HENDERSON_&_SONS_LIMITED - Accounts

HENDERSON & SONS LIMITED - Company Information

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Company Registration No. 00618685 (England and Wales)

HENDERSON & SONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2016

HENDERSON & SONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

HENDERSON & SONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

94,599

105,676

Current assets

Debtors

9,917

8,540

Cash at bank and in hand

58,875

46,106

68,792

54,646

Creditors: amounts falling due within one year

(61,053)

(74,014)

Net current assets/(liabilities)

7,739

(19,368)

Total assets less current liabilities

102,338

86,308

Capital and reserves

Called up share capital

1,000

Other reserves

4,451

Profit and loss account

96,887

80,857

Shareholders' funds

102,338

86,308

For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 October 2016

W. T. Henderson

Director

Company Registration No. 00618685

HENDERSON & SONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for rent from properties and insurance reclaimed.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

10% on reducing balance

Plant and machinery

25% on reducing balance

Fixtures, fittings & equipment

25% on reducing balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 February 2015 & at 31 January 2016

732,587

Depreciation

At 1 February 2015

626,911

Charge for the year

11,077

At 31 January 2016

637,988

Net book value

At 31 January 2016

94,599

At 31 January 2015

105,676

Creditors: amounts falling due within one year

The bank overdraft is secured by a floating charge over the company's fixed assets.

HENDERSON & SONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

400 Ordinary A shares of £1 each

400

300 Ordinary B shares of £1 each

300

100 Ordinary C shares of £1 each

100

100 Ordinary D shares of £1 each

100

100 Ordinary E shares of £1 each

100

1,000

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

W. T. Henderson - Director loan account

(17,389)

40,839

42,823

(19,373)

J. Cahill - Director loan account

(8,097)

31,580

31,800

(8,317)

V.A. Henderson - Director loan account

(531)

151

(682)

(26,017)

72,419

74,774

(28,372)