Abbreviated Company Accounts - JACK SHAFRON & CO.LIMITED

JACK SHAFRON & CO.LIMITED - Company Information

00704290 JACK SHAFRON & CO.LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 00704290 2014-01-01 2014-12-31 00704290 2014-12-31 00704290 2013-12-31 00704290 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 00704290 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-31 iso4217:GBP shares

Registered Number 00704290

JACK SHAFRON & CO.LIMITED

Abbreviated Accounts

31 December 2014

JACK SHAFRON & CO.LIMITED Registered Number 00704290

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	3,223	11,817
Investments	3	24,973	24,973
		28,196	36,790
Current assets
Debtors		324,284	464,126
Cash at bank and in hand		13,995	1,968
		338,279	466,094
Creditors: amounts falling due within one year		(359,018)	(496,297)
Net current assets (liabilities)		(20,739)	(30,203)
Total assets less current liabilities		7,457	6,587
Total net assets (liabilities)		7,457	6,587
Capital and reserves
Called up share capital	4	6,000	6,000
Profit and loss account		1,457	587
Shareholders' funds		7,457	6,587

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 25 March 2015

And signed on their behalf by:
R Shafron, Director

JACK SHAFRON & CO.LIMITED Registered Number 00704290

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 services and commissions net of VAT.

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:
Computer equipment 20% straight line
Fixtures and fittings 15% reducing balance
Motor vehicles 25% reducing balance

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for diminution in value.

2Tangible fixed assets

	£
Cost
At 1 January 2014	57,305
Additions	1,204
Disposals	(19,500)
Revaluations	-
Transfers	-
At 31 December 2014	39,009
Depreciation
At 1 January 2014	45,488
Charge for the year	1,571
On disposals	(11,273)
At 31 December 2014	35,786
Net book values
At 31 December 2014	3,223
At 31 December 2013	11,817

3Fixed assets Investments
Cost and net book value at 1 January 2014 and 31 December 2014 £24,973.

Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company - Lizcrest International Produce Limited
Country of registration or incorporation - England
Class of shares held - ordinary
% of shares held - 45%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Lizcrest International Produce Limited
Principal activity - Property development
Capital and reserves 2014 - £(30,561)
Profit/(loss) for the year 2014 - £(38,359)

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

	2014 £	2013 £
3,000 Ordinary shares of £1 each	3,000	3,000
3,000 A Ordinary shares of £1 each	3,000	3,000