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REGISTERED NUMBER: 05739541 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

TONY WARD GARDEN FURNITURE LTD

TONY WARD GARDEN FURNITURE LTD (REGISTERED NUMBER: 05739541)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

TONY WARD GARDEN FURNITURE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTORS: Mrs L Ward
A A Ward





REGISTERED OFFICE: Collow Cottage
East Torrington
Market Rasen
Lincolnshire
LN8 5SE





REGISTERED NUMBER: 05739541 (England and Wales)





ACCOUNTANTS: Russell Payne & Co Limited
Landmark House
1 Riseholme Road
Lincoln
Lincolnshire
LN1 3SN

TONY WARD GARDEN FURNITURE LTD (REGISTERED NUMBER: 05739541)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 41,000 45,000
Tangible assets 3 4,407 4,730
45,407 49,730

CURRENT ASSETS
Stocks 11,406 13,219
Debtors 2,269 1,941
13,675 15,160
CREDITORS
Amounts falling due within one year 78,202 88,076
NET CURRENT LIABILITIES (64,527 ) (72,916 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,120

)

(23,186

)

CREDITORS
Amounts falling due after more than one
year

-

(3,796

)

PROVISIONS FOR LIABILITIES (528 ) (211 )
NET LIABILITIES (19,648 ) (27,193 )

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account (19,650 ) (27,195 )
SHAREHOLDERS' FUNDS (19,648 ) (27,193 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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.

TONY WARD GARDEN FURNITURE LTD (REGISTERED NUMBER: 05739541)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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 20 May 2016 and were signed on its behalf by:




A A Ward - Director



Mrs L Ward - Director


TONY WARD GARDEN FURNITURE LTD (REGISTERED NUMBER: 05739541)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

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 2006, is being amortised evenly over its estimated useful life of twenty 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 - 33% on cost, 25% on reducing balance and 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 80,000
AMORTISATION
At 1 January 2015 35,000
Amortisation for year 4,000
At 31 December 2015 39,000
NET BOOK VALUE

At 31 December 2015 41,000
At 31 December 2014 45,000

TONY WARD GARDEN FURNITURE LTD (REGISTERED NUMBER: 05739541)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 23,993
Additions 635
At 31 December 2015 24,628
DEPRECIATION
At 1 January 2015 19,263
Charge for year 958
At 31 December 2015 20,221
NET BOOK VALUE
At 31 December 2015 4,407
At 31 December 2014 4,730

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 Ordinary £1 2 2