Ward & Co (Building Conservation) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04017012 (England and Wales)

WARD & CO.

(BUILDING CONSERVATION) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Dorrington Ward

P Turnham

SECRETARY:

J Dorrington Ward

REGISTERED OFFICE:

Ryeford Industrial Estate

Ryeford Road

Stonehouse

Gloucestershire

GL10 2LA

REGISTERED NUMBER:

04017012 (England and Wales)

ACCOUNTANTS:

Sutton Dipple Limited

8 Wheelwrights Corner

Old Market

Nailsworth

United Kingdom

Gloucestershire

GL6 0DB

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

97,701

89,539

Investment property

4

199,925

-

297,626

89,539

CURRENT ASSETS

Stocks

111,636

1,060

Debtors

515,681

562,197

Cash at bank and in hand

322,006

508,342

949,323

1,071,599

CREDITORS

Amounts falling due within one year

(341,578

)

(362,814

)

NET CURRENT ASSETS

607,745

708,785

TOTAL ASSETS LESS CURRENT LIABILITIES

905,371

798,324

CREDITORS

Amounts falling due after more than one year

-

(2,204

)

PROVISIONS FOR LIABILITIES

(18,637

)

(16,807

)

NET ASSETS

886,734

779,313

CAPITAL AND RESERVES

Called up share capital

5

2

2

Revaluation reserve

35,123

35,123

Profit and loss account

851,609

744,188

SHAREHOLDERS' FUNDS

886,734

779,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 23 October 2014 and were signed on its behalf by:

J Dorrington Ward - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to

consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been

amortised over its estimated useful life of one year.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on cost, 25% on reducing balance and 4% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising

from changes in market value is transferred to a revaluation reserve.

Stocks

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

obsolete and slow moving items.

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

27,761

AMORTISATION

At 1 April 2013

and 31 March 2014

27,761

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

456,809

Additions

34,306

At 31 March 2014

491,115

DEPRECIATION

At 1 April 2013

367,270

Charge for year

26,144

At 31 March 2014

393,414

NET BOOK VALUE

At 31 March 2014

97,701

At 31 March 2013

89,539

4.	INVESTMENT PROPERTY

Total

£

COST

Additions

199,925

At 31 March 2014

199,925

NET BOOK VALUE

At 31 March 2014

199,925

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

1

2

2

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014

and 31 March 2013:

2014

2013

£

£

J Dorrington Ward

Balance outstanding at start of year

159,885

-

Amounts advanced

84,722

159,885

Amounts repaid

(244,607

)

-

Balance outstanding at end of year

-

159,885

Dividends of £28,000 were paid to Mr J Dorrington Ward during the year.