Accounts filed on 31-12-2018


ACCOUNTS
FOR THE YEAR ENDED 31/12/2018





DIRECTORS
J J Littlewood
G A Littlewood



SECRETARY
Mr G A Littlewood


REGISTERED OFFICE
Ponsford Road
Minehead
Somerset
TA24 5DX


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01243441



ACCOUNTANTS
Ian Dalzell Ltd
Broughton Lodge Mews
Field Broughton
Grange-over-Sands
Cumbria
LA11 6HL


ACCOUNTS
FOR THEYEARENDED31/12/2018



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2018

			2018		2017
	Notes		£		£

FIXED ASSETS
Intangible assets	2		-		1,546
Tangible assets	3		267,175		221,614
Investment Assets	4		1,070		1,070

			268,245		224,230

CURRENT ASSETS
Stock		268,984		250,031
Debtors	6	625,293		586,796
Cash at bank and in hand		72,761		61,909
		967,038		898,736
CREDITORS: Amounts falling due within one year	7	324,489		345,840
NET CURRENT ASSETS			642,549		552,896
TOTAL ASSETS LESS CURRENT LIABILITIES			910,794		777,126


CREDITORS: Amounts falling due after more than one year	8		43,636		42,548


PROVISIONS FOR LIABILITIES AND CHARGES	10		49,118		40,230

NET ASSETS			818,040		694,348

CAPITAL AND RESERVES

Called up share capital	11		100		100
Profit and loss account			817,940		694,248
SHAREHOLDERS' FUNDS			818,040		694,348

For the year ending 31/12/2018 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 06/03/2019 and signed on their behalf by



.............................
J J Littlewood
Director

1. ACCOUNTING POLICIES


1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .


1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land And Buildings		reducing balance 15%
Plant and Machinery		reducing balance 15 to 33.3%


1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.


1d. Pension Costs
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The cost of contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are not made for temporary fluctuations in value but where a value is deemed to be materially lower, then a provison is made.


1f. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.


4. FiNANCIAL ASSETS

	Other
	Investments	Total
	£	£
Cost
At 01/01/2018	1,070	1,070
At 31/12/2018	1,070	1,070
Amortisation
Net Book Amounts
At 31/12/2018	1,070	1,070
At 31/12/2017	1,070	1,070
Other Investment Assets comprise Deactivated Weapons.


6. DEBTORS	2018	2017
	£	£
Amounts falling due within one year
Trade debtors	166,209	150,477
Other debtors	319	209
Amounts due from group companies	442,235	387,502
Prepayments	16,530	48,608
	625,293	586,796
Amount owing from Group Company due after one year £442,235 (2017: £387,502)


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2018	2017
	£	£
UK corporation tax	25,048	32,636
VAT	34,411	44,372
PAYE control	13,315	13,119
Bank loans and overdrafts	3,868	4,457
Hire purchase	22,140	10,792
Payments received on account	367	33,695
Trade creditors	174,973	140,102
Pension schemes	878	579
Accruals	49,489	66,088
	324,489	345,840

Included in Other Creditors is £22,140 (2017: £10,792) is repayable by instalments


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2018	2017
	£	£
Hire purchase >1yr	32,384	29,310
Deferred income>1yr	11,252	13,238
	43,636	42,548

£32,384 (2017: £29,310) is repayable by instalments after one year and within five years


11. SHARE CAPITAL	2018	2017
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100


12. CONTROLLING PARTY
The company is a wholly owned subsidiary of JJL Holding Company Ltd, a company registered in England.


13. RELATED PARTY TRANSACTIONS
Management Charges of £70,800 (2017: £83,544) were paid to the Parent Company. This is in addition to Dividends paid.
Amounts owed by the Parent Company at the balance sheet date were 2018: £442,235; 2017: £387,502.