Abbreviated Company Accounts - WORBOYS AND JOHNSTON LIMITED

WORBOYS AND JOHNSTON LIMITED - Company Information

03145283 WORBOYS AND JOHNSTON LIMITED 2016-02-29 false 2015-03-01 2016-02-29 true 03145283 2015-03-01 2016-02-29 03145283 2016-02-29 03145283 2015-02-28 03145283 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-29 03145283 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-29 uk-gaap-cd-bus:Director3 2015-03-01 2016-02-29 uk-gaap-cd-bus:Director3 2016-02-29 uk-gaap-cd-bus:Director3 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 03145283

WORBOYS AND JOHNSTON LIMITED

Abbreviated Accounts

29 February 2016

WORBOYS AND JOHNSTON LIMITED Registered Number 03145283

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	211,826	609,989
		211,826	609,989
Current assets
Stocks		113,399	111,964
Debtors		249,346	38,213
Cash at bank and in hand		89,791	127
		452,536	150,304
Creditors: amounts falling due within one year	3	(122,926)	(125,412)
Net current assets (liabilities)		329,610	24,892
Total assets less current liabilities		541,436	634,881
Creditors: amounts falling due after more than one year	3	(51,283)	(50,418)
Provisions for liabilities		(184)	(694)
Total net assets (liabilities)		489,969	583,769
Capital and reserves
Called up share capital	4	411,001	411,001
Profit and loss account		78,968	172,768
Shareholders' funds		489,969	583,769

For the year ending 29 February 2016 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 7 October 2016

And signed on their behalf by:
N V Worboys, Director

WORBOYS AND JOHNSTON LIMITED Registered Number 03145283

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 1% on cost
Plant and machinery - 25% on reducing balance

Other accounting policies
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.

2Tangible fixed assets

	£
Cost
At 1 March 2015	708,687
Additions	753
Disposals	(452,192)
Revaluations	-
Transfers	-
At 29 February 2016	257,248
Depreciation
At 1 March 2015	98,698
Charge for the year	3,651
On disposals	(56,927)
At 29 February 2016	45,422
Net book values
At 29 February 2016	211,826
At 28 February 2015	609,989

3Creditors

	2016 £	2015 £
Secured Debts	66,548	71,523
Instalment debts due after 5 years	23,360	25,931

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
411,001 Ordinary shares of £1 each	411,001	411,001

5Transactions with directors

Name of director receiving advance or credit:	N V Worboys
Description of the transaction:	Loan
Balance at 1 March 2015:	£ 21,928
Advances or credits made:	£ 239,737
Advances or credits repaid:	£ 21,928
Balance at 29 February 2016:	£ 239,737

The loan balance has been repaid to the company since the year-end.