W.stock & Co Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00680135 (England and Wales)

W.STOCK & CO LIMITED

Unaudited Financial Statements

For The Year Ended 28 March 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Denning

Mrs T J Wallace

SECRETARY:

Mrs T J Wallace

REGISTERED OFFICE:

W Stock & Co Ltd

10 Carnaby Road

Broxbourne

Hertfordshire

EN10 7EG

REGISTERED NUMBER:

00680135 (England and Wales)

FIXED ASSETS

Tangible assets

4

8,688

10,222

Investment property

5

152,545

136,400

161,233

146,622

CURRENT ASSETS

Debtors

6

14,091

23,419

Cash at bank and in hand

129,405

150,635

143,496

174,054

CREDITORS

Amounts falling due within one year

7

114,197

129,220

NET CURRENT ASSETS

29,299

44,834

TOTAL ASSETS LESS CURRENT LIABILITIES

190,532

191,456

PROVISIONS FOR LIABILITIES

6,093

3,348

NET ASSETS

184,439

188,108

CAPITAL AND RESERVES

Called up share capital

500

500

Fair value reserve

8

13,400

-

Retained earnings

170,539

187,608

SHAREHOLDERS' FUNDS

184,439

188,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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.

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 29 November 2017 and were signed on its behalf by:

M J Denning - Director

1.	STATUTORY INFORMATION

W.stock & Co 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 as modified by the revaluation of certain assets.

In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting.

Turnover

Turnover represents net winnings on bets taken and fruit machines excluding 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

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

fair value is recognised in profit or loss.

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 5 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 29 March 2016

and 28 March 2017

31,892

11,484

5,000

48,376

DEPRECIATION

At 29 March 2016

24,797

10,187

3,170

38,154

Charge for year

1,061

199

274

1,534

At 28 March 2017

25,858

10,386

3,444

39,688

NET BOOK VALUE

At 28 March 2017

6,034

1,098

1,556

8,688

At 28 March 2016

7,095

1,297

1,830

10,222

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29 March 2016

136,400

Revaluations

16,145

At 28 March 2017

152,545

NET BOOK VALUE

At 28 March 2017

152,545

At 28 March 2016

136,400

Fair value at 28 March 2017 is represented by:

£

Valuation in 2017

16,145

Cost

136,400

152,545

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

9,000

17,675

Other debtors

5,091

5,744

14,091

23,419

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

1,721

2,689

Other creditors

112,476

126,531

114,197

129,220

8.

RESERVES

Fair

value

reserve

£

Transfer of unrealised profits

13,400

At 28 March 2017

13,400

9.	CONTINGENT LIABILITIES

The company is subject to the normal contingent liabilities attached to turf accountants.

10.	ULTIMATE CONTROLLING PARTY

Ultimate control is held by M.Denning,a director of the company,who holds 75% of the issued share capital.

11.	FIRST YEAR ADOPTION

This is the first year that the company has prepared its results under FRS 102. The last financial statements

prepared under previous UK GAAP were for the year ended 28 March 2016. The date of transition to FRS 102

was 29 March 2015.

No transition differences have been identified on transition from previous UK GAAP to FRS 102. As such, no

transition tables are presented showing the differences between the financial statements as presented under

previous GAAP and as presented under FRS 102.