Whitt Bros. Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 00412671 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2016

for

WHITT BROS. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M V Whitt

I W Whitt

SECRETARY:

M V Whitt

REGISTERED OFFICE:

8-9 Well Court

London

London

EC4M 9DN

REGISTERED NUMBER:

00412671 (England and Wales)

FIXED ASSETS

Tangible assets

2

363,813

332,827

CURRENT ASSETS

Debtors

3

1,021,482

1,306,895

Cash at bank

31,252

5,931

1,052,734

1,312,826

CREDITORS

Amounts falling due within one year

4

392,611

502,557

NET CURRENT ASSETS

660,123

810,269

TOTAL ASSETS LESS CURRENT LIABILITIES

1,023,936

1,143,096

CREDITORS

Amounts falling due after more than one year

5

189,336

279,230

NET ASSETS

834,600

863,866

CAPITAL AND RESERVES

Called up share capital

6

1,000

1,000

Retained earnings

7

833,600

862,866

SHAREHOLDERS' FUNDS

834,600

863,866

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 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 May 2017 and were signed on its behalf by:

I W Whitt - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods, 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.

Land and buildings

-

2% on cost

2.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 September 2015

542,636

Additions

41,601

At 31 August 2016

584,237

DEPRECIATION

At 1 September 2015

209,809

Charge for year

10,615

At 31 August 2016

220,424

NET BOOK VALUE

At 31 August 2016

363,813

At 31 August 2015

332,827

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

36,450

30,485

Related parties

877,224

1,274,702

Other debtors

107,808

1,708

1,021,482

1,306,895

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

16,048

6,050

Taxation and social security

-

25,684

Other creditors

376,563

470,823

392,611

502,557

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Other creditors

189,336

279,230

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1,000

Ordinary

£1

1,000

1,000

7.

RESERVES

Retained

earnings

£

At 1 September 2015

862,866

Deficit for the year

(19,266

)

Dividends

(10,000

)

At 31 August 2016

833,600

8.	RELATED PARTY DISCLOSURES