J.b. Wilkinson & Sons (Quality Butchers) - Abbreviated accounts 16.3

REGISTERED NUMBER: 01215222 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

J.B. WILKINSON & SONS (QUALITY

BUTCHERS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr C J B Wilkinson

Mr S R Wilkinson

Mr J Wilkinson

SECRETARY:

Mr S R Wilkinson

REGISTERED OFFICE:

17 Harrogate Road

Rawdon

Leeds

West Yorkshire

LS19 6HW

REGISTERED NUMBER:

01215222 (England and Wales)

ACCOUNTANTS:

J S White & Co Limited

25-29 Sandy Way

Yeadon

Leeds

West Yorkshire

LS19 7EW

BANKERS:

HSBC plc

25 Crossgate

Otley

LS21 1BD

FIXED ASSETS

Intangible assets

2

4,000

8,000

Tangible assets

3

324,223

321,130

328,223

329,130

CURRENT ASSETS

Stocks

46,780

39,805

Debtors

24,495

32,626

Cash at bank and in hand

148,387

121,370

219,662

193,801

CREDITORS

Amounts falling due within one year

98,032

108,882

NET CURRENT ASSETS

121,630

84,919

TOTAL ASSETS LESS CURRENT LIABILITIES

449,853

414,049

CREDITORS

Amounts falling due after more than one year

23,515

34,745

NET ASSETS

426,338

379,304

CAPITAL AND RESERVES

Called up share capital

4

16,900

16,900

Revaluation reserve

226,584

226,584

Other reserves

4,750

4,750

Profit and loss account

178,104

131,070

SHAREHOLDERS' FUNDS

426,338

379,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 5 December 2016 and were signed on its behalf by:

Mr J Wilkinson - 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 January 2015).

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 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 October 2015

and 30 September 2016

138,150

AMORTISATION

At 1 October 2015

130,150

Amortisation for year

4,000

At 30 September 2016

134,150

NET BOOK VALUE

At 30 September 2016

4,000

At 30 September 2015

8,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

786,039

Additions

24,631

At 30 September 2016

810,670

DEPRECIATION

At 1 October 2015

464,909

Charge for year

21,538

At 30 September 2016

486,447

NET BOOK VALUE

At 30 September 2016

324,223

At 30 September 2015

321,130

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

16,900

ordinary

£1

16,900

16,900