REGISTERED NUMBER: 03849146 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th September 2016

for

WILLIAM NELSON LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Mr M Fry

Mr B Hunt

Mr S M Pullan

SECRETARY:

Mr M Fry

REGISTERED OFFICE:

The Old Exchange

234 Southchurch Road

Southend on Sea

Essex

SS1 2EG

REGISTERED NUMBER:

03849146 (England and Wales)

ACCOUNTANTS:

Barrons

Chartered Accountants

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of William Nelson Limited for the year ended 30th September 2016 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of William Nelson Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of William Nelson Limited and state those matters that we have agreed to state to the Board of Directors of William Nelson Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than William Nelson Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that William Nelson Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of William Nelson Limited. You consider that William Nelson Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of William Nelson Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Barrons

Chartered Accountants

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

30th June 2017

FIXED ASSETS

Tangible assets

2

2,032

2,184

CURRENT ASSETS

Stocks

3,321,117

4,854,072

Debtors

30,908

45,115

Investments

336,753

759,531

Cash at bank

18,315

9,852

3,707,093

5,668,570

CREDITORS

Amounts falling due within one year

3

933,140

3,363,253

NET CURRENT ASSETS

2,773,953

2,305,317

TOTAL ASSETS LESS CURRENT LIABILITIES

2,775,985

2,307,501

CREDITORS

Amounts falling due after more than one year

(2,020,156

)

(1,853,656

)

PROVISIONS FOR LIABILITIES

(372

)

-

NET ASSETS

755,457

453,845

CAPITAL AND RESERVES

Called up share capital

4

3

3

Profit and loss account

755,454

453,842

SHAREHOLDERS' FUNDS

755,457

453,845

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

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

Mr S M Pullan - 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 sales of goods and services for the year, excluding value added tax. Property sales are

recognised on completion of sale.

Tangible fixed assets

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

Plant and machinery etc

-

20% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Included with the Stock figure is loan interest charged on loans which relate to properties held in Stock.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

10,260

Additions

847

At 30th September 2016

11,107

DEPRECIATION

At 1st October 2015

8,076

Charge for year

999

At 30th September 2016

9,075

NET BOOK VALUE

At 30th September 2016

2,032

At 30th September 2015

2,184

3.

CREDITORS

Creditors include an amount of £ 558,947 (2015 - £ 2,965,089 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

3

Ordinary

£1

3

3