REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2016 |
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FOR |
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WILLIAMS AND BARRY (GROUP) LTD. |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2016 |
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FOR |
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WILLIAMS AND BARRY (GROUP) LTD. |
WILLIAMS AND BARRY (GROUP) LTD. (REGISTERED NUMBER: SC405139) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 29 FEBRUARY 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 | 3 |
WILLIAMS AND BARRY (GROUP) LTD. |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 29 FEBRUARY 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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WILLIAMS AND BARRY (GROUP) LTD. (REGISTERED NUMBER: SC405139) |
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ABBREVIATED BALANCE SHEET |
29 FEBRUARY 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 3 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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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
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(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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WILLIAMS AND BARRY (GROUP) LTD. (REGISTERED NUMBER: SC405139) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 29 FEBRUARY 2016 |
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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 January 2015). |
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Preparation of consolidated financial statements |
The financial statements contain information about Williams and Barry (Group) Ltd. as an individual Company and do not |
contain consolidated financial information as the parent of the group. The directors have taken the decision not to prepare |
group accounts in accordance with Section 398 of the Companies Act 2006. |
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Exemption from preparing a cash flow statement |
The Company has adopted the Financial Reporting Standard for Smaller Entities (effective January 2015) and is |
consequently exempt from the requirement to include a cash flow statement in the financial statements. |
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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 where transactions or events have occurred at that date that will result in an obligation to pay more tax, or a right to |
pay less tax, or a right to receive repayments of tax. |
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Deferred tax assets are recognised only to the extent that the directors consider it more likely than not that there will be |
suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax |
assets and liabilities recognised have not been discounted. |
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Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in |
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
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Financial instruments |
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, |
according to the substance of the contractual arrangement. |
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Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at |
principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the |
outstanding balance and are amortised over the period to the due date for repayment of the financial liability. |
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An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of |
its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated |
financial instrument. |
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Fixed asset investments |
Investments are stated at cost less provision for any diminution of value, if such reduction is deemed to be of a permanent |
nature. |
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2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 March 2015 |
and 29 February 2016 |
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NET BOOK VALUE |
At 29 February 2016 |
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At 28 February 2015 |
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WILLIAMS AND BARRY (GROUP) LTD. (REGISTERED NUMBER: SC405139) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 29 FEBRUARY 2016 |
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2. | 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 |
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£ | £ |
Aggregate capital and reserves | 393,778 | 378,518 |
Profit/(loss) for the year | 15,260 | (6,025 | ) |
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Nature of business:
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Class of shares: | holding |
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£ | £ |
Aggregate capital and reserves | 322,420 | 301,958 |
Profit for the year | 120,462 | 64,254 |
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3. | CREDITORS |
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Creditors include an amount of £
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4. | 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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