Abbreviated Company Accounts - WHITBY TOOL & ENGINEERING CO. LIMITED(THE)

WHITBY TOOL & ENGINEERING CO. LIMITED(THE) - Company Information

00546248 WHITBY TOOL & ENGINEERING CO. LIMITED(THE) 2016-03-31 false 2015-04-01 2016-03-31 true 00546248 2015-04-01 2016-03-31 00546248 2016-03-31 00546248 2015-03-31 00546248 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 00546248 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 00546248

WHITBY TOOL & ENGINEERING CO. LIMITED(THE)

Abbreviated Accounts

31 March 2016

WHITBY TOOL & ENGINEERING CO. LIMITED(THE) Registered Number 00546248

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	156,022	155,484
		156,022	155,484
Current assets
Stocks		14,983	18,426
Debtors		27,367	28,525
Cash at bank and in hand		119,088	225,594
		161,438	272,545
Creditors: amounts falling due within one year		(28,409)	(27,654)
Net current assets (liabilities)		133,029	244,891
Total assets less current liabilities		289,051	400,375
Total net assets (liabilities)		289,051	400,375
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		288,051	399,375
Shareholders' funds		289,051	400,375

For the year ending 31 March 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 15 November 2016

And signed on their behalf by:
J R Whitby, Director

WHITBY TOOL & ENGINEERING CO. LIMITED(THE) Registered Number 00546248

Notes to the Abbreviated Accounts for the period ended 31 March 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 April 2008) and include the results of the Company’s operations all of which are continuing.

Turnover policy
The turnover shown in the profit and loss account represents the amount of the invoiced charges to customers, exclusive of VAT, and expenditure is charged in the period to which it relates and investment income is credited in the period in which it is receivable.

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold factory nil, investment property nil, machinery and plant 15% on the reducing balance.

Valuation information and policy
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 April 2015	223,211
Additions	788
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	223,999
Depreciation
At 1 April 2015	67,727
Charge for the year	250
On disposals	-
At 31 March 2016	67,977
Net book values
At 31 March 2016	156,022
At 31 March 2015	155,484

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000