G_V_EHRHARDT_&_HEREWARD_L - Accounts

G.V.EHRHARDT & HEREWARD LIMITED - Company Information

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Company Registration No. 00107511 (England and Wales)

G V EHRHARDT & HEREWARD LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

G V EHRHARDT & HEREWARD LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

G V EHRHARDT & HEREWARD LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

68,068

116,352

Current assets

Stocks

138,118

154,993

Debtors

137,488

341,879

Cash at bank and in hand

41,317

32,142

316,923

529,014

Creditors: amounts falling due within one year

(217,618)

(335,563)

Net current assets

99,305

193,451

Total assets less current liabilities

167,373

309,803

Capital and reserves

Called up share capital

252

Profit and loss account

167,121

309,551

Shareholders' funds

167,373

309,803

For the financial year ended 31 March 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 13 September 2016

Mr M L Turley

Director

Company Registration No. 00107511

G V EHRHARDT & HEREWARD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 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 goods net of VAT and trade discounts.

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:

Plant and machinery etc

10% on cost

1.5

Stock

Stock and work in progress are valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

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 April 2015 & at 31 March 2016

1,174,998

Depreciation

At 1 April 2015

1,058,646

Charge for the year

48,284

At 31 March 2016

1,106,930

Net book value

At 31 March 2016

68,068

At 31 March 2015

116,352

G V EHRHARDT & HEREWARD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

252 Ordinary shares of £1 each

252