Registration number:
Unaudited
Abbreviated Accounts
Year Ended
R T Julian & Son Limited
Contents
|
|||
|
R T Julian & Son Limited
(Registration number:
04216674
)
Abbreviated Balance Sheet
at
30 April 2015
Note |
2015
|
2014
|
|||||||
Fixed assets |
|||||||||
Tangible fixed assets |
|
|
|||||||
Current assets |
|||||||||
Debtors |
|
|
|||||||
Cash at bank and in hand |
|
|
|||||||
|
|
||||||||
Creditors: Amounts falling due within one year |
( |
( |
|||||||
Net current liabilities |
( |
( |
|||||||
Total assets less current liabilities |
|
|
|||||||
Creditors: Amounts falling due after more than one year |
( |
( |
|||||||
Provisions for liabilities |
( |
( |
|||||||
Net liabilities |
( |
( |
|||||||
Capital and reserves |
|||||||||
Called up share capital |
|
|
|||||||
Profit and loss account |
( |
( |
|||||||
Shareholders' deficit |
( |
( |
1
R T Julian & Son Limited
(Registration number:
04216674
)
Abbreviated Balance Sheet
at
30 April 2015
......... continued
These abbreviated accounts were approved by the director and authorised for issue on
.........................................
Mr B J Julian
Director
2
R T Julian & Son Limited
Notes to the Abbreviated Accounts
Year Ended 30 April 2015
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis.
At the balance sheet date the company's liabilities exceeded its assets. The company continues to service its debt. The company's interim results show maintained profitability, the Director anticipates it doing so for the foreseeable future and is negotiating borrowing facilities in relation to existing and future projects.
On this basis the Director considers it appropriate to prepare accounts on a going concern basis. However, should the continued financial support of the Company's lenders and creditors, together with the maintained profitability referred to above, not be achieved, the going concern basis used in preparing the company's accounts may be invalid. Accordingly, adjustments would then have to be made to adjust the value of the assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Short leasehold property |
|
Assets in course of construction |
|
Plant and Machinery |
|
Equipment |
|
Motor Vehicles |
|
Deferred tax
R T Julian & Son Limited
Notes to the Abbreviated Accounts
Year Ended 30 April 2015
......... continued
Hire purchase and leasing
Financial instruments
Fixed assets |
Tangible assets
|
Total
|
|||||
Cost |
||||||
At 1 May 2014 |
887,200 |
887,200 |
||||
Additions |
812,998 |
812,998 |
||||
Disposals |
(4,649) |
(4,649) |
||||
At 30 April 2015 |
1,695,549 |
1,695,549 |
||||
Depreciation |
||||||
At 1 May 2014 |
91,864 |
91,864 |
||||
Charge for the year |
61,810 |
61,810 |
||||
Eliminated on disposals |
(1,163) |
(1,163) |
||||
At 30 April 2015 |
152,511 |
152,511 |
||||
Net book value |
||||||
At 30 April 2015 |
|
|
||||
At 30 April 2014 |
|
|
R T Julian & Son Limited
Notes to the Abbreviated Accounts
Year Ended 30 April 2015
......... continued
Creditors |
Included in the creditors are the following amounts due after more than five years:
2015
|
2014
|
|||||
After more than five years by instalments |
|
|
||||
After more than five years not by instalments |
|
|
||||
733,085 |
547,939 |
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
|||||||||||
No. |
£ |
No. |
£ |
|||||||||
|
|
|
|
|
||||||||
Control |
The company is controlled by