 October 2014 18,438
Charge for the year 999
On disposals -
At 30 September 2015 19,437
Net book values
At 30 September 2015 2,996
At 30 September 2014 2,221