REGISTERED NUMBER: 05682648 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 January 2016

for

A & C Townley Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A J Townley

C J Townley

SECRETARY:

J Townley

REGISTERED OFFICE:

Sitch Farm

Monks Road

Glossop

Derbyshire

SK13 6JZ

REGISTERED NUMBER:

05682648 (England and Wales)

ACCOUNTANTS:

G Hurst & Co

25 Norfolk Street

Glossop

Derbyshire

SK13 7QU

FIXED ASSETS

Tangible assets

2

15,688

19,683

CURRENT ASSETS

Stocks

7,130

36,286

Debtors

44,773

28,905

Cash at bank

47,237

18,077

99,140

83,268

CREDITORS

Amounts falling due within one year

49,714

48,565

NET CURRENT ASSETS

49,426

34,703

TOTAL ASSETS LESS CURRENT LIABILITIES

65,114

54,386

CREDITORS

Amounts falling due after more than one year

3

-

(1,282

)

PROVISIONS FOR LIABILITIES

(8,420

)

(10,210

)

NET ASSETS

56,694

42,894

CAPITAL AND RESERVES

Called up share capital

4

200

200

Profit and loss account

56,494

42,694

SHAREHOLDERS' FUNDS

56,694

42,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 30 August 2016 and were signed on its behalf by:

A J Townley - Director

C J Townley - 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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

59,953

DEPRECIATION

At 1 February 2015

40,270

Charge for year

3,995

At 31 January 2016

44,265

NET BOOK VALUE

At 31 January 2016

15,688

At 31 January 2015

19,683

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.1.16

31.1.15

£

£

Repayable by instalments

-

1,282

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

£

200

Ordinary

£1

200

200