F. R. Warren & Co. Limited - Abbreviated accounts 16.3

F. R. WARREN & CO. LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R Burden

SECRETARY:

Mrs M J Burden

REGISTERED OFFICE:

Unit 10

Ashley Hill Trading Estate

Ashley Parade

Bristol

BS2 9XS

REGISTERED NUMBER:

00583387 (England and Wales)

ACCOUNTANTS:

four fifty partnership

Chartered Accountants

34 Boulevard

Weston-super-Mare

Somerset

BS23 1NF

FIXED ASSETS

Tangible assets

2

73,857

81,485

CURRENT ASSETS

Stocks

20,000

24,415

Debtors

54,239

69,986

Cash at bank and in hand

87,018

53,555

161,257

147,956

CREDITORS

Amounts falling due within one year

3

69,968

69,745

NET CURRENT ASSETS

91,289

78,211

TOTAL ASSETS LESS CURRENT
LIABILITIES

165,146

159,696

CREDITORS

Amounts falling due after more than
one year

3

(41,631

)

(50,606

)

PROVISIONS FOR LIABILITIES

(14,373

)

(15,811

)

NET ASSETS

109,142

93,279

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

109,042

93,179

SHAREHOLDERS' FUNDS

109,142

93,279

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 20 February 2017 and were signed by:

R Burden - 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, except in respect of

service contracts where turnover is recognised when the company obtains the right to

consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Stocks are valued on a first in first out basis.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual

arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any

contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

170,931

Additions

4,416

At 31 August 2016

175,347

DEPRECIATION

At 1 September 2015

89,446

Charge for year

12,044

At 31 August 2016

101,490

NET BOOK VALUE

At 31 August 2016

73,857

At 31 August 2015

81,485

3.

CREDITORS

Creditors include an amount of £ 44,928 (2015 - £ 52,210 ) for which security has been given.

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

2016

2015

£

Repayable by instalments

-

3,906

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100