Charles H Julian Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC158347 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

CHARLES H JULIAN LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

I V Lockwood

Mrs M Lockwood

SECRETARY:

I V Lockwood

REGISTERED OFFICE:

2 Bonnington Bond

2 Anderson Place

Edinburgh

EH6 5NP

REGISTERED NUMBER:

SC158347 (Scotland)

ACCOUNTANTS:

Clemence Hoar Cummings LLP

Riverside House

1 - 5 Como Street

Romford

Essex

RM7 7DN

FIXED ASSETS

Tangible assets

2

686

915

Investments

3

29,820

29,820

30,506

30,735

CURRENT ASSETS

Stocks

5,437

13,769

Debtors

39,153

79,534

Cash at bank

12,728

-

57,318

93,303

CREDITORS

Amounts falling due within one year

113,815

137,184

NET CURRENT LIABILITIES

(56,497

)

(43,881

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,991

)

(13,146

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(25,993

)

(13,148

)

SHAREHOLDERS' FUNDS

(25,991

)

(13,146

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 24 February 2015 and were signed on its behalf by:

I V Lockwood - 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 goods, 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.

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

11,449

DEPRECIATION

At 1 June 2013

10,534

Charge for year

229

At 31 May 2014

10,763

NET BOOK VALUE

At 31 May 2014

686

At 31 May 2013

915

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 June 2013

and 31 May 2014

50,800

PROVISIONS

At 1 June 2013

and 31 May 2014

20,980

NET BOOK VALUE

At 31 May 2014

29,820

At 31 May 2013

29,820

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2