Wood & Disney Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04143288 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Wood & Disney Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Disney

B A Howlett

SECRETARY:

Mrs T Robinson

REGISTERED OFFICE:

Lodge Park

Lodge Lane

Langham

Colchester

Essex

CO4 5NE

REGISTERED NUMBER:

04143288 (England and Wales)

ACCOUNTANTS:

Wood & Disney Limited

Lodge Park

Lodge Lane

Langham

Colchester

Essex

CO4 5NE

BANKERS:

Barclays Bank PLC

9 High Street

Colchester

Essex

CO1 1DD

FIXED ASSETS

Intangible assets

2

121,819

129,433

Tangible assets

3

27,806

37,420

149,625

166,853

CURRENT ASSETS

Stocks

43,156

57,084

Debtors

102,426

111,372

Cash at bank

16,164

11,871

161,746

180,327

CREDITORS

Amounts falling due within one year

232,074

194,596

NET CURRENT LIABILITIES

(70,328

)

(14,269

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

79,297

152,584

CREDITORS

Amounts falling due after more than one
year

-

10,400

NET ASSETS

79,297

142,184

CAPITAL AND RESERVES

Called up share capital

4

50,000

Profit and loss account

29,297

92,184

SHAREHOLDERS' FUNDS

79,297

142,184

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 directors acknowledge their 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 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 Board of Directors on 7 December 2016 and were signed on its behalf
by:

P Disney - Director

B A Howlett - Director

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 in 2001, is being amortised evenly over its estimated useful life of twenty 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 etc

-

33% on reducing balance and 25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

152,275

AMORTISATION

At 1 April 2015

22,842

Amortisation for year

7,614

At 31 March 2016

30,456

NET BOOK VALUE

At 31 March 2016

121,819

At 31 March 2015

129,433

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

82,722

Additions

4,513

At 31 March 2016

87,235

DEPRECIATION

At 1 April 2015

45,302

Charge for year

14,127

At 31 March 2016

59,429

NET BOOK VALUE

At 31 March 2016

27,806

At 31 March 2015

37,420

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

50,000

Ordinary

1

50,000