Butler & Co (Bishops Waltham) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05441940 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2015

for

Butler & Co (Bishops Waltham) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S J Slater FCA

Mrs J M Butler FCA

SECRETARY:

S J Slater FCA

REGISTERED OFFICE:

Avalon House

Waltham Business Park

Brickyard Road, Swanmore

Southampton

Hampshire

SO32 2SA

REGISTERED NUMBER:

05441940 (England and Wales)

FIXED ASSETS

Intangible assets

2

82,694

90,762

Tangible assets

3

4,414

6,932

87,108

97,694

CURRENT ASSETS

Debtors

86,304

89,867

Cash at bank and in hand

220

94

86,524

89,961

CREDITORS

Amounts falling due within one year

4

93,413

101,977

NET CURRENT LIABILITIES

(6,889

)

(12,016

)

TOTAL ASSETS LESS CURRENT LIABILITIES

80,219

85,678

CREDITORS

Amounts falling due after more than one year

4

(35,286

)

(55,279

)

PROVISIONS FOR LIABILITIES

(471

)

(884

)

NET ASSETS

44,462

29,515

CAPITAL AND RESERVES

Called up share capital

5

200

200

Profit and loss account

44,262

29,315

SHAREHOLDERS' FUNDS

44,462

29,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 15 May 2015 and were signed on its behalf by:

S J Slater FCA - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Fixtures and equipment

-

15% reducing balance basis

Computer equipment

-

25% on cost

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

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

161,357

AMORTISATION

At 1 April 2014

70,595

Amortisation for year

8,068

At 31 March 2015

78,663

NET BOOK VALUE

At 31 March 2015

82,694

At 31 March 2014

90,762

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

17,415

DEPRECIATION

At 1 April 2014

10,483

Charge for year

2,518

At 31 March 2015

13,001

NET BOOK VALUE

At 31 March 2015

4,414

At 31 March 2014

6,932

4.

CREDITORS

Creditors include an amount of £ 84,339 (31.3.14 - £ 114,898 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100

100

A

£1

100

100

200

200

The Ordinary and A shares rank pari passu in all respects except as follows:

The ordinary shares have two votes per share whereas the A shares have one vote per share.

On winding up after the repayment of capital the A shares will not be entitled to any further or other

participation in the profits or assets of the company.