Jonathan Wood Limited - Period Ending 2019-02-28

Registration number: 05037913

Jonathan Wood Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 28 February 2019

Jonathan Wood Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Abridged Financial Statements	3 to 5

Jonathan Wood Limited

(Registration number: 05037913)
Abridged Balance Sheet as at 28 February 2019

	Note	2019 £	2018 £
Fixed assets
Intangible assets	4	7,750	9,300
Tangible assets	5	116,494	144,881
		124,244	154,181
Current assets
Stocks		27,519	28,842
Debtors		77,993	65,433
Cash at bank and in hand		53,880	26,759
		159,392	121,034
Creditors: Amounts falling due within one year		(116,908)	(128,078)
Net current assets/(liabilities)		42,484	(7,044)
Total assets less current liabilities		166,728	147,137
Creditors: Amounts falling due after more than one year		(29,442)	(39,338)
Provisions for liabilities		(4,377)	(6,448)
Net assets		132,909	101,351
Capital and reserves
Called up share capital		200	200
Profit and loss account		132,709	101,151
Total equity		132,909	101,351

The notes on pages 3 to 5 form an integral part of these abridged financial statements.

Page 1

Jonathan Wood Limited

(Registration number: 05037913)
Abridged Balance Sheet as at 28 February 2019

For the financial year ending 28 February 2019 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 accounts for the year in question in accordance with section 476; and
	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 10 October 2019 and signed on its behalf by:
 

Miss E Edwards

Director

Mrs C Wood

Director

Mr D Wood

Director

The notes on pages 3 to 5 form an integral part of these abridged financial statements.

Page 2

Jonathan Wood Limited

Notes to the Abridged Financial Statements for the Year Ended 28 February 2019

1	General information

The company is a private company limited by share capital incorporated in England & Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

The principal place of business is:
Roysden
Barnstaple Cross
Crediton
Devon
EX17 2EP

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis despite there being net current liabilities. The directors have considered the going concern basis to still be appropriate.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold property	10% straight line
Motor vehicles	25% reducing balance
Plant & machinery	15% reducing balance
Office equipment	33% straight line

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5% straight line

Page 3

Jonathan Wood Limited

Notes to the Abridged Financial Statements for the Year Ended 28 February 2019

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2018 - 16).

4	Intangible assets

	Total £
Cost or valuation
At 1 March 2018	9,300
At 28 February 2019	9,300
Amortisation
Amortisation charge	1,550
At 28 February 2019	1,550
Carrying amount
At 28 February 2019	7,750
At 28 February 2018	9,300

Page 4

Jonathan Wood Limited

Notes to the Abridged Financial Statements for the Year Ended 28 February 2019

5	Tangible assets

	Total £
Cost or valuation
At 1 March 2018	384,562
Additions	4,667
At 28 February 2019	389,229
Depreciation
At 1 March 2018	239,681
Charge for the year	33,054
At 28 February 2019	272,735
Carrying amount
At 28 February 2019	116,494
At 28 February 2018	144,881

6	Financial commitments, guarantees and contingencies

The total amount of financial commitments not included in the balance sheet is £2,130 (2018 - £7,246).

7	Related party transactions

Transactions with directors

2019	Advances to directors £	Repayments by director £	At 28 February 2019 £
Miss E Edwards
Directors' advances and credits - repayable on demand and interest charged at commercial rate	25,265	(2,933)	22,332

Page 5