Longworth & Taylor Limited - Abbreviated accounts 16.1
Longworth & Taylor Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2015 |
| FOR |
| LONGWORTH & TAYLOR LIMITED |
| LONGWORTH & TAYLOR LIMITED (REGISTERED NUMBER: 00260645) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 | to | 3 |
| Notes to the Abbreviated Accounts | 4 | to | 5 |
| LONGWORTH & TAYLOR LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST DECEMBER 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| LONGWORTH & TAYLOR LIMITED (REGISTERED NUMBER: 00260645) |
| ABBREVIATED BALANCE SHEET |
| 31ST DECEMBER 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| LONGWORTH & TAYLOR LIMITED (REGISTERED NUMBER: 00260645) |
| ABBREVIATED BALANCE SHEET - continued |
| 31ST DECEMBER 2015 |
| The financial statements were approved by the Board of Directors on |
| LONGWORTH & TAYLOR LIMITED (REGISTERED NUMBER: 00260645) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2015 |
| 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). |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost or valuation less depreciation. |
| Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their residual value, over |
| their expected useful lives on the following bases: |
| Chief rents - 2% on cost |
| Freehold buildings - Nil |
| Motor vehicles - 25% reducing balance |
| Fixtures and fittings - 20% reducing balance |
| No depreciation is provided on freehold buildings. The company follows a programme of regular refurbishment and |
| maintenance of its properties, which includes the reinstatement of the fabric of the building where necessary, in order to |
| maintain them to a high standard. Accordingly in the opinion of the directors, any element of depreciation would be |
| immaterial and no provision has been made. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st January 2015 |
| Additions |
| At 31st December 2015 |
| DEPRECIATION |
| At 1st January 2015 |
| Charge for year |
| At 31st December 2015 |
| NET BOOK VALUE |
| At 31st December 2015 |
| At 31st December 2014 |
| LONGWORTH & TAYLOR LIMITED (REGISTERED NUMBER: 00260645) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1st January 2015 | 182,605 |
| Disposals | (182,605 | ) |
| At 31st December 2015 | - |
| NET BOOK VALUE |
| At 31st December 2015 |
| At 31st December 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |