J. Reynolds (Western) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01925634 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

J. REYNOLDS (WESTERN) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Reynolds

SECRETARY:

Mrs D M Fussell

REGISTERED OFFICE:

124 High Street

Midsomer Norton

Bath

Avon

BA3 2DA

REGISTERED NUMBER:

01925634 (England and Wales)

ACCOUNTANTS:

Pethericks & Gillard Limited

Chartered Accountants

124 High Street

Midsomer Norton

Bath

BA3 2DA

FIXED ASSETS

Tangible assets

2

5,786

7,353

CURRENT ASSETS

Stocks

22,096

27,315

Debtors

220,089

150,066

Investments

15,000

Cash at bank

21,416

55,203

278,601

247,584

CREDITORS

Amounts falling due within one year

110,298

106,961

NET CURRENT ASSETS

168,303

140,623

TOTAL ASSETS LESS CURRENT
LIABILITIES

174,089

147,976

PROVISIONS FOR LIABILITIES

628

825

NET ASSETS

173,461

147,151

CAPITAL AND RESERVES

Called up share capital

3

10,000

Profit and loss account

163,461

137,151

SHAREHOLDERS' FUNDS

173,461

147,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 22 December 2016 and were signed by:

J Reynolds - 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 building and construction work, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

89,097

DEPRECIATION

At 1 April 2015

81,744

Charge for year

1,567

At 31 March 2016

83,311

NET BOOK VALUE

At 31 March 2016

5,786

At 31 March 2015

7,353

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2016

2015

value:

£

10,000

Ordinary

£1

10,000