Rushworth & Co (Sowerby Bridge) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00500880 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30th June 2016

for

Rushworth & Co (Sowerby Bridge) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A H Johnson

Mrs E Johnson

REGISTERED OFFICE:

Providence Street

Lye

Stourbridge

West Midlands

DY9 8HS

REGISTERED NUMBER:

00500880 (England and Wales)

ACCOUNTANTS:

dhjh llp

Chartered Accountants

Wyre Forest House

Finepoint Way

Kidderminster

Worcestershire

DY11 7WF

FIXED ASSETS

Tangible assets

2

-

Investment property

3

1,400,739

CURRENT ASSETS

Debtors

17,938

16,770

Investments

1,407,250

Cash at bank and in hand

1,073,963

1,055,062

2,499,151

2,479,082

CREDITORS

Amounts falling due within one year

136,557

143,763

NET CURRENT ASSETS

2,362,594

2,335,319

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,763,333

3,736,058

CAPITAL AND RESERVES

Called up share capital

4

72,000

Revaluation reserve

113,331

Capital redemption reserve

25,877

Profit and loss account

3,552,125

3,524,850

SHAREHOLDERS' FUNDS

3,763,333

3,736,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 23rd August 2016 and were signed on its behalf
by:

A H Johnson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of investment properties and in accordance with the Financial Reporting Standard for Smaller Entities (effective

January 2015). The financial statements are in compliance with the Companies Act 2006 except that, as

explained below, property is not depreciated.

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

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

In accordance with Financial Reporting Standard for Smaller Entities, no depreciation is provided on the

investment properties.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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.

Current asset investments

Current asset investments are valued at the lower of cost and current market value.

Warranties

Provision is made for the estimated liability on all products still under warranty, including claims already

received. The provision is based on past experience of claims arising in the warranty period.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

and 30th June 2016

3,965

DEPRECIATION

At 1st July 2015

and 30th June 2016

3,965

NET BOOK VALUE

At 30th June 2016

-

At 30th June 2015

-

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1st July 2015

and 30th June 2016

1,456,376

DEPRECIATION

At 1st July 2015

and 30th June 2016

55,637

NET BOOK VALUE

At 30th June 2016

1,400,739

At 30th June 2015

1,400,739

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

36,000

Ordinary A shares

£1

36,000

Ordinary B shares

£1

36,000

72,000