REGISTERED NUMBER: 00372615 (England and Wales)

ABEL WOODHEAD & SONS (CHEMICALS) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr G Woodhead

SECRETARY:

Mr G Woodhead

REGISTERED OFFICE:

Liphill Bank Chemical Works

Liphill Bank Lane

Holmfirth

West Yorkshire

HD9 2LH

REGISTERED NUMBER:

00372615 (England and Wales)

ACCOUNTANTS:

Sheards

Chartered Accountants

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

BANKERS:

HSBC Bank Plc

28 Victoria Street

Holmfirth

Huddersfield

West Yorkshire

HD9 7DD

FIXED ASSETS

Tangible assets

3

39,975

28,417

CURRENT ASSETS

Debtors

4

-

133

Cash at bank

19

712

19

845

CREDITORS

Amounts falling due within one year

5

(129,414

)

(112,001

)

NET CURRENT LIABILITIES

(129,395

)

(111,156

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(89,420

)

(82,739

)

CAPITAL AND RESERVES

Called up share capital

2,500

2,500

Retained earnings

(91,920

)

(85,239

)

SHAREHOLDERS' FUNDS

(89,420

)

(82,739

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 18 August 2017 and were signed by:

Mr G Woodhead - Director

1.	STATUTORY INFORMATION

Abel Woodhead & Sons (Chemicals) Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

-

3% on reducing balance

Plant and machinery

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

3.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

property

leasehold

machinery

Totals

£

£

£

£

COST

At 1 January 2016

44,951

127

10,029

55,107

Additions

12,433

-

-

12,433

At 31 December 2016

57,384

127

10,029

67,540

DEPRECIATION

At 1 January 2016

16,882

-

9,808

26,690

Charge for year

842

-

33

875

At 31 December 2016

17,724

-

9,841

27,565

NET BOOK VALUE

At 31 December 2016

39,660

127

188

39,975

At 31 December 2015

28,069

127

221

28,417

Included in cost of land and buildings is freehold land of £ 127 (2015 - £ 127 ) which is not depreciated.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other debtors

-

133

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other creditors

129,414

112,001

6.	FIRST YEAR ADOPTION

The director has given due consideration to the transition to FRS 102 Section 1A, and have concluded that any

identified adjustments are not material; consequently, no changes have arisen in the comparative figures