Abbreviated Company Accounts - JFH HORTICULTURAL SUPPLIES LIMITED

JFH HORTICULTURAL SUPPLIES LIMITED - Company Information

08758818 JFH HORTICULTURAL SUPPLIES LIMITED 2014-12-31 false 2013-11-01 2014-12-31 true 08758818 2013-11-01 2014-12-31 08758818 2014-12-31 08758818 uk-gaap-cd-bus:Director1 2013-11-01 2014-12-31 08758818 uk-gaap-cd-bus:Director2 2013-11-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 08758818

JFH HORTICULTURAL SUPPLIES LIMITED

Abbreviated Accounts

31 December 2014

JFH HORTICULTURAL SUPPLIES LIMITED Registered Number 08758818

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014
		£
Fixed assets
Intangible assets	2	423,000
Tangible assets	3	163,687
		586,687
Current assets
Stocks		389,932
Debtors		381,083
Cash at bank and in hand		228,288
		999,303
Creditors: amounts falling due within one year		(333,423)
Net current assets (liabilities)		665,880
Total assets less current liabilities		1,252,567
Creditors: amounts falling due after more than one year		(1,097,694)
Total net assets (liabilities)		154,873
Capital and reserves
Called up share capital	4	1,000
Profit and loss account		153,873
Shareholders' funds		154,873

For the year ending 31 December 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 15 April 2015

And signed on their behalf by:
Mr D J Hutchins, Director

JFH HORTICULTURAL SUPPLIES LIMITED Registered Number 08758818

Notes to the Abbreviated Accounts for the period ended 31 December 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
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Fixtures, fittings & equipment 25% reducing balance
Motor vehicles 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Other accounting policies
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).

Related party relationships and transactions
The company was incorporated on 1st January 2014 from JF Hutchins & Co. The following partners of JF Hutchins & Co, were : J F Hutchins, D Hutchins, N Hutchins, M Hutchins and G Hutchins.

D.J. Hutchins (Director) is considered to be a related party as he was owed by the company at the year end £245,757, also G Hutchins (Director) is considered to be a related party as he was owed by the company at the year end £205,602.

In addition the following creditors are considered to be a related party as they are all owed by the company at the year end the following : J F Hutchins £221,863, N Hutchins (Shareholder) £119,964, M Hutchins (Shareholder) £136,867, P Hutchins (Shareholder) £26,259, T Hutchins (Shareholder) £23,165, W Hutchins (Shareholder) £26,676 and E Hutchins (Shareholder) £32,522.

2Intangible fixed assets

	£
Cost
Additions	470,000
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	470,000
Amortisation
Charge for the year	47,000
On disposals	-
At 31 December 2014	47,000
Net book values
At 31 December 2014	423,000

3Tangible fixed assets

	£
Cost
Additions	232,205
Disposals	(39,813)
Revaluations	-
Transfers	-
At 31 December 2014	192,392
Depreciation
Charge for the year	34,734
On disposals	(6,029)
At 31 December 2014	28,705
Net book values
At 31 December 2014	163,687

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
1,000 Ordinary shares of £1 each	1,000