Huw J Edmund Limited - Abbreviated accounts 16.1

Huw J Edmund Limited - Abbreviated accounts 16.1

HUW J EDMUND LIMITED - Company Information

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REGISTERED NUMBER: 03706595 (England and Wales)















HUW J EDMUND LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015






HUW J EDMUND LIMITED (REGISTERED NUMBER: 03706595)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

HUW J EDMUND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2015







DIRECTORS: H J Edmund
A Williams
W E Evans
N J Morgan
R Read





REGISTERED OFFICE: Garth House
7 Tynant Court
Morganstown
CARDIFF
CF15 8LW





REGISTERED NUMBER: 03706595 (England and Wales)





ACCOUNTANTS: Watts Gregory LLP
Chartered Accountants
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS
Page 1
HUW J EDMUND LIMITED (REGISTERED NUMBER: 03706595)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2015

2015 2014
Notes £    £   
FIXED ASSETS
Intangible assets 2 525,000 562,500
Tangible assets 3 38,849 49,257
563,849 611,757

CURRENT ASSETS
Work in Progress 177,265 171,930
Debtors 89,460 76,911
Cash at bank and in hand 20,962 39,545
287,687 288,386
CREDITORS
Amounts falling due within one year 4 (175,883 ) (296,637 )
NET CURRENT ASSETS/(LIABILITIES) 111,804 (8,251 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
675,653
603,506

CREDITORS
Amounts falling due after more than one
year
4
(338,353
)
(212,744
)

PROVISIONS FOR LIABILITIES (2,291 ) (3,831 )
NET ASSETS 335,009 386,931

CAPITAL AND RESERVES
Called up share capital 5 2,000 2,000
Profit and loss account 333,009 384,931
SHAREHOLDERS' FUNDS 335,009 386,931

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 notes form part of these abbreviated accounts

Page 2 continued...
HUW J EDMUND LIMITED (REGISTERED NUMBER: 03706595)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2015


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 29 July 2016 and were signed on its behalf by:





W E Evans - Director


The notes form part of these abbreviated accounts

Page 3
HUW J EDMUND LIMITED (REGISTERED NUMBER: 03706595)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015


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 charges invoiced for accountancy and taxation services, 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.

Goodwill is based on one year's purchase of gross fees.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Office equipment - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stock and work in progress
Stationery stock and work in progress are valued at the lower of cost and net realisable value, after making due
allowance for unrecoverable amounts.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

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 for the directors. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they relate.

Page 4 continued...
HUW J EDMUND LIMITED (REGISTERED NUMBER: 03706595)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2015


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014
and 31 October 2015 750,000
AMORTISATION
At 1 November 2014 187,500
Amortisation for year 37,500
At 31 October 2015 225,000
NET BOOK VALUE

At 31 October 2015 525,000
At 31 October 2014 562,500

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014
and 31 October 2015 101,033
DEPRECIATION
At 1 November 2014 51,776
Charge for year 10,408
At 31 October 2015 62,184
NET BOOK VALUE
At 31 October 2015 38,849
At 31 October 2014 49,257

4. CREDITORS

Creditors include an amount of £ 169,853 (2014 - £ 256,569 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1,000 Ordinary A £1 1,000 1,000
1,000 Ordinary B £1 1,000 1,000
2,000 2,000

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors.

Page 5