George Woodall & Sons,Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 00214290 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2015

for

George Woodall & Sons,Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

W V Kobylka

Mrs S Kobylka

SECRETARY:

W V Kobylka

REGISTERED OFFICE:

Lawrence House

James Nicolson Link

Clifton Moor

York

North Yorkshire

YO30 4WG

REGISTERED NUMBER:

00214290 (England and Wales)

ACCOUNTANTS:

David Newton & Co Limited

Chartered Certified Accountants

Lawrence House

James Nicolson Link

Clifton Moor

York

North Yorkshire

YO30 4WG

FIXED ASSETS

Tangible assets

2

15,025

19,313

CURRENT ASSETS

Stocks

33,312

33,311

Debtors

64,733

37,804

Cash at bank and in hand

158

1,337

98,203

72,452

CREDITORS

Amounts falling due within one year

116,238

100,838

NET CURRENT LIABILITIES

(18,035

)

(28,386

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,010

)

(9,073

)

CAPITAL AND RESERVES

Called up share capital

3

1,600

Profit and loss account

(4,610

)

(10,673

)

SHAREHOLDERS' FUNDS

(3,010

)

(9,073

)

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 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 26 May 2016 and were signed on its behalf by:

W V Kobylka - 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).

Turnover

Turnover is the amount derived from ordinary activities and is stated after trade discounts, other sales taxes

and VAT.

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

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

30% on reducing balance

Computer equipment

-

50% on cost and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

43,210

DEPRECIATION

At 1 January 2015

23,897

Charge for year

4,288

At 31 December 2015

28,185

NET BOOK VALUE

At 31 December 2015

15,025

At 31 December 2014

19,313

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

400

Ordinary

£1

400

1,200

Preference

£1

1,200

1,600