Michael D Jones Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08023087 (England and Wales)

Abbreviated Accounts for the Year Ended 30th April 2014

for

Michael D Jones Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M D Jones

Mrs U E Jones

SECRETARY:

REGISTERED OFFICE:

'The Subbage'

Tedstone Wafre

Bromyard

Herefordshire

HR7 4PZ

REGISTERED NUMBER:

08023087 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Chartered Accountants

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Tangible assets

2

16,238

5,300

CURRENT ASSETS

Debtors

54,537

41,497

CREDITORS

Amounts falling due within one year

3

54,164

46,109

NET CURRENT ASSETS/(LIABILITIES)

373

(4,612

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,611

688

CREDITORS

Amounts falling due after more than one year

15,710

-

NET ASSETS

901

688

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

899

686

SHAREHOLDERS' FUNDS

901

688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22nd January 2015 and were signed on its behalf by:

M D Jones - Director

1.	ACCOUNTING POLICIES

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 April 2008).

TURNOVER

Turnover represents net invoiced sales of services, excluding value added tax.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2013

6,634

Additions

19,909

Disposals

(6,140

)

At 30th April 2014

20,403

DEPRECIATION

At 1st May 2013

1,334

Charge for year

4,059

Eliminated on disposal

(1,228

)

At 30th April 2014

4,165

NET BOOK VALUE

At 30th April 2014

16,238

At 30th April 2013

5,300

3.

CREDITORS

Creditors include an amount of £ 12,233 (2013 - £ 22,829 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30th April 2014 and the period

ended 30th April 2013:

2014

2013

£

£

M D Jones and Mrs U E Jones

Balance outstanding at start of year

27,631

-

Amounts advanced

77,989

27,631

Amounts repaid

(70,477

)

-

Balance outstanding at end of year

35,143

27,631

Interest has been charged on this loan at 4%.