Registered Number 04710232

LES HEYWOOD & SON LIMITED

Abbreviated Accounts

31 March 2016

LES HEYWOOD & SON LIMITED Registered Number 04710232

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 21,000 24,000
Tangible assets 3 10,399 13,848
31,399 37,848
Current assets
Stocks 3,651 5,442
Debtors 24,479 25,789
28,130 31,231
Prepayments and accrued income 1,409 1,257
Creditors: amounts falling due within one year (52,881) (59,479)
Net current assets (liabilities) (23,342) (26,991)
Total assets less current liabilities 8,057 10,857
Creditors: amounts falling due after more than one year (4,134) (710)
Accruals and deferred income (1,000) (1,000)
Total net assets (liabilities) 2,923 9,147
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,823 9,047
Shareholders' funds 2,923 9,147
  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 December 2016

And signed on their behalf by:
A Heywood, Director

LES HEYWOOD & SON LIMITED Registered Number 04710232

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.

Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
Computer equipment 33.33% Straight line
Office equipment 15% reducing balance

Intangible assets amortisation policy
Goodwill is being written off in equal annual instalments over its estimated economic life of 20
years.

2Intangible fixed assets
£
Cost
At 1 April 2015 60,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 60,000
Amortisation
At 1 April 2015 36,000
Charge for the year 3,000
On disposals -
At 31 March 2016 39,000
Net book values
At 31 March 2016 21,000
At 31 March 2015 24,000
3Tangible fixed assets
£
Cost
At 1 April 2015 53,360
Additions 216
Disposals -
Revaluations -
Transfers -
At 31 March 2016 53,576
Depreciation
At 1 April 2015 39,512
Charge for the year 3,665
On disposals -
At 31 March 2016 43,177
Net book values
At 31 March 2016 10,399
At 31 March 2015 13,848

4Transactions with directors

Name of director receiving advance or credit: Alan Heywood
Description of the transaction: Directors Loan Account
Balance at 1 April 2015: -
Advances or credits made: £ 4,699
Advances or credits repaid: -
Balance at 31 March 2016: £ 4,699