G. W. Containers & Equipment Ltd - Accounts to registrar - small 16.3d

G. W. Containers & Equipment Ltd - Accounts to registrar - small 16.3d

GW CONTAINERS & EQUIPMENT LIMITED - Company Information

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REGISTERED NUMBER: 06393926 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2016

FOR

G. W. CONTAINERS & EQUIPMENT LTD

G. W. CONTAINERS & EQUIPMENT LTD (REGISTERED NUMBER: 06393926)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G. W. CONTAINERS & EQUIPMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2016







DIRECTORS: G W Witherington
G Witherington





SECRETARY: G Witherington





REGISTERED OFFICE: Ivyhurst
Lower Way
Upper Longdon
Rugeley
Staffordshire
WS15 1QG





REGISTERED NUMBER: 06393926 (England and Wales)
Page 1
G. W. CONTAINERS & EQUIPMENT LTD (REGISTERED NUMBER: 06393926)

BALANCE SHEET
31ST DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,916 26,190

CURRENT ASSETS
Stocks 58,723 53,433
Debtors 5 121,809 416,170
Cash at bank 456,585 313,755
637,117 783,358
CREDITORS
Amounts falling due within one year 6 320,871 516,101
NET CURRENT ASSETS 316,246 267,257
TOTAL ASSETS LESS CURRENT
LIABILITIES
337,162
293,447

PROVISIONS FOR LIABILITIES 4,183 5,238
NET ASSETS 332,979 288,209

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 332,879 288,109
SHAREHOLDERS' FUNDS 332,979 288,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 10th March 2017 and were signed on its behalf by:



G W Witherington - Director


The notes form part of these financial statements

Page 2
G. W. CONTAINERS & EQUIPMENT LTD (REGISTERED NUMBER: 06393926)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2016

1. STATUTORY INFORMATION

G. W. Containers & Equipment Ltd is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 10% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

Page 3 continued...
G. W. CONTAINERS & EQUIPMENT LTD (REGISTERED NUMBER: 06393926)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2016

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2016 57,697
Additions 405
At 31st December 2016 58,102
DEPRECIATION
At 1st January 2016 31,507
Charge for year 5,679
At 31st December 2016 37,186
NET BOOK VALUE
At 31st December 2016 20,916
At 31st December 2015 26,190

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 103,289 407,468
Other debtors 18,520 8,702
121,809 416,170

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 226,654 426,386
Taxation and social security 88,764 76,036
Other creditors 5,453 13,679
320,871 516,101

Page 4