T G Clarkson & Son Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05634823 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2015

for

T G Clarkson & Son Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr P G Clarkson

REGISTERED OFFICE:

17-19 Park Street

Lytham

Lancashire

FY8 5LU

REGISTERED NUMBER:

05634823 (England and Wales)

ACCOUNTANTS:

Ashworth Treasure Limited

Chartered Accountants

17-19 Park Street

Lytham

Lancashire

FY8 5LU

FIXED ASSETS

Intangible assets

2

175,000

192,500

Tangible assets

3

23,616

21,968

198,616

214,468

CURRENT ASSETS

Stocks

58,770

77,367

Debtors

220,585

177,845

Cash at bank

444,126

329,627

723,481

584,839

CREDITORS

Amounts falling due within one year

97,721

58,361

NET CURRENT ASSETS

625,760

526,478

TOTAL ASSETS LESS CURRENT
LIABILITIES

824,376

740,946

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

823,376

739,946

SHAREHOLDERS' FUNDS

824,376

740,946

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 director acknowledges his 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 director on 3 August 2016 and were signed by:

Mr P G Clarkson - 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 in 2005, is being amortised evenly over its estimated useful life of twenty years.

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 etc

-

25% on cost and 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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

350,000

AMORTISATION

At 1 January 2015

157,500

Amortisation for year

17,500

At 31 December 2015

175,000

NET BOOK VALUE

At 31 December 2015

175,000

At 31 December 2014

192,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

96,780

Additions

10,973

At 31 December 2015

107,753

DEPRECIATION

At 1 January 2015

74,812

Charge for year

9,325

At 31 December 2015

84,137

NET BOOK VALUE

At 31 December 2015

23,616

At 31 December 2014

21,968

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

£1

1,000