T.L.K. Edwards & Sons Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00848997 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 APRIL 2014 TO 30 SEPTEMBER 2015

FOR

T.L.K. EDWARDS & SONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B T K Edwards

C B K Edwards

SECRETARY:

C B K Edwards

REGISTERED OFFICE:

Sandall House

230 High Street

Herne Bay

Kent

CT6 5AX

REGISTERED NUMBER:

00848997 (England and Wales)

ACCOUNTANTS:

H & E Johnson

Chartered Accountants

Sandall House

230 High Street

Herne Bay

Kent

CT6 5AX

FIXED ASSETS

Tangible assets

2

14,819

319,760

CURRENT ASSETS

Stocks

25,235

34,963

Debtors

372,085

489,486

Cash at bank and in hand

23,062

43,785

420,382

568,234

CREDITORS

Amounts falling due within one year

245,075

98,559

NET CURRENT ASSETS

175,307

469,675

TOTAL ASSETS LESS CURRENT
LIABILITIES

190,126

789,435

CREDITORS

Amounts falling due after more than one year

(13,511

)

(17,200

)

PROVISIONS FOR LIABILITIES

(667

)

(1,447

)

NET ASSETS

175,948

770,788

CAPITAL AND RESERVES

Called up share capital

3

25,000

Revaluation reserve

-

331,855

Profit and loss account

150,948

413,933

SHAREHOLDERS' FUNDS

175,948

770,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 30 June 2016 and were signed on its behalf by:

C B K Edwards - 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 represents net invoiced sales of goods, 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.

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

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.

Deferred tax

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

sheet date.

Pledge interest

Interest is recognised on an accruals basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

417,121

Additions

846

Disposals

(340,000

)

At 30 September 2015

77,967

DEPRECIATION

At 1 April 2014

97,361

Charge for period

4,941

Eliminated on disposal

(39,154

)

At 30 September 2015

63,148

NET BOOK VALUE

At 30 September 2015

14,819

At 31 March 2014

319,760

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

25,000

Ordinary

£1

25,000

4.	ULTIMATE PARENT COMPANY

Kelsall Group Limited is regarded by the directors as being the company's ultimate parent company.