Henry and Banwell Limited - Period Ending 2015-09-30
Henry and Banwell Limited - Period Ending 2015-09-30
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Henry and Banwell Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Henry and Banwell Limited
for the Year Ended 30 September 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Henry and Banwell Limited for the year ended 30 September 2015 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Henry and Banwell Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Henry and Banwell Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Henry and Banwell Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Henry and Banwell Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Henry and Banwell Limited. You consider that Henry and Banwell Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Henry and Banwell Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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28 May 2016
Henry and Banwell Limited
(Registration number: 04534650)
Abbreviated Balance Sheet at 30 September 2015
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2015
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2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
2
Henry and Banwell Limited
(Registration number: 04534650)
Abbreviated Balance Sheet at 30 September 2015
......... continued
.........................................
M P Winkelmann
Director
3
Henry and Banwell Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
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:
Asset class |
Depreciation method and rate |
Office equipment |
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Motorcycle |
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Work in progress
Financial instruments
Henry and Banwell Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 October 2014 |
120,000 |
300,019 |
420,019 |
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Additions |
- |
696 |
696 |
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At 30 September 2015 |
120,000 |
300,715 |
420,715 |
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Depreciation |
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At 1 October 2014 |
54,000 |
23,731 |
77,731 |
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Charge for the year |
6,000 |
3,755 |
9,755 |
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At 30 September 2015 |
60,000 |
27,486 |
87,486 |
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Net book value |
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At 30 September 2015 |
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At 30 September 2014 |
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Creditors |
Included in the creditors are the following amounts due after more than five years:
2015
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2014
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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