Company Registration No. 07745677 (England and Wales)
A J COLE & SON LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2016
A J COLE & SON LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
A J COLE & SON LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 SEPTEMBER 2016
29 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
100,000
140,000
Tangible assets
2
519,436
547,608
Investments
2
75,582
75,582
695,018
763,190
Current assets
Stocks
89,283
108,238
Debtors
76,854
76,111
Cash at bank and in hand
147,403
114,869
313,540
299,218
Creditors: amounts falling due within one year
(211,770)
(215,466)
Net current assets
101,770
83,752
Total assets less current liabilities
796,788
846,942
Creditors: amounts falling due after more than one year
(278,619)
(299,940)
Provisions for liabilities
(31,639)
(35,109)
486,530
511,893
Capital and reserves
Called up share capital
3
400
400
Profit and loss account
486,130
511,493
Shareholders' funds
486,530
511,893
A J COLE & SON LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
29 SEPTEMBER 2016
29 September 2016
- 2 -
For the financial year ended 29 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 June 2017
Mr A J Cole
Mr A C Cole
Director
Director
Company Registration No. 07745677
A J COLE & SON LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 SEPTEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Revenue is recognised when goods and services have been supplied in the course of trade.
Revenue is recognised when goods and services have been supplied in the course of trade.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Entitlements
Entitlements are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
1.6
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% reducing balance / 20% straight line 20% reducing balance 20% reducing balance
Office equipment
20% reducing balance
Motor vehicles
20% reducing balance
1.7
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.8
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.9
Stock
Stock is valued at the lower of cost and net realisable value.
1.10
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
A J COLE & SON LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 29 SEPTEMBER 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Investments
Total
£
£
£
£
Cost
At 30 September 2015
200,000
617,231
75,582
892,813
Additions
-
12,500
-
12,500
Disposals
-
(2,900)
-
(2,900)
At 29 September 2016
200,000
626,831
75,582
902,413
Depreciation
At 30 September 2015
60,000
69,623
-
129,623
Charge for the year
40,000
37,772
-
77,772
At 29 September 2016
100,000
107,395
-
207,395
Net book value
At 29 September 2016
100,000
519,436
75,582
695,018
At 29 September 2015
140,000
547,608
75,582
763,190
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary A of £1 each
100
100
100 Ordinary B of £1 each
100
100
144 Ordinary C of £1 each
144
100
56 Ordinary D of £1 each
56
100
400
400