C W Tomkins Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06340001 (England and Wales)

C W TOMKINS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

Chartered Accountants' Report

7

DIRECTOR:

C W Tomkins

SECRETARY:

Mrs D Todorovic

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

REGISTERED NUMBER:

06340001 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 All Saints Street

Stamford

Lincolnshire

PE9 2PA

BANKERS:

TSB

30-31 Long Causeway

Peterborough

Cambridgeshire

PE1 1XP

FIXED ASSETS

Tangible assets

2

195,996

193,607

Investments

3

533,730

533,697

729,726

727,304

CURRENT ASSETS

Stocks

570,509

550,936

Debtors

286,661

302,296

Cash at bank

7,219

-

864,389

853,232

CREDITORS

Amounts falling due within one year

4

(1,084,060

)

(1,023,806

)

NET CURRENT LIABILITIES

(219,671

)

(170,574

)

TOTAL ASSETS LESS CURRENT LIABILITIES

510,055

556,730

CREDITORS

Amounts falling due after more than one
year

4

(89,649

)

(96,060

)

NET ASSETS

420,406

460,670

CAPITAL AND RESERVES

Called up share capital

5

1

Share premium

1,321,517

Profit and loss account

(901,112

)

(860,848

)

SHAREHOLDERS' FUNDS

420,406

460,670

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 24 March 2017 and were signed by:

C W Tomkins - 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).

Preparation of consolidated financial statements

The financial statements contain information about C W Tomkins Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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 and not provided

Shipping containers

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Office equipment

-

33% on cost and 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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.

Fixed asset investments

Fixed asset investments represent long term investments and are stated at cost less provision for permanent

diminution in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

226,342

Additions

7,424

At 30 June 2016

233,766

DEPRECIATION

At 1 July 2015

32,735

Charge for year

5,035

At 30 June 2016

37,770

NET BOOK VALUE

At 30 June 2016

195,996

At 30 June 2015

193,607

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2015

533,697

Additions

33

At 30 June 2016

533,730

NET BOOK VALUE

At 30 June 2016

533,730

At 30 June 2015

533,697

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Stall-Mech Engineering Services Limited

Nature of business: Pipework engineering

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

Aggregate capital and reserves

636,995

506,924

Profit for the year

130,071

144,398

Turrino Wheels Limited

Nature of business: Manufacture and repair of wire wheels

%

Class of shares:

holding

Ordinary

90.70

2016

2015

£

Aggregate capital and reserves

(316,154

)

(261,595

)

Loss for the year

(54,559

)

(23,780

)

On 22 December 2015 32 shares were transferred to C W Tomkins Limited from an existing shareholder. After

the transfer the company held 90.7% of the issued ordinary share capital of Turrino Wheels Limited.

4.

CREDITORS

Creditors include an amount of £ 98,120 (2015 - £ 105,137 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

55,766

59,754

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of C W Tomkins Limited for the year ended 30 June 2016 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of C W Tomkins Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C W Tomkins Limited and state those matters that we have agreed to state to the director of C W Tomkins Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C W Tomkins Limited director for our work or for this report.

It is your duty to ensure that C W Tomkins Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of C W Tomkins Limited. You consider that C W Tomkins Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of C W Tomkins Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

14 All Saints Street

Stamford

Lincolnshire

PE9 2PA

24 March 2017