John Ware Limited - Limited company - abbreviated

REGISTERED NUMBER: 01857225 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

John Ware Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr M S Punni

SECRETARY:

Mrs H K Punni

REGISTERED OFFICE:

65 Alcombe Road

Alcombe

Minehead

Somerset

TA24 6BD

REGISTERED NUMBER:

01857225 (England and Wales)

ACCOUNTANTS:

A Butler & Co

12 Darley Abbey Mills

Darley Abbey

Derby

Derbyshire

DE22 1DZ

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

1,259,388

1,252,677

Investments

4

10,000

1,269,388

1,262,677

CURRENT ASSETS

Stocks

422,036

395,883

Debtors

1,353,526

1,211,857

Cash at bank and in hand

471,654

606,796

2,247,216

2,214,536

CREDITORS

Amounts falling due within one year

1,331,364

1,343,817

NET CURRENT ASSETS

915,852

870,719

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,185,240

2,133,396

CREDITORS

Amounts falling due after more than one year

5

923,851

1,036,017

NET ASSETS

1,261,389

1,097,379

CAPITAL AND RESERVES

Called up share capital

6

80

Share premium

33,922

Profit and loss account

1,227,387

1,063,377

SHAREHOLDERS' FUNDS

1,261,389

1,097,379

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 27 March 2015 and were signed by:

Mr M S Punni - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

over the period of the lease

Improvements to property

-

over the period of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

257,553

AMORTISATION

At 1 January 2014

and 31 December 2014

257,553

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

1,653,084

Additions

106,555

At 31 December 2014

1,759,639

DEPRECIATION

At 1 January 2014

400,407

Charge for year

99,844

At 31 December 2014

500,251

NET BOOK VALUE

At 31 December 2014

1,259,388

At 31 December 2013

1,252,677

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

10,000

NET BOOK VALUE

At 31 December 2014

10,000

At 31 December 2013

10,000

5.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.12.14

31.12.13

£

Repayable by instalments

475,188

587,354

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

80

Ordinary

£1.00

80

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2014 and

31 December 2013:

31.12.14

31.12.13

£

Mr M S Punni

Balance outstanding at start of year

187,864

174,521

Amounts advanced

20,731

13,343

Amounts repaid

-

Balance outstanding at end of year

208,595

187,864

8.	CONTROLLING PARTY

The company was controlled throughout the current year by its director Mr M S Punni by virtue of his 100% holding of the

issued ordinary share capital of the company.

John Ware Limited - Limited company - abbreviated - 11.6

John Ware Limited - Limited company - abbreviated - 11.6