REGISTERED NUMBER: 01894744 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

SUTCLIFFE REYNOLDS FITZGERALD LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J F Sutcliffe

SECRETARY:

Mrs M Sutcliffe

REGISTERED OFFICE:

The Malthouse

William Street

Leamington Spa

Warwickshire

CV32 4HY

REGISTERED NUMBER:

01894744 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

Chartered Accountants

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Tangible assets

2

29,409

32,935

CURRENT ASSETS

Stocks

816

14,484

Debtors

80,062

107,509

Investments

188

188

Cash at bank and in hand

227

57,954

81,293

180,135

CREDITORS

Amounts falling due within one year

78,032

116,599

NET CURRENT ASSETS

3,261

63,536

TOTAL ASSETS LESS CURRENT LIABILITIES

32,670

96,471

CAPITAL AND RESERVES

Called up share capital

3

8,167

8,167

Capital redemption reserve

12,833

12,833

Profit and loss account

11,670

75,471

SHAREHOLDERS' FUNDS

32,670

96,471

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 19 December 2016 and were signed by:

J F Sutcliffe - 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, 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 each asset over its estimated useful life.

Fixtures and fittings

-

50% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Foreign currencies

Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the

transactions. Resulting exchange gains and losses are charged in the profit and loss account as they

arise.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

129,312

Additions

6,806

Disposals

(11,349

)

At 31 March 2016

124,769

DEPRECIATION

At 1 April 2015

96,377

Charge for year

9,402

Eliminated on disposal

(10,419

)

At 31 March 2016

95,360

NET BOOK VALUE

At 31 March 2016

29,409

At 31 March 2015

32,935

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

8,167

Ordinary

£1

8,167

8,167