Registration number:
ACCOUNTING PERIOD DATA UPDATE REQUIREDSelect the Update button on the Summary or Disclosure tab
Unaudited Abbreviated Accounts
for the Year Ended
J B Stainless & Alloys Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 7 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
J B Stainless & Alloys Limited
for the Year Ended 31 March 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J B Stainless & Alloys Limited for the year ended 31 March 2015 set out on pages 4 to 15 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of J B Stainless & Alloys Limited, as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of J B Stainless & Alloys Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J B Stainless & Alloys Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that J B Stainless & Alloys Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of J B Stainless & Alloys Limited. You consider that J B Stainless & Alloys Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of J B Stainless & Alloys Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
S1 1WR
5 October 2015
J B Stainless & Alloys Limited
(Registration number: 02213422)
Abbreviated Balance Sheet at 31 March 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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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 |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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2
J B Stainless & Alloys Limited
(Registration number: 02213422)
Abbreviated Balance Sheet at 31 March 2015
......... continued
Approved by the Board on
.........................................
Mr J Bamforth (Jnr)
Director
3
J B Stainless & Alloys Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis.
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 |
Plant and machinery |
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Fixtures and fittings |
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Motor vehicles |
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Office equipment |
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Stock
Deferred tax
J B Stainless & Alloys Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Foreign currency
Hire purchase and leasing
Financial instruments
Pensions
J B Stainless & Alloys Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 April 2014 |
182,778 |
182,778 |
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Additions |
10,528 |
10,528 |
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At 31 March 2015 |
193,306 |
193,306 |
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Depreciation |
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At 1 April 2014 |
134,902 |
134,902 |
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Charge for the year |
8,971 |
8,971 |
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At 31 March 2015 |
143,873 |
143,873 |
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Net book value |
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At 31 March 2015 |
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At 31 March 2014 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due within one year |
246,631 |
282,413 |
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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J B Stainless & Alloys Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Related party transactions |
Directors' loan accounts
The following balances owed to/(by) the directors were outstanding at the year end:
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Maximum balance |
2015 |
2014 |
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£ |
£ |
£ |
J Bamforth (Jnr) |
(11,423) |
(11,423) |
(9,195) |
J Bamforth (Snr) Dec'd |
(589) |
(589) |
(518) |
A Bamforth-West |
(6,942) |
(6,942) |
(3,142) |
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(18,954) |
(18,954) |
(12,855) |
Directors' advances and credits
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J Bamforth (Jnr) |
J Bamforth (Snr) Dec'd |
A Bamforth -West |
Opening balance owed to/(by) the director |
(9,195) |
(518) |
(3,142) |
Private expenditure charged to the company |
(3,428) |
(71) |
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Loans advanced by the company |
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(5,000) |
Amounts repaid to the company |
1,200 |
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1,200 |
Closing balance owed to/(by) the director |
(11,423) |
(589) |
(6,942) |
No interest is charged in respect of these balances.