H. Gwyther & Son Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00748220 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

H. GWYTHER & SON LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R.H. Gwyther

Mrs S.H. Gwyther

SECRETARY:

R.H. Gwyther

REGISTERED OFFICE:

33 Church Street

Bishops Castle

Shropshire

SY9 5AD

REGISTERED NUMBER:

00748220 (England and Wales)

ACCOUNTANTS:

Baker & Co.

Chartered Certified Accountants

Arran House

42 Gravel Hill

Ludlow

Shropshire

SY8 1QR

FIXED ASSETS

Tangible assets

2

218,519

221,496

Investments

3

500

219,019

221,996

CURRENT ASSETS

Stocks

83,780

96,467

Debtors

4

65,820

42,870

Cash in hand

1,531

775

151,131

140,112

CREDITORS

Amounts falling due within one year

90,013

72,686

NET CURRENT ASSETS

61,118

67,426

TOTAL ASSETS LESS CURRENT
LIABILITIES

280,137

289,422

CREDITORS

Amounts falling due after more than
one year

(127,393

)

(128,444

)

PROVISIONS FOR LIABILITIES

(902

)

(1,058

)

NET ASSETS

151,842

159,920

CAPITAL AND RESERVES

Called up share capital

5

5,000

Revaluation reserve

192,443

193,343

Profit and loss account

(45,601

)

(38,423

)

SHAREHOLDERS' FUNDS

151,842

159,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 14 December 2016 and were
signed on its behalf by:

R.H. Gwyther - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its

estimated useful life.

Freehold property - 2% on cost

Plant and machinery - 15% on reducing balance

Motor vehicles - 25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

287,701

DEPRECIATION

At 1 February 2015

66,205

Charge for year

2,977

At 31 January 2016

69,182

NET BOOK VALUE

At 31 January 2016

218,519

At 31 January 2015

221,496

3.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2016

2015

£

Shares in Gwythers(Tenbury

Wells) Ltd.

500

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 40,000 (2015 - £

40,000 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

5,000

Ordinary

1

5,000

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 January 2016 and 31 January 2015:

2016

2015

£

R.H. Gwyther

Balance outstanding at start of year

-

Amounts advanced

16,420

-

Amounts repaid

(2,753

)

-

Balance outstanding at end of year

13,667

-

Mrs S.H. Gwyther

Balance outstanding at start of year

-

Amounts advanced

12,753

-

Amounts repaid

(2,753

)

-

Balance outstanding at end of year

10,000

-

R H Gwyther is a director of Gwythers (Tenbury Wells) Limited with whom the company has

an agreement whereby all stock transactions are charged at cost.