J.H. Greenwood & Company Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05599199 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

J.H. GREENWOOD & COMPANY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J H Greenwood FCA

M Mcleman ACA, CTA, ATT

G J Greenwood CTA ATT

Mrs G O'Dea CA

REGISTERED OFFICE:

Ava Lodge, Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

REGISTERED NUMBER:

05599199 (England and Wales)

FIXED ASSETS

Intangible assets

4

257,500

287,500

Tangible assets

5

-

5,599

257,500

293,099

CURRENT ASSETS

Debtors

306,477

276,182

Cash at bank and in hand

114,260

103

420,737

276,285

CREDITORS

Amounts falling due within one year

253,261

253,715

NET CURRENT ASSETS

167,476

22,570

TOTAL ASSETS LESS CURRENT LIABILITIES

424,976

315,669

CREDITORS

Amounts falling due after more than one year

46,613

76,680

NET ASSETS

378,363

238,989

CAPITAL AND RESERVES

Called up share capital

1,200

1,000

Retained earnings

377,163

237,989

SHAREHOLDERS' FUNDS

378,363

238,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

All the members have consented to the preparation of an abridged Profit & Loss Account and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 14 July 2017 and were signed on its behalf by:

M Mcleman ACA, CTA, ATT - Director

1.	STATUTORY INFORMATION

J.H. Greenwood & Company Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised

evenly over it's estimated remaining useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

Straight line over 4 years

Computer equipment

-

20% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2016 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

600,000

AMORTISATION

At 1 April 2016

312,500

Amortisation for year

30,000

At 31 March 2017

342,500

NET BOOK VALUE

At 31 March 2017

257,500

At 31 March 2016

287,500

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

77,425

DEPRECIATION

At 1 April 2016

71,826

Charge for year

5,599

At 31 March 2017

77,425

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

5,599