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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2016

FOR

HENRY WILLIS & SONS LIMITED

HENRY WILLIS & SONS LIMITED (REGISTERED NUMBER: 00070718)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH JUNE 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

HENRY WILLIS & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2016







DIRECTORS: Dr D G G Wyld
J Bowden
F S Preston



SECRETARY: J Bowden



REGISTERED OFFICE: Rotunda Organ Works
72 St Anne Street
Liverpool
Merseyside
L3 3DY



REGISTERED NUMBER: 00070718 (England and Wales)



ACCOUNTANTS: Barter Durgan & Muir
Chartered Accountants
35 Lavant Street
Petersfield
Hampshire
GU32 3EL



BANKERS: Barclays Bank plc
10 The Square
Petersfield
Hampshire
GU32 3HW

HENRY WILLIS & SONS LIMITED (REGISTERED NUMBER: 00070718)

ABBREVIATED BALANCE SHEET
30TH JUNE 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 516,929 516,353

CURRENT ASSETS
Stocks 70,750 55,442
Debtors 30,570 37,847
Cash in hand 27 117
101,347 93,406
CREDITORS
Amounts falling due within one year 3 364,703 330,432
NET CURRENT LIABILITIES (263,356 ) (237,026 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,573

279,327

CREDITORS
Amounts falling due after more than one
year

3

320,549

347,117
NET LIABILITIES (66,976 ) (67,790 )

CAPITAL AND RESERVES
Called up share capital 4 66,580 66,580
Share premium 93,002 93,002
Profit and loss account (226,558 ) (227,372 )
SHAREHOLDERS' FUNDS (66,976 ) (67,790 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

HENRY WILLIS & SONS LIMITED (REGISTERED NUMBER: 00070718)

ABBREVIATED BALANCE SHEET - continued
30TH JUNE 2016


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 29th March 2017 and were signed on its behalf by:




Dr D G G Wyld - Director



J Bowden - Director


HENRY WILLIS & SONS LIMITED (REGISTERED NUMBER: 00070718)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30TH JUNE 2016

1. ACCOUNTING POLICIES

Going concern
The financial statements are prepared on the going concern basis which the directors consider appropriate in
view of the continuing support of the company's bankers, directors and shareholders.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land and buildings - nil
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 5% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33 1/3% on cost and 15% on reducing balance

Stock and work in progress
Raw materials, consumables and finished goods are valued at the lower of cost and net realisable value, after
making due allowance for obsolete and slow moving items.

Work in progress is valued in accordance with UITF 40.

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.

HENRY WILLIS & SONS LIMITED (REGISTERED NUMBER: 00070718)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30TH JUNE 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st July 2015 589,021
Additions 3,600
At 30th June 2016 592,621
DEPRECIATION
At 1st July 2015 72,668
Charge for year 3,024
At 30th June 2016 75,692
NET BOOK VALUE
At 30th June 2016 516,929
At 30th June 2015 516,353

The freehold property is stated at its cost when purchased. In the opinion of the Directors the current market
value of the property is at least £1,250,000.

3. CREDITORS

Creditors include an amount of £ 409,103 (2015 - £ 388,452 ) for which security has been given.

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

2016 2015
£    £   
Repayable by instalments 232,463 252,617

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
13,316 Ordinary £5 66,580 66,580