REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31st March 2016 |
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for |
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CHAS.B.PUGH(WALSALL) LIMITED |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31st March 2016 |
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for |
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CHAS.B.PUGH(WALSALL) LIMITED |
CHAS.B.PUGH(WALSALL) LIMITED (REGISTERED NUMBER: 00300289) |
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Contents of the Abbreviated Accounts |
for the year ended 31st March 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
CHAS.B.PUGH(WALSALL) LIMITED |
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Company Information |
for the year ended 31st March 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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(The practising name of |
Baker (Midlands) Limited) |
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CHAS.B.PUGH(WALSALL) LIMITED (REGISTERED NUMBER: 00300289) |
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Abbreviated Balance Sheet |
31st March 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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( |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Capital redemption reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
CHAS.B.PUGH(WALSALL) LIMITED (REGISTERED NUMBER: 00300289) |
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Abbreviated Balance Sheet - continued |
31st March 2016 |
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The financial statements were approved by the Board of Directors on
by: |
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CHAS.B.PUGH(WALSALL) LIMITED (REGISTERED NUMBER: 00300289) |
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Notes to the Abbreviated Accounts |
for the year ended 31st March 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
Chas. B. Pugh (Walsall) Limited is the parent of a small group and has therefore not prepared consolidated |
financial statements. |
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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). |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 Related |
Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Freehold land | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Depreciation is not provided on freehold property.The directors perform annual impairment reviews in |
accordance with the requirements of FRS 11 to ensure that the recoverable amounts are higher than the |
carrying values. |
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Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated |
impairment losses. Historical cost includes any expenditure that is directly attributable to bringing the asset to |
the location and condition necessary for it to be capable of operating in the manner intended by management. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date, except where it is considerered that the liability will not crystallize in the foreseeable |
future. |
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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. |
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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. |
CHAS.B.PUGH(WALSALL) LIMITED (REGISTERED NUMBER: 00300289) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31st March 2016 |
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1. | ACCOUNTING POLICIES - continued |
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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. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st April 2015 |
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Additions |
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At 31st March 2016 |
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DEPRECIATION |
At 1st April 2015 |
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Charge for year |
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At 31st March 2016 |
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NET BOOK VALUE |
At 31st March 2016 |
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At 31st March 2015 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1st April 2015 |
and 31st March 2016 | 591,984 |
NET BOOK VALUE |
At 31st March 2016 |
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At 31st March 2015 |
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CHAS.B.PUGH(WALSALL) LIMITED (REGISTERED NUMBER: 00300289) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31st March 2016 |
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3. | FIXED ASSET INVESTMENTS - continued |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Nature of business:
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% |
Class of shares: | holding |
£1 Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | 293,319 | 413,259 |
(Loss)/profit for the year | (119,940 | ) | 3,191 |
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Nature of business:
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Class of shares: | holding |
£1 Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | 607,982 | 615,013 |
(Loss)/profit for the year | (7,031 | ) | 1,876 |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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£5,000 4.2% Preference Shares :- |
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The holders of the preference shares have no voting rights but are entitled to a fixed cumulative dividend of |
4.2% per annum. In the event of a winding up of the company the holders shall be entitled to any arrears of |
the dividend and the nominal value of the shares paid up at that time. |
In the accounts these shares are classified as creditors due after more than one year. |