C A Maddox & Son Limited - Abbreviated accounts 16.1

C A Maddox & Son Limited - Abbreviated accounts 16.1

CA MADDOX & SON LTD - Company Information

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REGISTERED NUMBER: 04186023 (England and Wales)








ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

C A MADDOX & SON LIMITED

C A MADDOX & SON LIMITED (REGISTERED NUMBER: 04186023)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 5

C A MADDOX & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2016







DIRECTORS: S C Maddox
Mrs D A Brown





SECRETARY: Mrs D A Brown





REGISTERED OFFICE: Unit 1
150 Widemarsh Street
Hereford
Herefordshire
HR4 9HN





REGISTERED NUMBER: 04186023 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX
1
C A MADDOX & SON LIMITED (REGISTERED NUMBER: 04186023)

ABBREVIATED BALANCE SHEET
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 13,219 7,378

CURRENT ASSETS
Stocks 1,800 750
Debtors 30,995 35,789
Cash at bank and in hand 45,361 35,464
78,156 72,003
CREDITORS
Amounts falling due within one year 39,550 41,158
NET CURRENT ASSETS 38,606 30,845
TOTAL ASSETS LESS CURRENT
LIABILITIES
51,825
38,223

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 51,725 38,123
SHAREHOLDERS' FUNDS 51,825 38,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 6 July 2016 and were signed on its behalf by:





S C Maddox - Director


The notes form part of these abbreviated accounts

2
C A MADDOX & SON LIMITED (REGISTERED NUMBER: 04186023)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 March 2016

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.

Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 19,266
Additions 8,695
Disposals (4,160 )
At 31 March 2016 23,801
DEPRECIATION
At 1 April 2015 11,888
Charge for year 1,918
Eliminated on disposal (3,224 )
At 31 March 2016 10,582
NET BOOK VALUE
At 31 March 2016 13,219
At 31 March 2015 7,378

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1.00 100 100

3
C A MADDOX & SON LIMITED (REGISTERED NUMBER: 04186023)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 March 2016

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There was no ultimate controlling party during the year.

The following loans from directors subsisted during the year ended 31 March 2016.

£

S C Maddox
Balance outstanding at start of year 8,503
Balance outstanding at end of year 7,217
Maximum balance outstanding during the year 8,503

Mrs D M Brown
Balance outstanding at start of year 26
Balance outstanding at end of year 26
Maximum balance outstanding during the year 26

There are no specified terms of repayment and no interest is charged.

The company rents its business premises from C A Maddox and S C Maddox (director) at an annual rent of £2,500
(2015:£2,500). £1,250 was payable to each of them.

Dividends were paid during the year as follows:

2016

S C Maddox 16,237
Mrs D M Brown 9,267

4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
C A MADDOX & SON LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited
financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of C A Maddox & Son Limited for the year ended 31 March 2016 which comprise the Profit and Loss Account, the
Balance Sheet and the related notes 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 C A Maddox & Son Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C A Maddox & Son Limited and state those matters that we have agreed to state to the Board of Directors of C A Maddox & Son Limited, 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that C A Maddox & Son Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C A Maddox & Son Limited. You consider that C A Maddox & Son 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 financial statements of C A Maddox & Son 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 financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


6 July 2016

This page does not form part of the abbreviated accounts

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