A. J. Ferguson And Company (Timber) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 00909375 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

A. J. Ferguson And Company (Timber) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

JL Bluett

E Bluett

SECRETARY:

E Bluett

REGISTERED OFFICE:

4-6 Keith Grove

Shepherds Bush

London

W12 9EZ

REGISTERED NUMBER:

00909375 (England and Wales)

ACCOUNTANTS:

R A McLeod and Co

Chartered Accountants

10 Portland Business Centre

Manor House Lane

Datchet

Berkshire

SL3 9EG

FIXED ASSETS

Tangible assets

2

121,932

132,000

CURRENT ASSETS

Stocks

202,217

170,271

Debtors

217,634

183,945

Cash at bank and in hand

146,751

109,039

566,602

463,255

CREDITORS

Amounts falling due within one year

195,482

194,523

NET CURRENT ASSETS

371,120

268,732

TOTAL ASSETS LESS CURRENT
LIABILITIES

493,052

400,732

CREDITORS

Amounts falling due after more than one year

12,870

22,522

NET ASSETS

480,182

378,210

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

479,182

377,210

SHAREHOLDERS' FUNDS

480,182

378,210

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 7 June 2016 and were signed on its behalf by:

JL Bluett - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

4% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are

depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

353,347

Additions

22,014

At 31 December 2015

375,361

DEPRECIATION

At 1 January 2015

221,347

Charge for year

32,082

At 31 December 2015

253,429

NET BOOK VALUE

At 31 December 2015

121,932

At 31 December 2014

132,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1,000

Ordinary

£1

1,000