W.stock & Co Limited - Abbreviated accounts 16.3

W.STOCK & CO LIMITED

Abbreviated Unaudited Accounts

For The Year Ended 28th March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M J Denning

Mrs T J Wallace

SECRETARY:

Mrs T J Wallace

REGISTERED OFFICE:

402 Hale End Road

London

E4 9PB

REGISTERED NUMBER:

00680135 (England and Wales)

FIXED ASSETS

Tangible assets

2

146,622

53,911

CURRENT ASSETS

Debtors

23,419

6,345

Cash at bank and in hand

150,635

109,027

174,054

115,372

CREDITORS

Amounts falling due within one year

129,220

120,731

NET CURRENT ASSETS/(LIABILITIES)

44,834

(5,359

)

TOTAL ASSETS LESS CURRENT LIABILITIES

191,456

48,552

PROVISIONS FOR LIABILITIES

3,348

3,348

NET ASSETS

188,108

45,204

CAPITAL AND RESERVES

Called up share capital

3

500

500

Profit and loss account

187,608

44,704

SHAREHOLDERS' FUNDS

188,108

45,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th 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 26th September 2016 and were signed on its behalf by:

M J Denning - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting.

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 winnings on bets taken and fruit machines 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 29th March 2015

117,395

Additions

103,855

Disposals

(36,474

)

At 28th March 2016

184,776

DEPRECIATION

At 29th March 2015

63,484

Charge for year

1,860

Eliminated on disposal

(27,190

)

At 28th March 2016

38,154

NET BOOK VALUE

At 28th March 2016

146,622

At 28th March 2015

53,911

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

500

Ordinary

£1

500

500

4.	ULTIMATE CONTROLLING PARTY

Ultimate control is held by M.Denning,a director of the company,who holds 75% of the issued share capital.

5.	DEFINED CONTRIBUTIONS SCHEME

The company operates a defined contribution pension scheme for the benefit of two directors and one members

of staff. the assets of the scheme are held separately from those of the company in an independently

administered fund. The pension cost charge represents contributions payable by the company to the fund and

amounted to £2,902 (2015-£2,952).