REGISTERED NUMBER: 00354338 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

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

737,914

864,723

Investments

3

660,156

660,156

1,398,070

1,524,879

CURRENT ASSETS

Stocks

865,500

834,328

Debtors

704,645

783,229

Cash at bank and in hand

29,709

46,295

1,599,854

1,663,852

CREDITORS

Amounts falling due within one year

4

1,344,896

1,462,115

NET CURRENT ASSETS

254,958

201,737

TOTAL ASSETS LESS CURRENT LIABILITIES

1,653,028

1,726,616

CREDITORS

Amounts falling due after more than one year

4

(295,250

)

(382,970

)

PROVISIONS FOR LIABILITIES

(4,547

)

(14,679

)

NET ASSETS

1,353,231

1,328,967

CAPITAL AND RESERVES

Called up share capital

5

45,016

45,018

Revaluation reserve

318,305

328,250

Capital redemption reserve

18,003

18,001

Other reserves

192,965

192,965

Profit and loss account

778,942

744,733

SHAREHOLDERS' FUNDS

1,353,231

1,328,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 19 August 2015 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

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 2014

2,743,277

Additions

29,347

Disposals

(19,990

)

At 31 December 2014

2,752,634

DEPRECIATION

At 1 January 2014

1,878,554

Charge for year

146,162

Eliminated on disposal

(9,996

)

At 31 December 2014

2,014,720

NET BOOK VALUE

At 31 December 2014

737,914

At 31 December 2013

864,723

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

660,156

NET BOOK VALUE

At 31 December 2014

660,156

At 31 December 2013

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

31.12.14

31.12.13

£

£

Aggregate capital and reserves

235,112

209,201

Profit for the year

25,911

13,586

4.

CREDITORS

Creditors include an amount of £ 556,765 (31.12.13 - £ 603,088 ) for which security has been given.

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

31.12.14

31.12.13

£

£

Repayable by instalments

21,316

60,716

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

35,000

Ordinary

£1

35,000

35,000

10,000

4.55% Preference

£1

10,000

10,000

10

"D" Ordinary

£1

10

11

1

"A" Ordinary

£1

1

1

1

"B" Ordinary

£1

1

1

NIL

"C" Ordinary

£1

-

1

1

"E" Ordinary

£1

1

1

1

"F" Ordinary

£1

1

1

1

"G" Ordinary

£1

1

1

1

"H" Ordinary

£1

1

1

45,016

45,018

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.