Henry Willis & Sons Limited - Abbreviated accounts 16.3
Henry Willis & Sons Limited - Abbreviated accounts 16.3
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2016 |
| FOR |
| HENRY WILLIS & SONS LIMITED |
| HENRY WILLIS & SONS LIMITED (REGISTERED NUMBER: 00070718) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30TH JUNE 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| HENRY WILLIS & SONS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH JUNE 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| HENRY WILLIS & SONS LIMITED (REGISTERED NUMBER: 00070718) |
| ABBREVIATED BALANCE SHEET |
| 30TH JUNE 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| HENRY WILLIS & SONS LIMITED (REGISTERED NUMBER: 00070718) |
| ABBREVIATED BALANCE SHEET - continued |
| 30TH JUNE 2016 |
| The financial statements were approved by the Board of Directors on |
| HENRY WILLIS & SONS LIMITED (REGISTERED NUMBER: 00070718) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30TH JUNE 2016 |
| 1. | ACCOUNTING POLICIES |
| Going concern |
| The financial statements are prepared on the going concern basis which the directors consider appropriate in |
| view of the continuing support of the company's bankers, directors and shareholders. |
| 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 |
| Freehold land and buildings | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Office equipment | - |
| Stock and work in progress |
| Raw materials, consumables and finished goods are valued at the lower of cost and net realisable value, after |
| making due allowance for obsolete and slow moving items. |
| Work in progress is valued in accordance with UITF 40. |
| 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. |
| HENRY WILLIS & SONS LIMITED (REGISTERED NUMBER: 00070718) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st July 2015 |
| Additions |
| At 30th June 2016 |
| DEPRECIATION |
| At 1st July 2015 |
| Charge for year |
| At 30th June 2016 |
| NET BOOK VALUE |
| At 30th June 2016 |
| At 30th June 2015 |
| The freehold property is stated at its cost when purchased. In the opinion of the Directors the current market |
| value of the property is at least £1,250,000. |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2016 | 2015 |
| £ | £ |
| Repayable by instalments | 232,463 | 252,617 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £5 |