E L Johnsons Sons & Mowat Limited - Abbreviated accounts 16.1

E L Johnsons Sons & Mowat Limited - Abbreviated accounts 16.1

E L JOHNSON'S SONS & MOWAT LIMITED - Company Information

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REGISTERED NUMBER: 07355901 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

E L JOHNSONS SONS & MOWAT LIMITED

E L JOHNSONS SONS & MOWAT LIMITED (REGISTERED NUMBER: 07355901)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

E L JOHNSONS SONS & MOWAT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: J Williamson
S Parry
S Hall
A Williamson





SECRETARY: Mrs G Parnham





REGISTERED OFFICE: Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN





REGISTERED NUMBER: 07355901 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings LLP
Riverside House
1 - 5 Como Street
Romford
Essex
RM7 7DN
Page 1
E L JOHNSONS SONS & MOWAT LIMITED (REGISTERED NUMBER: 07355901)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 556,382 596,123
Tangible assets 3 98,344 84,864
654,726 680,987

CURRENT ASSETS
Debtors 295,101 398,583
Cash at bank and in hand 530,239 486,318
825,340 884,901
CREDITORS
Amounts falling due within one year 624,205 673,295
NET CURRENT ASSETS 201,135 211,606
TOTAL ASSETS LESS CURRENT
LIABILITIES
855,861
892,593

CREDITORS
Amounts falling due after more than
one year
589,949
590,238
NET ASSETS 265,912 302,355

CAPITAL AND RESERVES
Called up share capital 4 1,600 1,600
Profit and loss account 264,312 300,755
SHAREHOLDERS' FUNDS 265,912 302,355

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 notes form part of these abbreviated accounts

Page 2 continued...
E L JOHNSONS SONS & MOWAT LIMITED (REGISTERED NUMBER: 07355901)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 14 June 2016 and were signed on
its behalf by:




J Williamson - Director



A Williamson - Director


The notes form part of these abbreviated accounts

Page 3
E L JOHNSONS SONS & MOWAT LIMITED (REGISTERED NUMBER: 07355901)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


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 2010, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line
basis over the period of the lease.

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.

Page 4 continued...
E L JOHNSONS SONS & MOWAT LIMITED (REGISTERED NUMBER: 07355901)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 794,831
AMORTISATION
At 1 April 2015 198,708
Amortisation for year 39,741
At 31 March 2016 238,449
NET BOOK VALUE

At 31 March 2016 556,382
At 31 March 2015 596,123

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 158,911
Additions 68,313
Disposals (48,561 )
At 31 March 2016 178,663
DEPRECIATION
At 1 April 2015 74,047
Charge for year 30,607
Eliminated on disposal (24,335 )
At 31 March 2016 80,319
NET BOOK VALUE
At 31 March 2016 98,344
At 31 March 2015 84,864

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
800 Ordinary £1 800 800
800 Ordinary B £1 800 800
1,600 1,600

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company paid net dividends of £172,552 in the year, which were received by the directors of
the company (2015 - £111,277).

The company has also accrued interest on the directors current account balances, which will be
paid to the directors within 9 months of the year end amounting to £16,677. (2015 - £17,334)

Page 5