F. R. Warren & Co. Limited - Abbreviated accounts 16.3

F. R. Warren & Co. Limited - Abbreviated accounts 16.3


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F. R. WARREN & CO. LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016






F. R. WARREN & CO. LIMITED (REGISTERED NUMBER: 00583387)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

F. R. WARREN & CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2016







DIRECTOR: R Burden





SECRETARY: Mrs M J Burden





REGISTERED OFFICE: Unit 10
Ashley Hill Trading Estate
Ashley Parade
Bristol
BS2 9XS





REGISTERED NUMBER: 00583387(England and Wales)





ACCOUNTANTS: four fifty partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

F. R. WARREN & CO. LIMITED (REGISTERED NUMBER: 00583387)

ABBREVIATED BALANCE SHEET
31 AUGUST 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 73,857 81,485

CURRENT ASSETS
Stocks 20,000 24,415
Debtors 54,239 69,986
Cash at bank and in hand 87,018 53,555
161,257 147,956
CREDITORS
Amounts falling due within one year 3 69,968 69,745
NET CURRENT ASSETS 91,289 78,211
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,146

159,696

CREDITORS
Amounts falling due after more than
one year

3

(41,631

)

(50,606

)

PROVISIONS FOR LIABILITIES (14,373 ) (15,811 )
NET ASSETS 109,142 93,279

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 109,042 93,179
SHAREHOLDERS' FUNDS 109,142 93,279

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

F. R. WARREN & CO. LIMITED (REGISTERED NUMBER: 00583387)

ABBREVIATED BALANCE SHEET - continued
31 AUGUST 2016


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 20 February 2017and were signed by:





R Burden- Director


F. R. WARREN & CO. LIMITED (REGISTERED NUMBER: 00583387)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016

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, except in respect of
service contracts where turnover is recognised when the company obtains the right to
consideration.

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

Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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

Stocks are valued on a first in first out basis.

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.

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.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual
arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

F. R. WARREN & CO. LIMITED (REGISTERED NUMBER: 00583387)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015 170,931
Additions 4,416
At 31 August 2016 175,347
DEPRECIATION
At 1 September 2015 89,446
Charge for year 12,044
At 31 August 2016 101,490
NET BOOK VALUE
At 31 August 2016 73,857
At 31 August 2015 81,485

3. CREDITORS

Creditors include an amount of £ 44,928 (2015 - £ 52,210 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016 2015
£    £   
Repayable by instalments - 3,906

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100