| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 May 2016 |
| for |
| A & J Walmsley Limited |
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 May 2016 |
| for |
| A & J Walmsley Limited |
| A & J Walmsley Limited (Registered number: 05125716) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 May 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 7 |
| A & J Walmsley Limited |
| Company Information |
| for the Year Ended 31 May 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| A & J Walmsley Limited (Registered number: 05125716) |
| Abbreviated Balance Sheet |
| 31 May 2016 |
| 31.5.16 | 31.5.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| A & J Walmsley Limited (Registered number: 05125716) |
| Abbreviated Balance Sheet - continued |
| 31 May 2016 |
| The financial statements were approved by the Board of Directors on |
| A & J Walmsley Limited (Registered number: 05125716) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 May 2016 |
| 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). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| Turnover |
| Turnover represents the value of services provided by the company in the period, excluding value added tax. |
| Goodwill |
| Tangible fixed assets |
| Motor vehicles | - |
| Computer equipment | - |
| 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 which have originated but not reversed at the |
| balance sheet date. Timing differences are differences between taxable profits and the results as stated in the |
| financial statements which arise from the inclusion of gains and losses in tax assessments in periods different |
| from those in which they are recognised in the financial statements. |
| Deferred tax is not recognised when fixed assets are revalued unless by the balance sheet date there is a binding |
| agreement to sell the revalued asset and the resulting gain or loss has been recognised in the financial statements. |
| Neither is deferred tax recognised when fixed assets are sold and it is more likely than not that the taxable gain |
| will be rolled over, being charged tax only if and when the replacement assets are sold. |
| Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing |
| differences are expected to reverse, based on tax rates and laws which have been enacted or substantively |
| enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis. |
| 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. |
| A & J Walmsley Limited (Registered number: 05125716) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 May 2016 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2015 |
| and 31 May 2016 |
| AMORTISATION |
| At 1 June 2015 |
| Amortisation for year |
| At 31 May 2016 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2015 |
| and 31 May 2016 |
| DEPRECIATION |
| At 1 June 2015 |
| Charge for year |
| At 31 May 2016 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.5.16 | 31.5.15 |
| value: | £ | £ |
| Ordinary | £1 |
| A & J Walmsley Limited (Registered number: 05125716) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 May 2016 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 May 2016 and |
| 31 May 2015: |
| 31.5.16 | 31.5.15 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| The loan due from the directors is unsecured, free of interest, and repayable on demand. |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| A & J Walmsley Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have |
| been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of A & J Walmsley Limited for the year ended 31 May 2016 which comprise the Profit and Loss |
| Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of A & J Walmsley Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & J Walmsley Limited and state those matters that we have agreed to state to the Board of Directors of A & J Walmsley Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & J Walmsley Limited Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that A & J Walmsley Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & J Walmsley Limited. You consider that A & J Walmsley Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of A & J Walmsley Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 6 February 2017 |