Accounts filed on 31-12-2015
Accounts filed on 31-12-2015
| Registered number: 01243441 | ||||||||
| FOR THE YEAR ENDED 31/12/2015 | ||||||||
| Prepared By: | ||||||||
| Grange-over-Sands | ||||||||
| Cumbria | ||||||||
| PRICE WESTERN LEATHER CO LTD | ||||||||
| ABBREVIATED ACCOUNTS | ||||||||
| FOR THE YEAR ENDED | ||||||||
| INDEX TO THE ACCOUNTS | ||||||||
| Abbreviated Balance Sheet | 2 | |||||||
| Notes to the Abbreviated Accounts | 3 | |||||||
| The company's registered number is 01243441 | ||||||||
| PRICE WESTERN LEATHER CO LTD | ||||||||
| Registered Number: 01243441 | ||||||||||
| BALANCE SHEET AT 31/12/2015 | ||||||||||
| 2015 | 2014 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Intangible assets | 2 | |||||||||
| Tangible assets | 3 | |||||||||
| Investments | 4 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors (amounts falling due within one year) | 5 | |||||||||
| Cash at bank and in hand | ||||||||||
| 695,926 | ||||||||||
| CREDITORS: Amounts falling due within one year | ||||||||||
| NET CURRENT ASSETS | ||||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 6 | |||||||||
| PROVISIONS FOR LIABILITIES | ||||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 7 | |||||||||
| Profit and loss account | ||||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| Director | ||||||||||
| PRICE WESTERN LEATHER CO LTD | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31/12/2015 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| 1b. Depreciation | ||||||||
| Land And Buildings | ||||||||
| Plant and Machinery | ||||||||
| 1c. Stocks | ||||||||
| 1d. Taxation | ||||||||
| Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted. | ||||||||
| 1e. Pension Costs | ||||||||
| 1f. Foreign Currency | ||||||||
| 1g. Turnover | ||||||||
| 1h. Investments | ||||||||
| Fixed asset investments are shown at cost less amounts written off. | ||||||||
| Provisions are not made for temporary fluctuations in value but where a value is deemed to be materially lower, then a provison is made. | ||||||||
| 1i. Leases | ||||||||
| Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. | ||||||||
| PRICE WESTERN LEATHER CO LTD | ||||||||
| 2. INTANGIBLE FIXED ASSETS | ||||
| Patents | Total | |||
| £ | £ | |||
| Cost | ||||
| At 01/01/2015 | ||||
| At 31/12/2015 | ||||
| Depreciation | ||||
| At 01/01/2015 | ||||
| For the year | ||||
| At 31/12/2015 | ||||
| Net Book Amounts | ||||
| At 31/12/2015 | 3,172 | 3,172 | ||
| At 31/12/2014 | ||||
| 3. TANGIBLE FIXED ASSETS | ||||||
| Land And | Plant and | |||||
| Buildings | Machinery | Total | ||||
| £ | £ | £ | ||||
| Cost | ||||||
| At 01/01/2015 | ||||||
| Additions | ||||||
| Disposals | ( | ( | ||||
| At 31/12/2015 | 33,285 | 622,482 | 655,767 | |||
| Depreciation | ||||||
| At 01/01/2015 | ||||||
| Disposals | ( | ( | ||||
| For the year | ||||||
| At 31/12/2015 | ||||||
| Net Book Amounts | ||||||
| At 31/12/2015 | ||||||
| At 31/12/2014 | ||||||
| PRICE WESTERN LEATHER CO LTD | ||||||||
| 4. INVESTMENT FIXED ASSETS | |||||||||
| Shares in group companies | Other | ||||||||
| and participating interests | Investments | Total | |||||||
| £ | £ | £ | |||||||
| Cost | |||||||||
| At 01/01/2015 | |||||||||
| At 31/12/2015 | |||||||||
| Amortisation | |||||||||
| At 01/01/2015 | |||||||||
| At 31/12/2015 | |||||||||
| Net Book Amounts | |||||||||
| At 31/12/2015 | |||||||||
| At 31/12/2014 | |||||||||
| The company owned all the share capital of Holsters International UK Ltd, a company registered in England. The subsidiary remained dormant and has now been struck off the Companies House Register. | |||||||||
| Other Investment Assets comprise Deactivated Weapons | |||||||||
| 5. DEBTORS | 2015 | 2014 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year: | ||||||||
| Trade debtors | ||||||||
| Other debtors | ||||||||
| PRICE WESTERN LEATHER CO LTD | ||||||||
| 6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2015 | 2014 | |||||||
| £ | £ | |||||||
| Other creditors | 13,234 | 19,403 | ||||||
| Included in other creditors are: | ||||||||
| Obligations under hire purchase | 13,234 | 19,403 | ||||||
| £13,234 (2014: £19,403 is repayable by instalments within 5 years | ||||||||
| 7. SHARE CAPITAL | 2015 | 2014 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 8. RELATED PARTY TRANSACTIONS | ||||||||
| Amounts owed by the Parent Company at the balance sheet date were 2015: 338,677; 2014 : £335,922. | ||||||||
| 9. CONTROLLING PARTY | ||||||||