J.W. Marsden & Sons Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00385092 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

J.W. Marsden & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S D Marsden

J D Marsden

A P Marsden

SECRETARY:

J D Marsden

REGISTERED OFFICE:

c/o Harwood Dimensions Limited

Trafford Park Road

Trafford Park

Manchester

M17 1WH

REGISTERED NUMBER:

00385092 (England and Wales)

ACCOUNTANTS:

DonnellyBentley Limited

Chartered Accountants

Hazlemere

70 Chorley New Road

Bolton

Lancashire

BL1 4BY

BANKERS:

Barclays Bank plc

FIXED ASSETS

Investments

4

204,184

199,441

CURRENT ASSETS

Debtors

5

1,956

1,519

Cash at bank

12,749

10,900

14,705

12,419

CREDITORS

Amounts falling due within one year

6

840

921

NET CURRENT ASSETS

13,865

11,498

TOTAL ASSETS LESS CURRENT LIABILITIES

218,049

210,939

PROVISIONS FOR LIABILITIES

7

28,228

27,659

NET ASSETS

189,821

183,280

CAPITAL AND RESERVES

Called up share capital

8

5,000

5,000

Fair value reserve

9

160,686

156,512

Retained earnings

9

24,135

21,768

SHAREHOLDERS' FUNDS

189,821

183,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 21 November 2018 and were signed on its behalf by:

J D Marsden - Director

1.	STATUTORY INFORMATION

J.W. Marsden & Sons 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

The total turnover of the company for the year has been derived from its principal activity wholly

undertaken in the UK.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, 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.

Fixed asset investments

Listed investments are stated at mid-market price. Unlisted investments are as valued by the directors.

Any aggregate surplus or deficit arising from changes in fair value is recognised in the Profit and Loss

account.

Deferred taxation is provided on any fair value gains at current rates.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	FIXED ASSET INVESTMENTS

The market value of listed investments at 31 March 2018 was £99,184 (2017 - £94,441).

Unlisted investments represent 35% of the issued ordinary share capital of Hardwood Dimensions

(Holdings) Limited, a company incorporated in the United Kingdom. This holding has been valued by

the directors at £105,000 (2017 - £105,000). On an historical cost basis the carrying value of these

shares would be £10,500.

As shown in the company accounts of Hardwood Dimensions (Holdings) Limited, at 31 March 2018 net

assets totalled £2,536,515 (2017 - £2,275,148) and the profit after tax for the year then ended was

£122,211 (2017 - £105,503).

The results of that company are not included in these accounts as JW Marsden & Sons Limited is not

in a position to exercise a significant influence over the commercial and financial policy decisions of

that company.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Prepayments and accrued income

1,956

1,519

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

-

21

Accruals and deferred income

840

900

840

921

7.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

Other timing differences

28,228

27,659

Deferred

tax

£

Balance at 1 April 2017

27,659

Re fair value revaluation

569

Balance at 31 March 2018

28,228

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2,000

Ordinary A

£1

2,000

2,000

2,000

Ordinary B

£1

2,000

2,000

1,000

Preference

£1

1,000

1,000

5,000

5,000

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2017

21,768

156,512

178,280

Profit for the year

12,626

12,626

Dividends

(6,085

)

(6,085

)

Reserve transfer

(4,174

)

4,174

-

At 31 March 2018

24,135

160,686

184,821