Attwater & Sons Limited - Limited company - abbreviated

REGISTERED NUMBER: 00354338 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2013

for

Attwater & Sons Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr M Bate

Mr R Attwater

Mr A Goode

Mr D Swarbrick

Mrs R Kennedy

SECRETARY:

Mr M Bate

REGISTERED OFFICE:

Hopwood Street Mills

Hopwood Street

Preston

Lancashire

PR1 1UN

REGISTERED NUMBER:

00354338 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Tangible assets

2

864,723

898,909

Investments

3

660,156

1,524,879

1,559,065

CURRENT ASSETS

Stocks

834,328

845,868

Debtors

783,229

754,889

Cash at bank and in hand

46,295

32,202

1,663,852

1,632,959

CREDITORS

Amounts falling due within one year

4

1,462,115

1,331,801

NET CURRENT ASSETS

201,737

301,158

TOTAL ASSETS LESS CURRENT LIABILITIES

1,726,616

1,860,223

CREDITORS

Amounts falling due after more than one
year

4

(382,970

)

(420,077

)

PROVISIONS FOR LIABILITIES

(14,679

)

(6,122

)

NET ASSETS

1,328,967

1,434,024

CAPITAL AND RESERVES

Called up share capital

5

45,018

45,019

Revaluation reserve

328,250

338,195

Capital redemption reserve

18,001

18,000

Other reserves

192,965

Profit and loss account

744,733

839,845

SHAREHOLDERS' FUNDS

1,328,967

1,434,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 6 August 2014 and were signed on its behalf
by:

Mr R Attwater - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities

(effective April 2008).

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.

Freehold property

-

2% on cost

Fixtures and fittings

-

15% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 January 2013

2,610,010

Additions

133,267

At 31 December 2013

2,743,277

DEPRECIATION

At 1 January 2013

1,711,101

Charge for year

167,453

At 31 December 2013

1,878,554

NET BOOK VALUE

At 31 December 2013

864,723

At 31 December 2012

898,909

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2013

and 31 December 2013

660,156

NET BOOK VALUE

At 31 December 2013

660,156

At 31 December 2012

660,156

The company's investments at the balance sheet date in the share capital of companies include the

following:

Custom Composites Ltd.

Nature of business: Manufacture of composite reinforced plastics

%

Class of shares:

holding

Ordinary

100.00

31.12.13

31.12.12

£

Aggregate capital and reserves

209,201

195,615

Profit for the year

13,586

8,004

4.

CREDITORS

Creditors include an amount of £ 603,088 (31.12.12 - £ 527,349 ) for which security has been given.

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

31.12.13

31.12.12

£

Repayable by instalments

60,716

96,008

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

35,000

Ordinary

£1

35,000

10,000

4.55% Preference

£1

10,000

11

"D" Ordinary

£1

11

12

1

"A" Ordinary

£1

1

"B" Ordinary

£1

1

"C" Ordinary

£1

1

"E" Ordinary

£1

1

"F" Ordinary

£1

1

"G" Ordinary

£1

1

"H" Ordinary

£1

1

45,018

45,019

The rights of the preference shareholders include entitlement to receive a cumulative dividend at the rate of

4.55% per annum on paid up capital. The dividend entitlement is in priority to the ordinary shares. On a

winding-up, the shareholders are entitled to receive the capital paid up and also any arrears of the fixed

preference dividend. At a general meeting, the voting rights of preference shareholders are the same as

those of ordinary shareholders.