L Wheeler & Sons (East Peckham) Limited - Abbreviated accounts 16.1

L Wheeler & Sons (East Peckham) Limited - Abbreviated accounts 16.1

L.WHEELER AND SONS(EAST PECKHAM)LIMITED - Company Information

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REGISTERED NUMBER: 00505360





L WHEELER AND SONS (EAST PECKHAM)
LIMITED
ABBREVIATED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016





Perrys Accountants Limited
Chartered Accountants
19-21 Swan Street
West Malling
Kent
ME19 6JU








L WHEELER AND SONS (EAST PECKHAM)
LIMITED (REGISTERED NUMBER: 00505360)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

L WHEELER AND SONS (EAST PECKHAM)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: C B Wheeler
N L Wheeler
L J G Wheeler





REGISTERED OFFICE: 19-21 Swan Street
West Malling
Kent
ME19 6JU





REGISTERED NUMBER: 00505360





ACCOUNTANTS: Perrys Accountants Limited
Chartered Accountants
19-21 Swan Street
West Malling
Kent
ME19 6JU
Page 1
L WHEELER AND SONS (EAST PECKHAM)
LIMITED (REGISTERED NUMBER: 00505360)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 147,459 145,511
Investments 3 91 91
147,550 145,602

CURRENT ASSETS
Stocks 116,437 114,077
Debtors 70,775 70,449
Cash at bank and in hand 181,970 126,211
369,182 310,737
CREDITORS
Amounts falling due within one year 172,127 129,749
NET CURRENT ASSETS 197,055 180,988
TOTAL ASSETS LESS CURRENT
LIABILITIES
344,605
326,590

CAPITAL AND RESERVES
Called up share capital 4 5,001 5,001
Profit and loss account 339,604 321,589
SHAREHOLDERS' FUNDS 344,605 326,590

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 30 November 2016 and were signed on
its behalf by:




C B Wheeler - Director


The notes form part of these abbreviated accounts

Page 2
L WHEELER AND SONS (EAST PECKHAM)
LIMITED (REGISTERED NUMBER: 00505360)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The effect of events in relation to the year ended 31 March 2016 which occurred before the date of
approval of the financial statements by the Board of Director's, have been included in the statements to
the extent required to show a true and fair view of the state of affairs at 31 March 2016 and of the
results for the year ended on that date.

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.

Land and buildings - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% 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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 1,021,877
Additions 31,393
At 31 March 2016 1,053,270
DEPRECIATION
At 1 April 2015 876,366
Charge for year 29,445
At 31 March 2016 905,811
NET BOOK VALUE
At 31 March 2016 147,459
At 31 March 2015 145,511

Page 3 continued...
L WHEELER AND SONS (EAST PECKHAM)
LIMITED (REGISTERED NUMBER: 00505360)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2015
and 31 March 2016 91
NET BOOK VALUE
At 31 March 2016 91
At 31 March 2015 91

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
5,000 Ordinary £1 5,000 5,000
1 Ordinary A £1 1 1
5,001 5,001

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is the loan accounts of the directors C B Wheeler and N L Wheeler totalling
£24,019 and £73,094 respectively (2015: £39,339 and £58,783)

Page 4