Abbreviated Company Accounts - JOHN WHITE (NORTHAMPTON) LIMITED

JOHN WHITE (NORTHAMPTON) LIMITED - Company Information

Registered Number 03679619

JOHN WHITE (NORTHAMPTON) LIMITED

Abbreviated Accounts

31 December 2015

JOHN WHITE (NORTHAMPTON) LIMITED Registered Number 03679619

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	6,391	10,944
		6,391	10,944
Current assets
Stocks		203,319	127,169
Debtors		596,576	193,625
Cash at bank and in hand		344,210	325,659
		1,144,105	646,453
Creditors: amounts falling due within one year		(739,821)	(231,315)
Net current assets (liabilities)		404,284	415,138
Total assets less current liabilities		410,675	426,082
Creditors: amounts falling due after more than one year		(70,586)	(128,486)
Provisions for liabilities		(1,255)	(1,737)
Total net assets (liabilities)		338,834	295,859
Capital and reserves
Called up share capital		1,104	1,104
Share premium account		48,980	48,980
Other reserves		2	2
Profit and loss account		288,748	245,773
Shareholders' funds		338,834	295,859

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 September 2016

And signed on their behalf by:
Mr C.B. Dunkley, Director

JOHN WHITE (NORTHAMPTON) LIMITED Registered Number 03679619

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Website - 33% Reducing balance basis
Fixtures & Fittings - 25% Reducing balance basis
Equipment - 25% Reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 January 2015	97,522
Additions	2,001
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	99,523
Depreciation
At 1 January 2015	86,578
Charge for the year	6,554
On disposals	-
At 31 December 2015	93,132
Net book values
At 31 December 2015	6,391
At 31 December 2014	10,944