Abbreviated Company Accounts - C W OAKLEY & SONS LIMITED

Abbreviated Company Accounts - C W OAKLEY & SONS LIMITED

C W OAKLEY & SONS LIMITED - Company Information

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Registered Number 04664366

C W OAKLEY & SONS LIMITED

Abbreviated Accounts

31 August 2016

C W OAKLEY & SONS LIMITED Registered Number 04664366

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 765,921 765,921
765,921 765,921
Current assets
Debtors 40,576 33,073
Cash at bank and in hand 40,592 29,602
81,168 62,675
Creditors: amounts falling due within one year (269,467) (255,864)
Net current assets (liabilities) (188,299) (193,189)
Total assets less current liabilities 577,622 572,732
Creditors: amounts falling due after more than one year (257,859) (295,784)
Total net assets (liabilities) 319,763 276,948
Capital and reserves
Called up share capital 1 1
Revaluation reserve 213,842 213,842
Profit and loss account 105,920 63,105
Shareholders' funds 319,763 276,948
  • For the year ending 31 August 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 2 May 2017

And signed on their behalf by:
A Oakley, Director

C W OAKLEY & SONS LIMITED Registered Number 04664366

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
1.1 Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).


1.2 Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.


1.3 Tangible Fixed Assets and Depreciation
Tangible Fixed Assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold Buildings Investment property therefore not depreciated

2Tangible fixed assets
£
Cost
At 1 September 2015 765,921
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 765,921
Depreciation
At 1 September 2015 0
Charge for the year -
On disposals -
At 31 August 2016 0
Net book values
At 31 August 2016 765,921
At 31 August 2015 765,921