BIRCHILL_&_WATSON_COMPANY - Accounts

BIRCHILL & WATSON COMPANY LIMITED - Company Information

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Company Registration No. 04662703 (England and Wales)

BIRCHILL & WATSON COMPANY LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

BIRCHILL & WATSON COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BIRCHILL & WATSON COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

213,863

243,994

Current assets

Stocks

178,271

182,442

Debtors

1,035,885

967,005

Cash at bank and in hand

2,704,392

2,429,439

3,918,548

3,578,886

Creditors: amounts falling due within one year

(496,072)

(722,596)

Net current assets

3,422,476

2,856,290

Total assets less current liabilities

3,636,339

3,100,284

Provisions for liabilities

(4,513)

(5,147)

3,631,826

3,095,137

Capital and reserves

Called up share capital

100

Profit and loss account

3,631,726

3,095,037

Shareholders' funds

3,631,826

3,095,137

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 November 2015

Mr R G Andrew

Dr D Shah

Director

Company Registration No. 04662703

BIRCHILL & WATSON COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Buildings 2% on cost, Land Nil

Fixtures and fittings

10% per annum of net book value

Motor vehicles

25% per annum of net book value

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

1.8

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

BIRCHILL & WATSON COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2014

380,232

1,500,000

1,880,232

Additions

309,630

Disposals

(350,415)

(1,500,000)

(1,850,415)

At 31 March 2015

339,447

Depreciation

At 1 April 2014

136,238

1,500,000

1,636,238

On disposals

(18,768)

(1,500,000)

(1,518,768)

Charge for the year

8,114

At 31 March 2015

125,584

Net book value

At 31 March 2015

213,863

At 31 March 2014

243,994

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £Nil (2014 - £269,687).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100