Company Registration No. 01253609 (England and Wales)
JONATHAN POTTER LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
JONATHAN POTTER LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
JONATHAN POTTER LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
16,108
13,246
Current assets
Stocks
264,191
299,118
Debtors
21,203
13,142
Cash at bank and in hand
930
36,701
286,324
348,961
Creditors: amounts falling due within one year
(84,438)
(81,637)
Net current assets
201,886
267,324
Total assets less current liabilities
217,994
280,570
Provisions for liabilities
(1,801)
(2,494)
216,193
278,076
Capital and reserves
Called up share capital
3
3,250
3,250
Other reserves
1,750
1,750
Profit and loss account
211,193
273,076
Shareholders' funds
216,193
278,076
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 11 June 2017
J R M Potter
Director
Company Registration No. 01253609
JONATHAN POTTER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Short leasehold
Over lease term
Plant and machinery etc.
15% straight line
1.5
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.7
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
JONATHAN POTTER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015
82,751
Additions
12,475
Disposals
(13,630)
At 30 September 2016
81,596
Depreciation
At 1 October 2015
69,505
On disposals
(8,632)
Charge for the period
4,615
At 30 September 2016
65,488
Net book value
At 30 September 2016
16,108
At 30 September 2015
13,246
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
3,250 ordinary shares of £1 each
3,250
3,250