West Herts Tools & Pressings Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07042708 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH NOVEMBER 2016

FOR

WEST HERTS TOOLS & PRESSINGS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D R Lee

P S Fenton

REGISTERED OFFICE:

9 High Street

Woburn Sands

Milton Keynes

Buckinghamshire

MK17 8RF

REGISTERED NUMBER:

07042708 (England and Wales)

ACCOUNTANTS:

Camfield Chapman Lowe

9 High Street

Woburn Sands

Milton Keynes

Buckinghamshire

MK17 8RF

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

120,534

117,866

120,534

117,866

CURRENT ASSETS

Stocks

55,728

55,528

Debtors

209,494

155,403

Cash at bank and in hand

11,975

6,975

277,197

217,906

CREDITORS

Amounts falling due within one year

4

328,321

242,480

NET CURRENT LIABILITIES

(51,124

)

(24,574

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

69,410

93,292

CREDITORS

Amounts falling due after more than one
year

(28,677

)

(10,510

)

PROVISIONS FOR LIABILITIES

-

(2,131

)

NET ASSETS

40,733

80,651

CAPITAL AND RESERVES

Called up share capital

5

100

Revaluation reserve

76,178

Profit and loss account

(35,545

)

4,373

SHAREHOLDERS' FUNDS

40,733

80,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 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 Board of Directors on 30th August 2017 and were signed on its behalf
by:

P S Fenton - Director

D R Lee - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

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

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2015

and 30th November 2016

3,997

AMORTISATION

At 1st December 2015

and 30th November 2016

3,997

NET BOOK VALUE

At 30th November 2016

-

At 30th November 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2015

134,994

Additions

9,047

At 30th November 2016

144,041

DEPRECIATION

At 1st December 2015

17,128

Charge for year

6,379

At 30th November 2016

23,507

NET BOOK VALUE

At 30th November 2016

120,534

At 30th November 2015

117,866

4.

CREDITORS

Creditors include an amount of £ 138,938 (2015 - £ 115,511 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100