Wood & Disney Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04143288 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Wood & Disney Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Disney

B A Howlett

SECRETARY:

REGISTERED OFFICE:

Lodge Park

Lodge Lane

Langham

Colchester

Essex

CO4 5NE

REGISTERED NUMBER:

04143288 (England and Wales)

ACCOUNTANTS:

Wood & Disney Limited

Lodge Park

Lodge Lane

Langham

Colchester

Essex

CO4 5NE

BANKERS:

Barclays Bank PLC

9 High Street

Colchester

Essex

CO1 1DD

FIXED ASSETS

Intangible assets

4

114,205

121,819

Tangible assets

5

20,376

27,806

134,581

149,625

CURRENT ASSETS

Stocks

34,780

43,156

Debtors

71,825

102,426

Cash at bank

18,998

16,164

125,603

161,746

CREDITORS

Amounts falling due within one year

209,516

232,074

NET CURRENT LIABILITIES

(83,913

)

(70,328

)

TOTAL ASSETS LESS CURRENT LIABILITIES

50,668

79,297

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

668

29,297

SHAREHOLDERS' FUNDS

50,668

79,297

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 Income Statement 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 Income Statement has not been delivered.

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

P Disney - Director

B A Howlett - Director

1.	STATUTORY INFORMATION

Wood & Disney 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 2001, is being amortised evenly over its estimated useful life of twenty 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.

Plant and machinery etc

-

33% on reducing balance and 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 balance sheet date.

Deferred tax

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

sheet 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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

152,275

AMORTISATION

At 1 April 2016

30,456

Amortisation for year

7,614

At 31 March 2017

38,070

NET BOOK VALUE

At 31 March 2017

114,205

At 31 March 2016

121,819

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

87,235

Additions

7,547

Disposals

(33,847

)

At 31 March 2017

60,935

DEPRECIATION

At 1 April 2016

59,429

Charge for year

9,108

Eliminated on disposal

(27,978

)

At 31 March 2017

40,559

NET BOOK VALUE

At 31 March 2017

20,376

At 31 March 2016

27,806