Emerson Willis Limited - Abbreviated accounts 16.1

Emerson Willis Limited - Abbreviated accounts 16.1

EMERSON WILLIS LIMITED - Company Information

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REGISTERED NUMBER: 04476069 (England and Wales)
















EMERSON WILLIS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016





Bland Baker
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY








EMERSON WILLIS LIMITED (REGISTERED NUMBER: 04476069)






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

EMERSON WILLIS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTOR: D W Norton





SECRETARY: Ms S De Winter





REGISTERED OFFICE: 21 Lodge Lane
Grays
Essex
RM17 5RY





REGISTERED NUMBER: 04476069 (England and Wales)





ACCOUNTANTS: Bland Baker
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY
Page 1
EMERSON WILLIS LIMITED (REGISTERED NUMBER: 04476069)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 20,000 40,000
Tangible assets 3 80,685 99,598
100,685 139,598

CURRENT ASSETS
Stocks 471,748 454,168
Debtors 1,386,828 1,332,107
Cash at bank 1,186,269 603,256
3,044,845 2,389,531
CREDITORS
Amounts falling due within one year 1,061,623 814,575
NET CURRENT ASSETS 1,983,222 1,574,956
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,083,907
1,714,554

PROVISIONS FOR LIABILITIES 13,500 19,200
NET ASSETS 2,070,407 1,695,354

CAPITAL AND RESERVES
Called up share capital 4 20 20
Profit and loss account 2,070,387 1,695,334
SHAREHOLDERS' FUNDS 2,070,407 1,695,354

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 director acknowledges his 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...
EMERSON WILLIS LIMITED (REGISTERED NUMBER: 04476069)

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 director on 21 July 2016 and were signed by:





D W Norton - Director


The notes form part of these abbreviated accounts

Page 3
EMERSON WILLIS LIMITED (REGISTERED NUMBER: 04476069)

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, is being amortised
evenly over its estimated useful life of 5 years.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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
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...
EMERSON WILLIS LIMITED (REGISTERED NUMBER: 04476069)

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 100,000
AMORTISATION
At 1 April 2015 60,000
Amortisation for year 20,000
At 31 March 2016 80,000
NET BOOK VALUE

At 31 March 2016 20,000
At 31 March 2015 40,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 221,872
Additions 1,190
At 31 March 2016 223,062
DEPRECIATION
At 1 April 2015 122,274
Charge for year 20,103
At 31 March 2016 142,377
NET BOOK VALUE
At 31 March 2016 80,685
At 31 March 2015 99,598

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
20 Ordinary £1 20 20

Page 5