Registration number:
A & J Henfrey Limited
for the Year Ended 31 March 2017
A & J Henfrey Limited
Contents
|
Abridged Balance Sheet |
|
|
Notes to the Abridged Financial Statements |
A & J Henfrey Limited
(Registration number: 06508794)
Abridged Balance Sheet as at 31 March 2017
|
Note |
2017 |
2016 |
|
|
Fixed assets |
|||
|
Intangible assets |
|
|
|
|
Tangible assets |
|
|
|
|
|
|
||
|
Current assets |
|||
|
Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets/(liabilities) |
|
( |
|
|
Total assets less current liabilities |
|
|
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Profit and loss account |
|
|
|
|
Total equity |
|
|
|
Page 1 |
A & J Henfrey Limited
(Registration number: 06508794)
Abridged Balance Sheet as at 31 March 2017
For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
|
|
|
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
J Henfrey
Director
A Henfrey
Director
|
Page 2 |
A & J Henfrey Limited
Notes to the Abridged Financial Statements for the Year Ended 31 March 2017
|
General information |
The company is a private company limited by share capital incorporated in England and Wales..
The address of its registered office is:
|
Accounting policies |
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Fixtures and fittings |
15% Reducing balance |
|
Motor vehicles |
25% Reducing balance |
|
Page 3 |
A & J Henfrey Limited
Notes to the Abridged Financial Statements for the Year Ended 31 March 2017
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
|
Goodwill |
5% Straight line |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell.
|
Intangible assets |
|
Total |
|
|
Cost or valuation |
|
|
At 1 April 2016 |
|
|
At 31 March 2017 |
|
|
Amortisation |
|
|
At 1 April 2016 |
|
|
Amortisation charge |
|
|
At 31 March 2017 |
|
|
Carrying amount |
|
|
At 31 March 2017 |
|
|
At 31 March 2016 |
|
|
Tangible assets |
|
Total |
|
|
Cost or valuation |
|
|
At 1 April 2016 |
|
|
Additions |
|
|
At 31 March 2017 |
|
|
Depreciation |
|
|
At 1 April 2016 |
|
|
Charge for the year |
|
|
At 31 March 2017 |
|
|
Carrying amount |
|
|
At 31 March 2017 |
|
|
At 31 March 2016 |
|
|
Transition to FRS 102 |
There are no transitional adjustments.
|
Page 4 |