J.D. BEEBY LIMITED
|
Notes to the Accounts |
for the year ended 31 March 2017
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
|
|
|
Plant and machinery |
25% on reducing balance |
|
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
|
|
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price).
|
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
|
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
|
|
|
2 |
Employees |
2017 |
|
2016 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
2 |
|
|
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 April 2016 |
4,332 |
|
At 31 March 2017 |
4,332 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2016 |
2,738 |
|
Charge for the year |
399 |
|
At 31 March 2017 |
3,137 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
1,195 |
|
At 31 March 2016 |
1,594 |
|
|
|
|
|
|
|
|
|
|
|
|
4 |
Debtors |
2017 |
|
2016 |
£ |
£ |
|
|
Trade debtors |
- |
|
2,065 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
£ |
£ |
|
|
Trade creditors |
- |
|
1,610 |
|
Corporation tax |
2,067 |
|
2,460 |
|
Other creditors |
16,689 |
|
17,550 |
|
|
|
|
|
|
18,756 |
|
21,620 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
J.D. BEEBY LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Sir Robert Peel House |
|
178 Bishopsgate |
|
London |
|
EC2M 4NJ |