A Carey & Son Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00759052 (England and Wales)

A CAREY & SON LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J P O'Donoghue

B R Wilde

D T Hughes

SECRETARY:

J P O'Donoghue

REGISTERED OFFICE:

Caroline House

146 Audenshaw Road

Audenshaw

Manchester

M34 5HQ

REGISTERED NUMBER:

00759052 (England and Wales)

ACCOUNTANTS:

Usher Spiby & Co

Chartered Accountants

76 Manchester Road

Denton

Manchester

M34 3PS

PARENT COMPANY:

Carey Management Limited

146 Audenshaw Road

Audenshaw

Manchester

M34 5HQ

FIXED ASSETS

Tangible assets

2

220

229

CURRENT ASSETS

Stocks

59,937

95,833

Debtors

340,612

538,499

Cash at bank and in hand

164,358

99,895

564,907

734,227

CREDITORS

Amounts falling due within one year

113,546

273,870

NET CURRENT ASSETS

451,361

460,357

TOTAL ASSETS LESS CURRENT
LIABILITIES

451,581

460,586

CAPITAL AND RESERVES

Called up share capital

3

6,630

Share premium

32,400

Profit and loss account

412,551

421,556

SHAREHOLDERS' FUNDS

451,581

460,586

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 26 January 2017 and were signed on its behalf by:

B R Wilde - Director

D T Hughes - 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 invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Improvements to leasehold property

-

in accordance with the property

Office equipment

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

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

moving items.

Deferred tax

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

sheet date.

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.

Group accounts

The company has taken advantage of the exemptions conferred by Section 248 of the Companies Act 1985 not to

prepare group accounts. Accordingly the financial statements present information about the company as a single

undertaking and not about its group.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

44,723

Additions

125

At 30 April 2016

44,848

DEPRECIATION

At 1 May 2015

44,494

Charge for year

134

At 30 April 2016

44,628

NET BOOK VALUE

At 30 April 2016

220

At 30 April 2015

229

3.	CALLED UP SHARE CAPITAL

Allotted and issued

Number

Class

Nominal value

30.04.2016

30.04.2015

6,600

Ordinary

£1

6,600

10

A Ordinary

£1

10

B Ordinary

£1

10

C Ordinary

£1

10

6,630

4.	ULTIMATE PARENT COMPANY

Carey Management Limited, a company registered in England and Wales, is the company's ultimate parent company.

5.	CONTROLLING PARTY

The company was under the control of its directors throughout the year.