Registered Number
:
05041453
|
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2016
JA Francis & Son Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
JA Francis & Son Limited
Statement of Financial Position
2015
2016
Property
,
plant and equipment
|
133,299
141,138
2
133,299
141,138
102,800
47,159
Trade and other receivables
|
125,936
351,172
3
326,127
Cash and cash equivalents
|
296,739
695,070
554,863
Trade and other payables
:
amounts falling due within one
|
year
|
(248,848)
(287,952)
4
306,015
407,118
Net current assets
Total assets less current liabilities
|
540,417
447,153
(22,713)
(24,593)
Provisions for liabilities
|
517,704
Net assets
422,560
129,040
129,040
388,664
293,520
517,704
422,560
Shareholders' funds
For the year ended 31 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 12 April 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2016
JA Francis & Son Limited
Notes to the Financial Statements
Statutory Information
JA Francis
&
Son Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
05041453
.
|
Mile Brook
Knighton
Powys
SY9 4AD
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Plant and machinery
Computer equipment
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
2 of 4
For the year ended 31 December 2016
JA Francis & Son Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
Land
390,801
17,487
70,410
288,371
14,533
24,090
4,740
-
19,350
-
307,721
70,410
22,227
414,891
14,533
Provision for depreciation and impairment
|
249,663
11,432
34,596
203,635
-
Charge for year
31,929
2,159
8,953
20,817
-
281,592
13,591
43,549
224,452
-
14,533
83,269
26,861
8,636
133,299
14,533
84,736
35,814
6,055
141,138
3
.
Trade and other receivables
|
2015
2016
341,360
116,986
Prepayments and accrued income
|
9,812
8,950
125,936
351,172
4
.
Trade and other payables
:
amounts falling due within one year
|
2015
2016
49,125
32,935
Taxation and social security
|
72,813
38,021
Accruals and deferred income
|
9,650
8,766
Directors
'
current accounts
|
156,364
169,126
287,952
248,848
Directors current accounts of £156364, comprises of £1012 owed to current director, Mr AJ Francis and £155352 owed to former directors of the company.The amounts owed to former directors are secured by a debenture charge over the company's assets dated 2nd July 2012.
|
5
.
Related party transactions
|
The Company paid a dividend of £22000 to Mr A Francis, a director.
3 of 4
For the year ended 31 December 2016
JA Francis & Son Limited
Notes to the Financial Statements Continued
6
.
Average number of persons employed
|
During the year the average number of employees was 12 (2015 12)
7
.
Transition to FRS
102
|
These Financial Statements for the year ended
31
st December
2016
are the first financial statements that comply
|
with FRS
102
Section
1
A small entities
.
The date of transition is
1
st January
2014
.
|
4 of 4