Company Registration No. 06558198 (England and Wales)
J W JONES LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
J W JONES LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
J W JONES LTD
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
84,000
90,000
Tangible assets
2
63,191
64,170
147,191
154,170
Current assets
Stocks
1,000
1,000
Debtors
22,129
31,728
23,129
32,728
Creditors: amounts falling due within one year
(45,488)
(70,184)
Net current liabilities
(22,359)
(37,456)
Total assets less current liabilities
124,832
116,714
Provisions for liabilities
(1,023)
(1,023)
123,809
115,691
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
123,808
115,690
Shareholder's funds
123,809
115,691
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his 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 31 January 2017
Mr J Jones
Director
Company Registration No. 06558198
J W JONES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
Plant and machinery
25% reducing balance
Computer equipment
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2015
120,000
94,896
214,896
Additions
-
1,900
1,900
At 30 April 2016
120,000
96,796
216,796
Depreciation
At 1 May 2015
30,000
30,726
60,726
Charge for the year
6,000
2,879
8,879
At 30 April 2016
36,000
33,605
69,605
Net book value
At 30 April 2016
84,000
63,191
147,191
At 30 April 2015
90,000
64,170
154,170
J W JONES LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1