JW Gilbert and Son Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07036951 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

JW Gilbert and Son Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J W Gilbert

S J Gilbert

REGISTERED OFFICE:

16 Queen Street

Ilkeston

Derbyshire

DE7 5GT

REGISTERED NUMBER:

07036951 (England and Wales)

ACCOUNTANTS:

Gregory Priestley & Stewart

16 Queen Street

Ilkeston

Derbyshire

DE7 5GT

FIXED ASSETS

Intangible assets

2

8,144

10,180

Tangible assets

3

1,440

1,723

9,584

11,903

CURRENT ASSETS

Debtors

1

125

Cash at bank

1,232

695

1,233

820

CREDITORS

Amounts falling due within one year

31,142

36,936

NET CURRENT LIABILITIES

(29,909

)

(36,116

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,325

)

(24,213

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(20,327

)

(24,215

)

SHAREHOLDERS' FUNDS

(20,325

)

(24,213

)

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 27 December 2016 and were signed on its behalf
by:

J W Gilbert - Director

S J Gilbert - 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 2010, is being amortised evenly over its estimated useful life of ten 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

-

25% on reducing balance and 15% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

20,361

AMORTISATION

At 1 April 2015

10,181

Amortisation for year

2,036

At 31 March 2016

12,217

NET BOOK VALUE

At 31 March 2016

8,144

At 31 March 2015

10,180

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

4,177

DEPRECIATION

At 1 April 2015

2,454

Charge for year

283

At 31 March 2016

2,737

NET BOOK VALUE

At 31 March 2016

1,440

At 31 March 2015

1,723

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary A

£1

1

Ordinary B

£1

1

2