R_E_SHUTTLEWORTH_&_SONS_L - Accounts

R E SHUTTLEWORTH & SONS LTD. - Company Information

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Company Registration No. 4609243 (England and Wales)

R E SHUTTLEWORTH & SONS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

R E SHUTTLEWORTH & SONS LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

2 - 3

Notes to the abbreviated accounts

4 - 5

R E SHUTTLEWORTH & SONS LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF R E SHUTTLEWORTH & SONS LIMITED FOR THE YEAR ENDED 31 JANUARY 2016

- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R E Shuttleworth & Sons Limited for the year ended 31 January 2016 set out on pages 2 to 5 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of R E Shuttleworth & Sons 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 financial statements of R E Shuttleworth & Sons Limited and state those matters that we have agreed to state to the Board of Directors of R E Shuttleworth & Sons 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 R E Shuttleworth & Sons Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that R E Shuttleworth & Sons 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 R E Shuttleworth & Sons Limited. You consider that R E Shuttleworth & Sons 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 R E Shuttleworth & Sons 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.

Moore and Smalley LLP

Chartered Accountants

Kendal House

Murley Moss Business Village

Oxenholme Road

Kendal

LA9 7RL

13 July 2016

R E SHUTTLEWORTH & SONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2016

- 2 -

2016

2015

Notes

Fixed assets

Tangible assets

70,816

84,237

Current assets

Stocks

2,260

2,230

Debtors

46,966

68,372

Cash at bank and in hand

38,749

28,141

87,975

98,743

Creditors: amounts falling due within one year

(145,539)

(162,608)

Net current liabilities

(57,564)

(63,865)

Total assets less current liabilities

13,252

20,372

Creditors: amounts falling due after more than one year

(3,777)

Provisions for liabilities

(10,171)

(12,648)

3,081

3,947

Capital and reserves

Called up share capital

100

Profit and loss account

2,981

3,847

Shareholders' funds

3,081

3,947

R E SHUTTLEWORTH & SONS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JANUARY 2016

- 3 -

For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 July 2016

Mr R E Shuttleworth Snr

Mr R A Shuttleworth

Director

Mr R E Shuttleworth Jnr

Mr M L Shuttleworth

Director

Company Registration No. 4609243

R E SHUTTLEWORTH & SONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts, to the extent that the company has a right to consideration arising from the performance of its contractual arrangements.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

nil

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obselete and slow moving items.

1.7

Deferred taxation

Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the exception that deferred tax assets are recognised only to the extent that the directors consider it more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on the tax rates and laws enacted at the balance sheet date.

R E SHUTTLEWORTH & SONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2016

Accounting policies

(Continued)

- 5 -

1.8

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Fixed assets

Tangible assets

Cost

At 1 February 2015

309,949

Additions

5,000

At 31 January 2016

314,949

Depreciation

At 1 February 2015

225,712

Charge for the year

18,421

At 31 January 2016

244,133

Net book value

At 31 January 2016

70,816

At 31 January 2015

84,237

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100