REGISTERED NUMBER:
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J & W.E. Willets Ltd |
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Abbreviated Unaudited Accounts |
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for the Year Ended 30 September 2015 |
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REGISTERED NUMBER:
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J & W.E. Willets Ltd |
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Abbreviated Unaudited Accounts |
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for the Year Ended 30 September 2015 |
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J & W.E. Willets Ltd (Registered number: 07324074) |
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Contents of the Abbreviated Accounts |
for the year ended 30 September 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 | to | 3 |
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Notes to the Abbreviated Accounts | 4 | to | 6 |
J & W.E. Willets Ltd |
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Company Information |
for the year ended 30 September 2015 |
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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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Chartered Accountants |
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J & W.E. Willets Ltd (Registered number: 07324074) |
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Abbreviated Balance Sheet |
30 September 2015 |
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30.9.15 | 30.9.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 4 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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J & W.E. Willets Ltd (Registered number: 07324074) |
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Abbreviated Balance Sheet - continued |
30 September 2015 |
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30.9.15 | 30.9.14 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 5 |
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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. |
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The financial statements were approved by the Board of Directors on
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J & W.E. Willets Ltd (Registered number: 07324074) |
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Notes to the Abbreviated Accounts |
for the year ended 30 September 2015 |
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1. | ACCOUNTING POLICIES |
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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 April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Goodwill |
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Tangible fixed assets |
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Agricultural buildings | - |
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Plant and machinery | - |
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Motor vehicles | - |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Going concern basis of accounting |
The accounts have been prepared on the assumption that the company is able to carry on business as a going |
concern, which the directors consider appropriate having regard to the circumstances outlined in a Note to the |
accounts. |
J & W.E. Willets Ltd (Registered number: 07324074) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 30 September 2015 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 October 2014 |
and 30 September 2015 |
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AMORTISATION |
At 1 October 2014 |
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Amortisation for year |
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At 30 September 2015 |
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NET BOOK VALUE |
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At 30 September 2015 |
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At 30 September 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 October 2014 |
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Additions |
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At 30 September 2015 |
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DEPRECIATION |
At 1 October 2014 |
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Charge for year |
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At 30 September 2015 |
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NET BOOK VALUE |
At 30 September 2015 |
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At 30 September 2014 |
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4. | CREDITORS |
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Creditors include an amount of £
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J & W.E. Willets Ltd (Registered number: 07324074) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 30 September 2015 |
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4. | CREDITORS - continued |
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They also include the following debts falling due in more than five years: |
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30.9.15 | 30.9.14 |
£ | £ |
Repayable by instalments | 456,750 | - |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.15 | 30.9.14 |
value: | £ | £ |
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Ordinary | 1 |
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6. | GOING CONCERN |
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The directors will continue to support the company and as a result the directors have adopted the going concern |
basis of accounting. |