REGISTERED NUMBER: 05426385

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

A & M Wingate Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs M J Wingate

A J Wingate

SECRETARY:

Mrs M J Wingate

REGISTERED OFFICE:

32 Burgate

Barton Upon Humber

North Lincolnshire

DN18 5HA

REGISTERED NUMBER:

05426385

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

2,708

2,880

2,708

2,880

CURRENT ASSETS

Stocks

11,474

12,611

Debtors

12,190

12,543

Cash at bank and in hand

5,784

4,365

29,448

29,519

CREDITORS

Amounts falling due within one year

4

16,019

16,067

NET CURRENT ASSETS

13,429

13,452

TOTAL ASSETS LESS CURRENT LIABILITIES

16,137

16,332

CREDITORS

Amounts falling due after more than one year

4

42,670

50,342

NET LIABILITIES

(26,533

)

(34,010

)

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

(26,535

)

(34,012

)

SHAREHOLDERS' FUNDS

(26,533

)

(34,010

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 28 October 2016 and were signed on its behalf by:

Mrs M J Wingate - Director

A J Wingate - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

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

-

10% 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.

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.

Grants receivable

Grants received are to be amortised in line with the depreciation rate applied to the assets covered by the grant.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

120,000

AMORTISATION

At 1 June 2015

and 31 May 2016

120,000

NET BOOK VALUE

At 31 May 2016

-

At 31 May 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

31,768

Additions

400

At 31 May 2016

32,168

DEPRECIATION

At 1 June 2015

28,888

Charge for year

572

At 31 May 2016

29,460

NET BOOK VALUE

At 31 May 2016

2,708

At 31 May 2015

2,880

4.

CREDITORS

Creditors include an amount of £ 54,676 (2015 - £ 62,348 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2016 and

31 May 2015:

2016

2015

£

£

Mrs M J Wingate

Balance outstanding at start of year

9,939

10,224

Amounts repaid

353

(285

)

Balance outstanding at end of year

9,586

9,939

No interest was charged on the loan.