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REGISTERED NUMBER: 05739541 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

TONY WARD GARDEN FURNITURE LTD

TONY WARD GARDEN FURNITURE LTD (REGISTERED NUMBER: 05739541)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TONY WARD GARDEN FURNITURE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







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: Dexter & Sharpe (Lincoln) Ltd
Landmark House
1 Riseholme Road
Lincoln
Lincolnshire
LN1 3SN

TONY WARD GARDEN FURNITURE LTD (REGISTERED NUMBER: 05739541)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,000 41,000
Tangible assets 5 3,688 4,407
40,688 45,407

CURRENT ASSETS
Stocks 12,060 11,406
Debtors 6 276 2,269
12,336 13,675
CREDITORS
Amounts falling due within one year 7 71,038 78,202
NET CURRENT LIABILITIES (58,702 ) (64,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,014

)

(19,120

)

PROVISIONS FOR LIABILITIES 149 528
NET LIABILITIES (18,163 ) (19,648 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (18,165 ) (19,650 )
SHAREHOLDERS' FUNDS (18,163 ) (19,648 )

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 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)

BALANCE SHEET - continued
31 DECEMBER 2016


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 Board of Directors on 4 April 2017 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 FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Tony Ward Garden Furniture Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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.

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 that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

TONY WARD GARDEN FURNITURE LTD (REGISTERED NUMBER: 05739541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2016
and 31 December 2016 80,000
AMORTISATION
At 1 January 2016 39,000
Charge for year 4,000
At 31 December 2016 43,000
NET BOOK VALUE
At 31 December 2016 37,000
At 31 December 2015 41,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 24,628
Additions 139
At 31 December 2016 24,767
DEPRECIATION
At 1 January 2016 20,221
Charge for year 858
At 31 December 2016 21,079
NET BOOK VALUE
At 31 December 2016 3,688
At 31 December 2015 4,407

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 276 1,488
Other debtors - 781
276 2,269

TONY WARD GARDEN FURNITURE LTD (REGISTERED NUMBER: 05739541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans and overdrafts 35,760 42,979
Trade creditors 3,604 2,437
Taxation and social security 5,227 7,703
Other creditors 26,447 25,083
71,038 78,202

8. RELATED PARTY DISCLOSURES

Included within creditors due within one year is a directors loan account balance of £25,966.

During the year, the company paid £18,600 (2015 - £18,600) to Mr and Mrs A A Ward in respect of rent and
utilities owing to their retained ownership of the workshop and office. These transactions were made at arm's
length and at a commercial value.