Company Registration No. 08959954 (England and Wales)
BOB JONES AND DAUGHTERS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
LB GROUP
82 East Hill
Colchester
Essex
CO1 2QW
BOB JONES AND DAUGHTERS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BOB JONES AND DAUGHTERS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
132,733
-
Current assets
Stocks
8,125
-
Debtors
75,982
-
Cash at bank and in hand
673
1
84,780
1
Creditors: amounts falling due within one year
(40,294)
-
Net current assets
44,486
1
Total assets less current liabilities
177,219
1
Capital and reserves
Called up share capital
3
1
1
Revaluation reserve
132,731
-
Profit and loss account
44,487
-
Shareholder's funds
177,219
1
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 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 4 November 2016
Mr R W Jones
Director
Company Registration No. 08959954
BOB JONES AND DAUGHTERS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings 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 or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Leasehold Property Investments
2% on cost
Plant and machinery
25% Reducing balance
Fixtures, fittings & equipment
25% Reducing balance
1.5
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.
1.6
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company has not prepared group accounts as it is exempt from the requirement to do so by section 400 of the Companies Act 2006 as it is a subsidiary undertaking of
Bob Jones Limited
, a
small
company incorporated in
England and Wales.
1.7
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument
is any
contract that evidences a residual interest in the assets of the company after deducting all of its
liabilities.
BOB JONES AND DAUGHTERS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 April 2015
-
Additions
3,781
Revaluation
132,549
At 31 March 2016
136,330
Depreciation
At 1 April 2015
-
Charge for the year
3,597
At 31 March 2016
3,597
Net book value
At 31 March 2016
132,733
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1
4
Ultimate parent company
The company's ultimate parent company is Bob Jones Limited, a company registered in England and Wales. Bob Jones Limited owns 100% of the share capital of Bob Jones and Daughters Limited.