S & L Cox Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07074731 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

S & L COX LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S R Gibson-Sexton

Mrs A L Gibson-Sexton

REGISTERED OFFICE:

Cheribourne House

45A Station Road

Willington

Bedford

Bedfordshire

MK44 3QL

REGISTERED NUMBER:

07074731 (England and Wales)

ACCOUNTANTS:

Baker Noel

Cheribourne House

45A Station Road

Willington

Bedford

Bedfordshire

MK44 3QL

FIXED ASSETS

Intangible assets

2

182,000

196,000

Tangible assets

3

86,312

66,145

268,312

262,145

CURRENT ASSETS

Stocks

3,500

Debtors

5,754

10,970

Cash at bank and in hand

20,765

31,753

30,019

46,223

CREDITORS

Amounts falling due within one year

4

153,195

189,184

NET CURRENT LIABILITIES

(123,176

)

(142,961

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

145,136

119,184

CREDITORS

Amounts falling due after more than one
year

4

(24,098

)

(2,366

)

PROVISIONS FOR LIABILITIES

(15,426

)

(10,990

)

NET ASSETS

105,612

105,828

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

105,610

105,826

SHAREHOLDERS' FUNDS

105,612

105,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 20 January 2017 and were signed on its behalf by:

S R Gibson-Sexton - Director

Mrs A L Gibson-Sexton - 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 amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis

over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the

acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be

recoverable.

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

-

25% on reducing balance and 10% on reducing balance

Fixtures and fittings

-

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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

280,000

AMORTISATION

At 1 December 2015

84,000

Amortisation for year

14,000

At 30 November 2016

98,000

NET BOOK VALUE

At 30 November 2016

182,000

At 30 November 2015

196,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

165,570

Additions

42,145

At 30 November 2016

207,715

DEPRECIATION

At 1 December 2015

99,425

Charge for year

21,978

At 30 November 2016

121,403

NET BOOK VALUE

At 30 November 2016

86,312

At 30 November 2015

66,145

4.

CREDITORS

Creditors include an amount of £ 34,970 (30.11.15 - £ 4,732 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

1

'A' Ordinary

1

'B' Ordinary

1

2

6.	ULTIMATE PARENT COMPANY

Gibson Sexton Holdings Limited is regarded by the directors as being the company's ultimate parent company.