Abbreviated Company Accounts - JONES GRANVILLE LIMITED

JONES GRANVILLE LIMITED - Company Information

Registered Number 02308242

JONES GRANVILLE LIMITED

Abbreviated Accounts

31 May 2014

JONES GRANVILLE LIMITED Registered Number 02308242

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	4,648	6,197
		4,648	6,197
Current assets
Debtors		11,283	15,111
Cash at bank and in hand		160,527	12,911
		171,810	28,022
Creditors: amounts falling due within one year		(183,981)	(74,503)
Net current assets (liabilities)		(12,171)	(46,481)
Total assets less current liabilities		(7,523)	(40,284)
Total net assets (liabilities)		(7,523)	(40,284)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(7,525)	(40,286)
Shareholders' funds		(7,523)	(40,284)

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 October 2014

And signed on their behalf by:
G W JONES, Director

JONES GRANVILLE LIMITED Registered Number 02308242

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings - 25% per annum (reducing balance basis)
Motor Vehicles - 25% per annum (reducing balance basis)
Office Equipment - 25% per annum (reducing balance basis)

2Tangible fixed assets

	£
Cost
At 1 June 2013	76,857
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	76,857
Depreciation
At 1 June 2013	70,660
Charge for the year	1,549
On disposals	-
At 31 May 2014	72,209
Net book values
At 31 May 2014	4,648
At 31 May 2013	6,197