R J Hartwell Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05914734 (England and Wales)

R J Hartwell Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

R J Hartwell

SECRETARY:

REGISTERED OFFICE:

4 White Houses

Billesley

Alcester

Warwickshire

B49 6NE

REGISTERED NUMBER:

05914734 (England and Wales)

ACCOUNTANTS:

Grenfell James Associates Limited

3 The Courtyard

Timothys Bridge Road

Stratford Upon Avon

Warwickshire

CV37 9NP

FIXED ASSETS

Intangible assets

2

15,000

Tangible assets

3

391,676

380,889

406,676

395,889

CURRENT ASSETS

Stocks

529,725

416,419

Debtors

155,635

320,755

Cash at bank

211,893

155,691

897,253

892,865

CREDITORS

Amounts falling due within one year

620,778

679,422

NET CURRENT ASSETS

276,475

213,443

TOTAL ASSETS LESS CURRENT
LIABILITIES

683,151

609,332

CREDITORS

Amounts falling due after more than one
year

(82,182

)

(93,800

)

PROVISIONS FOR LIABILITIES

(74,418

)

(74,884

)

NET ASSETS

526,551

440,648

CAPITAL AND RESERVES

Called up share capital

4

6

Capital redemption reserve

4

Profit and loss account

526,541

440,638

SHAREHOLDERS' FUNDS

526,551

440,648

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.

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 17 February 2017 and were signed by:

R J Hartwell - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off 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 etc

-

25% on reducing balance and 20% 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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

15,000

NET BOOK VALUE

At 31 August 2016

15,000

At 31 August 2015

15,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

665,841

Additions

148,996

Disposals

(54,900

)

At 31 August 2016

759,937

DEPRECIATION

At 1 September 2015

270,373

Charge for year

110,058

Eliminated on disposal

(12,170

)

At 31 August 2016

368,261

NET BOOK VALUE

At 31 August 2016

391,676

At 31 August 2015

395,468

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

6

Ordinary

£1

6