JSB Builders Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC368071 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2014

for

JSB Builders Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J.S Bhamra

REGISTERED OFFICE:

1942 Maryhill Road

Glasgow

G20 0EQ

REGISTERED NUMBER:

SC368071 (Scotland)

ACCOUNTANTS:

Richard G. Beattie & Co.

121 Moffat Street

Glasgow

G5 OND

FIXED ASSETS

Tangible assets

2

8,634

8,615

CURRENT ASSETS

Stocks

826

713

Debtors

45,827

22,626

Cash at bank and in hand

4,260

26,616

50,913

49,955

CREDITORS

Amounts falling due within one year

50,150

32,330

NET CURRENT ASSETS

763

17,625

TOTAL ASSETS LESS CURRENT LIABILITIES

9,397

26,240

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

9,297

26,140

SHAREHOLDERS' FUNDS

9,397

26,240

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

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

The director acknowledges his 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 director on 12 March 2015 and were signed by:

J.S Bhamra - 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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.

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 December 2013

16,129

Additions

2,034

At 30 November 2014

18,163

DEPRECIATION

At 1 December 2013

7,514

Charge for year

2,015

At 30 November 2014

9,529

NET BOOK VALUE

At 30 November 2014

8,634

At 30 November 2013

8,615

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

1

ordinary

1

100

100