T W Betts Services Limited - Abbreviated accounts 16.3

T W Betts Services Limited - Abbreviated accounts 16.3

T.W. BETTS SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 03238934 (England and Wales)


















Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

T W Betts Services Limited

T W Betts Services Limited (Registered number: 03238934)






Contents of the Abbreviated Accounts
for the Year Ended 31 August 2016




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

T W Betts Services Limited (Registered number: 03238934)

Abbreviated Balance Sheet
31 August 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 1,200,000 1,200,000

CURRENT ASSETS
Debtors 10,831 -
Cash at bank and in hand 90,450 87,201
101,281 87,201
CREDITORS
Amounts falling due within one year 3 88,255 84,851
NET CURRENT ASSETS 13,026 2,350
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,213,026
1,202,350

CREDITORS
Amounts falling due after more than one
year
3
91,880
134,235
NET ASSETS 1,121,146 1,068,115

CAPITAL AND RESERVES
Called up share capital 4 2 2
Revaluation reserve 621,029 621,029
Profit and loss account 500,115 447,084
SHAREHOLDERS' FUNDS 1,121,146 1,068,115

The notes form part of these abbreviated accounts

Page 1 continued...
T W Betts Services Limited (Registered number: 03238934)

Abbreviated Balance Sheet - continued
31 August 2016


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 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 24 May 2017 and were signed on its behalf by:





Mrs A M Barber - Director


The notes form part of these abbreviated accounts

Page 2
T W Betts Services Limited (Registered number: 03238934)

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, modified to include the
revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities
(effective April 2008).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

Turnover
Turnover represents the total rent and insurance receivable during the year.

Investment property
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation
is provided in respect of investment properties held as investments. This is a departure from the requirements of
the Companies Act 2006 which requires all properties to be depreciated.

Such properties are held for investment and not for consumption and the directors consider that to depreciate
them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual
valuation of properties and accordingly the amount of depreciation which might otherwise have been charged
cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving
a true and fair view.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the
balance sheet date.

Provision is made for tax on gains arising from the revaluation of fixed assets, only to the extent that, at the
balance sheet date, there is no binding agreement to dispose of the assets concerned.

2. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 September 2015
and 31 August 2016 1,200,000
NET BOOK VALUE
At 31 August 2016 1,200,000
At 31 August 2015 1,200,000

3. CREDITORS

Creditors include an amount of £ 39,805 (2015 - £ 65,364 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

Page 3