The George Walsh Partnership Limited - Accounts to registrar - small 17.2

THE GEORGE WALSH PARTNERSHIP LIMITED - Company Information

IRIS Accounts Production v17.2.0.336 04991949 Board of Directors Board of Directors 1.1.16 31.12.16 31.12.16 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure049919492015-12-31049919492016-12-31049919492016-01-012016-12-31049919492014-12-31049919492015-01-012015-12-31049919492015-12-3104991949ns15:EnglandWales2016-01-012016-12-3104991949ns14:PoundSterling2016-01-012016-12-3104991949ns10:Director12016-01-012016-12-3104991949ns10:Director22016-01-012016-12-3104991949ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3104991949ns10:SmallEntities2016-01-012016-12-3104991949ns10:AuditExemptWithAccountantsReport2016-01-012016-12-3104991949ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3104991949ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3104991949ns10:FullAccounts2016-01-012016-12-3104991949ns10:OrdinaryShareClass12016-01-012016-12-3104991949ns10:CompanySecretary12016-01-012016-12-3104991949ns10:RegisteredOffice2016-01-012016-12-3104991949ns5:CurrentFinancialInstruments2016-12-3104991949ns5:CurrentFinancialInstruments2015-12-3104991949ns5:Non-currentFinancialInstruments2016-12-3104991949ns5:Non-currentFinancialInstruments2015-12-3104991949ns5:ShareCapital2016-12-3104991949ns5:ShareCapital2015-12-3104991949ns5:RetainedEarningsAccumulatedLosses2016-12-3104991949ns5:RetainedEarningsAccumulatedLosses2015-12-3104991949ns5:PlantMachinery2016-01-012016-12-3104991949ns5:MotorVehicles2016-01-012016-12-3104991949ns5:PlantMachinery2015-12-3104991949ns5:MotorVehicles2015-12-3104991949ns5:PlantMachinery2016-12-3104991949ns5:MotorVehicles2016-12-3104991949ns5:PlantMachinery2015-12-3104991949ns5:MotorVehicles2015-12-3104991949ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2016-12-3104991949ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2015-12-3104991949ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2016-12-3104991949ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2015-12-3104991949ns5:DeferredTaxation2015-12-3104991949ns5:DeferredTaxation2016-01-012016-12-3104991949ns5:DeferredTaxation2016-12-3104991949ns10:OrdinaryShareClass12016-12-3104991949ns5:RetainedEarningsAccumulatedLosses2015-12-3104991949ns5:RetainedEarningsAccumulatedLosses2016-01-012016-12-3104991949ns5:DividendsPaidTransactions2016-01-012016-12-31

REGISTERED NUMBER: 04991949 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2016

FOR

THE GEORGE WALSH PARTNERSHIP LIMITED

Page

Company Information

Chartered Certified Accountants' Report

Statement of Financial Position

Notes to the Financial Statements

DIRECTORS:

D W Walsh

J F W George

SECRETARY:

D W Walsh

REGISTERED OFFICE:

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

REGISTERED NUMBER:

04991949 (England and Wales)

ACCOUNTANTS:

Benten & Co

Chartered Certified Accountants

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and

certain other primary statements and the Report of the Directors are not required to be filed with the Registrar

of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of The George Walsh Partnership Limited for the year ended 31 December 2016 which comprise

the Income Statement, Statement of Financial Position and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of The George Walsh Partnership Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The George Walsh Partnership Limited and state those matters that we have agreed to state to the Board of Directors of The George Walsh Partnership Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The George Walsh Partnership Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The George Walsh Partnership Limited. You consider that The George Walsh Partnership 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 financial statements of The George Walsh Partnership 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 financial statements.

Benten & Co

Chartered Certified Accountants

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

26 September 2017

FIXED ASSETS

Tangible assets

3,491

4,656

CURRENT ASSETS

Stocks

347,778

720,000

Debtors

2,947

620

Cash at bank

64,563

415,288

720,620

CREDITORS

Amounts falling due within one year

123,764

429,567

NET CURRENT ASSETS

291,524

291,053

TOTAL ASSETS LESS CURRENT
LIABILITIES

295,015

295,709

CREDITORS

Amounts falling due after more than one
year

(14,162

)

PROVISIONS FOR LIABILITIES

(458

)

(638

)

NET ASSETS

294,557

280,909

CAPITAL AND RESERVES

Called up share capital

Retained earnings

294,547

280,899

SHAREHOLDERS' FUNDS

294,557

280,909

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 September 2017 and were signed on its behalf
by:

J F W George - Director

D W Walsh - Director

1.	STATUTORY INFORMATION

The George Walsh Partnership 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 comprises the value of goods and services supplied by the company, net of Value Added Tax.

Tangible fixed assets

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

Plant and machinery

25% on reducing balance

Motor vehicles

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

COST

At 1 January 2016

and 31 December 2016

17,107

7,142

24,249

DEPRECIATION

At 1 January 2016

14,899

4,694

19,593

Charge for year

553

612

1,165

At 31 December 2016

15,452

5,306

20,758

NET BOOK VALUE

At 31 December 2016

1,655

1,836

3,491

At 31 December 2015

2,208

2,448

4,656

STOCKS

2016

2015

Work-in-progress

347,778

720,000

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

VAT

2,947

620

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

Bank loans and overdrafts

1,259

13,111

Other loans

100,000

105,000

Company Barclaycard

9,400

Corporation tax

17,092

23,312

Directors' current accounts

3,813

277,144

Accrued expenses

1,600

123,764

429,567

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2016

2015

Bank loans - 1-2 years

9,130

Bank loans - 2-5 years

5,032

14,162

9.	PROVISIONS FOR LIABILITIES

2016

2015

Deferred tax

458

638

Deferred

tax

Balance at 1 January 2016

638

Credit to Income Statement during year

(180

)

Balance at 31 December 2016

458

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

Ordinary

£1

11.

RESERVES

Retained

earnings

At 1 January 2016

280,899

Profit for the year

67,648

Dividends

(54,000

)

At 31 December 2016

294,547

12.	RELATED PARTY DISCLOSURES

During the year dividends totalling £54000 were paid to D W Walsh and J F W George the directors of the
company. (2015 - £60000)

13.	ULTIMATE CONTROLLING PARTY

There is no controlling party.