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Abbreviated Unaudited Accounts for the Year Ended 31 August 2016 |
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A & J Law (Mobility Matters) Ltd |
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Abbreviated Unaudited Accounts for the Year Ended 31 August 2016 |
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for |
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A & J Law (Mobility Matters) Ltd |
A & J Law (Mobility Matters) Ltd (Registered number: SC419982) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 August 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
A & J Law (Mobility Matters) Ltd |
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Company Information |
for the Year Ended 31 August 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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A & J Law (Mobility Matters) Ltd (Registered number: SC419982) |
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Abbreviated Balance Sheet |
31 August 2016 |
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31.8.16 | 31.8.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the Board of Directors on
by: |
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A & J Law (Mobility Matters) Ltd (Registered number: SC419982) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 August 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Preparation of consolidated financial statements |
The financial statements contain information about A & J Law (Mobility Matters) Ltd as an individual company. |
The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare |
consolidated financial statements as its subsidiary undertakings are included by full consolidation in the |
consolidated financial statements of its parent, A & J Law Group Ltd, a company registered in Scotland. |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Plant & Machinery - 20% reducing balance |
Motor Vehicles - 25% reducing balance |
Computer equipment - 33.33% reducing balance |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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2. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 September 2015 |
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Additions |
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Disposals | ( |
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At 31 August 2016 |
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DEPRECIATION |
At 1 September 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 August 2016 |
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NET BOOK VALUE |
At 31 August 2016 |
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At 31 August 2015 |
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A & J Law (Mobility Matters) Ltd (Registered number: SC419982) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 August 2016 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.16 | 31.8.15 |
value: | £ | £ |
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Ordinary Shares | £1 |
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4. | ULTIMATE PARENT COMPANY |
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A & J Law Group Ltd owns 100% of the share capital. |
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5. | RELATED PARTY DISCLOSURES |
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Director |
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At the balance sheet date the amount due to Mr A Law as £1,103 (2015:£14,306).There are no specific |
repayment terms, interest was accrued on a compound basis. There was unpaid interest at the year end date of |
£841 (2015: £4,937). |
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During the year the business paid a rent of £6,375 (2015: £6,375) to Mr A Law's self-invested personal pension, |
this was carried out on normal commercial terms. |
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31.8.16 | 31.8.15 |
£ | £ |
Amount due to related party at the balance sheet date |
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Director |
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At the balance sheet date the amount due to Mr J Law was £528 (2015: £13,701).There are no specific |
repayment terms, interest was accrued on a compound basis. Unpaid interest at the year end date was |
£718(2015: £4,970). |
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31.8.16 | 31.8.15 |
£ | £ |
Amount due to related party at the balance sheet date |
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A & J Law Group Ltd - SC419946 |
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Parent company |
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During the year a dividend of £35,000 (2015: £8,000) was paid to A & J Law Group Ltd |
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At the balance sheet date the amount due from A & J Law Group Ltd was £20,345 (2015: £22,839).There are no |
specific repayment terms and no interest is due on the balance. |
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31.8.16 | 31.8.15 |
£ | £ |
Amount due from related party at the balance sheet date |
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A & J Law (Mobility Matters) Ltd (Registered number: SC419982) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 August 2016 |
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5. | RELATED PARTY DISCLOSURES - continued |
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J & A Law(The Waterpoint) Ltd |
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Subsidiary of parent company |
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At the balance sheet date the amount due from J & A Law ( The Waterpoint) Ltd was £17,633 (2015: |
£7,778).There are no specific repayment terms and no interest is due on the balance. |
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31.8.16 | 31.8.15 |
£ | £ |
Amount due from related party at the balance sheet date |
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Mrs A Jamieson |
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Company secretary |
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Mrs A Jamieson has a sole trader business as a bookkeeper from whom the company bought services to the value |
of £7,429 (2015: £5,605) on normal commercial terms. |