J_H_WILSON_(ARNOLD)_LIMIT - Accounts

J.H. WILSON (ARNOLD) LIMITED - Company Information

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Company Registration No. 00971547 (England and Wales)

J H WILSON (ARNOLD) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2015

J H WILSON (ARNOLD) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

J H WILSON (ARNOLD) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

197,129

200,438

Current assets

Debtors

3,504

6,465

Investments

201,162

Cash at bank and in hand

61,978

342,490

266,644

348,955

Creditors: amounts falling due within one year

(92,471)

(63,700)

Net current assets

174,173

285,255

Total assets less current liabilities

371,302

485,693

Capital and reserves

Called up share capital

40,000

Revaluation reserve

165,149

215,463

Profit and loss account

166,153

230,230

Shareholders' funds

371,302

485,693

For the financial year ended 31 October 2015 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 22 August 2016

Mr J H Wilson

Director

Company Registration No. 00971547

J H WILSON (ARNOLD) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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.

1.4

Tangible fixed assets and depreciation

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

Freehold property

2% on valuation

Fixtures and fittings

15% on cost

The directors have chosen to adopt transitional rules for applying Financial Reporting Standard no. 15 in that the existing revaluation of the freehold property in 1987 is being utilised as the ongoing carrying value in the balance sheet.

1.5

Investments

Current asset investments are stated at the lower of cost and net realisable value.

1.6

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.

J H WILSON (ARNOLD) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2015

- 3 -

Fixed assets

Tangible assets

Cost or valuation

At 1 November 2014 & at 31 October 2015

304,180

Depreciation

At 1 November 2014

103,742

Charge for the year

3,309

At 31 October 2015

107,051

Net book value

At 31 October 2015

197,129

At 31 October 2014

200,438

Share capital

2015

2014

Allotted, called up and fully paid

40,000 Ordinary of £1 each

40,000

Transactions with directors

The company operated loan accounts with its directors Mr J H and Mrs H E Wilson. At 31 October 2015 the balance owing to Mr J H Wilson amounted to £33,834 (2014: £16,621) and Mrs H E Wilson £34,766 (2014: £16,621) as included in other creditors due within one year.