C.J. Lewis (Ashby) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00401411 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

C.J. Lewis (Ashby) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D.A. Lissaman

Mrs K.L. Robinson

Mrs E. Allsopp

SECRETARY:

Mrs K.L. Robinson

REGISTERED OFFICE:

Mill Lane

Ashby De La Zouch

Leicestershire

LE65 1HP

REGISTERED NUMBER:

00401411 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

Chestnut Field House

Chestnut Field

Rugby

Warwickshire

CV21 2PD

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

108,016

115,047

108,016

115,047

CURRENT ASSETS

Stocks

1,182

1,304

Debtors

7,851

15,170

Cash at bank and in hand

5,136

6,888

14,169

23,362

CREDITORS

Amounts falling due within one year

18,575

21,083

NET CURRENT (LIABILITIES)/ASSETS

(4,406

)

2,279

TOTAL ASSETS LESS CURRENT
LIABILITIES

103,610

117,326

CREDITORS

Amounts falling due after more than one
year

(12,150

)

(17,550

)

PROVISIONS FOR LIABILITIES

(3,839

)

(5,135

)

NET ASSETS

87,621

94,641

CAPITAL AND RESERVES

Called up share capital

4

1,200

Profit and loss account

86,421

93,441

SHAREHOLDERS' FUNDS

87,621

94,641

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 13 July 2016 and were signed on its behalf by:

Mr D.A. Lissaman - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, has now been fully written

off.

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.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

700

AMORTISATION

At 1 April 2015

and 31 March 2016

700

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

175,137

DEPRECIATION

At 1 April 2015

60,090

Charge for year

7,031

At 31 March 2016

67,121

NET BOOK VALUE

At 31 March 2016

108,016

At 31 March 2015

115,047

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,200

Ordinary

£1

1,200