G_A_WOOD_&_CO._LIMITED - Accounts

G.A. WOOD & CO. LIMITED - Company Information

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Company Registration No. 0240284 (England and Wales)

G A WOOD & CO. LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

G A WOOD & CO. LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

G A WOOD & CO. LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

16,987

Current assets

Debtors

64,379

44,600

Cash at bank and in hand

188,771

177,015

253,150

221,615

Creditors: amounts falling due within one year

(20,592)

(31,121)

Net current assets

232,558

190,494

Total assets less current liabilities

249,545

207,481

Capital and reserves

Called up share capital

975

Profit and loss account

248,570

206,506

Shareholders' funds

249,545

207,481

For the financial year ended 30 June 2016 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 6 March 2017

M Peacock

Director

Company Registration No. 0240284

G A WOOD & CO. LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 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 January 2015).

1.2

Compliance with accounting standards

Turnover represents amounts receivable for goods and services during the year.

1.3

Turnover

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

1.4

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

- see below

Fixtures, fittings & equipment

- straight line over 3 years

No depreciation has been charged in the year for freehold properties as the estimated residual value is greater than the net book value in the accounts.

Fixed assets

Tangible assets

Cost

At 1 July 2015 & at 30 June 2016

20,816

Depreciation

At 1 July 2015 & at 30 June 2016

3,829

Net book value

At 30 June 2016

16,987

At 30 June 2015

16,987

Share capital

2016

2015

Allotted, called up and fully paid

975 Ordinary Shares of £1 each

975