W & K Sykes Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05286218 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

W & K SYKES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr W G Sykes FRICS

Mrs K D Sykes

SECRETARY:

Mr W G Sykes FRICS

REGISTERED OFFICE:

29 London Street

Andover

Hampshire

SP10 2NU

REGISTERED NUMBER:

05286218 (England and Wales)

ACCOUNTANTS:

Hysons

Chartered Accountants

14 London Street

Andover

Hampshire

SP10 2PA

BANKERS:

HSBC Bank plc

28-30 High Street

Andover

Hampshire

SP10 1NN

FIXED ASSETS

Intangible assets

2

600

1,200

Tangible assets

3

285,555

289,431

286,155

290,631

CURRENT ASSETS

Debtors

30,643

37,725

Cash at bank

36,169

15,451

66,812

53,176

CREDITORS

Amounts falling due within one year

77,343

103,002

NET CURRENT LIABILITIES

(10,531

)

(49,826

)

TOTAL ASSETS LESS CURRENT LIABILITIES

275,624

240,805

CREDITORS

Amounts falling due after more than one year

(137,419

)

(151,173

)

PROVISIONS FOR LIABILITIES

(452

)

(664

)

NET ASSETS

137,753

88,968

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

137,752

88,967

SHAREHOLDERS' FUNDS

137,753

88,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 1 May 2017 and were signed on its behalf by:

Mr W G Sykes FRICS - Director

Mrs K D Sykes - 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 services and disbursements, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses , is being amortised evenly

over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Office and computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

The deferred tax is measured at the tax rates that are expected to apply in the periods in which the timing

differences reverse, based on the tax rates and the laws which are enacted or substantively enacted at the

balance sheet date

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 December 2015

and 30 November 2016

46,000

AMORTISATION

At 1 December 2015

44,800

Amortisation for year

600

At 30 November 2016

45,400

NET BOOK VALUE

At 30 November 2016

600

At 30 November 2015

1,200

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

323,297

Additions

144

At 30 November 2016

323,441

DEPRECIATION

At 1 December 2015

33,866

Charge for year

4,020

At 30 November 2016

37,886

NET BOOK VALUE

At 30 November 2016

285,555

At 30 November 2015

289,431

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

£1

1

1

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES