R.H.Wilkins ( Engravers) Limited - Period Ending 2016-08-31

Registration number: 4441124

R.H.Wilkins ( Engravers) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

James Worley & Sons
Chartered Accountants
9 Bridle Close
Surbiton Road
Kingston Upon Thames
Surrey
KT1 2JW

R.H.Wilkins ( Engravers) Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
R.H.Wilkins ( Engravers) Limited
for the Year Ended 31 August 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of R.H.Wilkins ( Engravers) Limited for the year ended 31 August 2016 set out on pages 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 at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of R.H.Wilkins ( Engravers) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of R.H.Wilkins ( Engravers) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R.H.Wilkins ( Engravers) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that R.H.Wilkins ( Engravers) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of R.H.Wilkins ( Engravers) Limited. You consider that R.H.Wilkins ( Engravers) 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 accounts of R.H.Wilkins ( Engravers) 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 accounts.

......................................

James Worley & Sons
Chartered Accountants
9 Bridle Close
Surbiton Road
Kingston Upon Thames
Surrey
KT1 2JW

28 April 2017

Page 1

R.H.Wilkins ( Engravers) Limited
(Registration number: 4441124)
Abbreviated Balance Sheet at 31 August 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					3,535			8,018
Current assets
Stocks					5,000			10,000
Debtors					287,026			299,213
Cash at bank and in hand					3,010			12,129
					295,036			321,342
Creditors: Amounts falling due within one year					(123,153)			(148,131)
Net current assets					171,883			173,211
Total assets less current liabilities					175,418			181,229
Creditors: Amounts falling due after more than one year					(92,147)			(97,549)
Net assets					83,271			83,680
Capital and reserves
Called up share capital		4			500			500
Profit and loss account					82,771			83,180
Shareholders' funds					83,271			83,680

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 director acknowledges his 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 director on 28 April 2017

.........................................
Mr Emmet Richard Smith
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

R.H.Wilkins ( Engravers) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line basis
Office equipment	25% straight line basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stock.Net realisable value is based on selling price less anticipated costs to cmopletion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

R.H.Wilkins ( Engravers) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2015		76,524			76,524
At 31 August 2016		76,524			76,524
Depreciation
At 1 September 2015		68,506			68,506
Charge for the year		4,483			4,483
At 31 August 2016		72,989			72,989
Net book value
At 31 August 2016		3,535			3,535
At 31 August 2015		8,018			8,018

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		5,401			5,401
Amounts falling due after more than one year		92,147			97,549
Total secured creditors		97,548			102,950

Included in the creditors are the following amounts due after more than five years:

		2016 £			2015 £
After more than five years by instalments		62,318			67,720

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		500			500			500			500

Page 4

R.H.Wilkins ( Engravers) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

5	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr Emmet Richard Smith
	(16,705)	-	(16,535)	-

Page 5