Wynne Jones Property Maintenance Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04288120 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2015

for

Wynne Jones Property Maintenance Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

W R Jones

Mrs E L Jones

SECRETARY:

Mrs V A Powell

REGISTERED OFFICE:

Castle House

High Street

Ammanford

Dyfed

SA18 2NB

REGISTERED NUMBER:

04288120 (England and Wales)

ACCOUNTANTS:

Ashmole & Co

Chartered Certified Accountants

Castle House

High Street

Ammanford

Dyfed

SA18 2NB

BANKERS:

Barclays Bank Plc

9 College Street

Ammanford

Carmarthenshire

SA18 3AD

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

858

3,610

858

3,610

CURRENT ASSETS

Stocks

32,410

44,578

Debtors

228,341

114,064

260,751

158,642

CREDITORS

Amounts falling due within one year

116,239

106,097

NET CURRENT ASSETS

144,512

52,545

TOTAL ASSETS LESS CURRENT LIABILITIES

145,370

56,155

CREDITORS

Amounts falling due after more than one year

154,916

130,000

NET LIABILITIES

(9,546

)

(73,845

)

CAPITAL AND RESERVES

Called up share capital

4

1,005

1,005

Profit and loss account

(10,551

)

(74,850

)

SHAREHOLDERS' FUNDS

(9,546

)

(73,845

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 31st May 2015 and were signed on its behalf by:

W R Jones - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These accounts have been prepared on the going concern basis.

The director has indicated that he will continue to support the company for the foreseeable future.

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 2001, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

20% on cost

Computer equipment

-

15% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making

due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

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 1st April 2014

and 31st March 2015

10,000

AMORTISATION

At 1st April 2014

and 31st March 2015

10,000

NET BOOK VALUE

At 31st March 2015

-

At 31st March 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

and 31st March 2015

45,832

DEPRECIATION

At 1st April 2014

42,222

Charge for year

2,752

At 31st March 2015

44,974

NET BOOK VALUE

At 31st March 2015

858

At 31st March 2014

3,610

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/15

31/3/14

value:

£

£

1,000

Ordinary A

£1

1,000

1,000

2

Ordinary B

£1

1

1

7

Ordinary C,D,E,F

£1

4

4

1,005

1,005

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within 'Other creditors' is an amount of £151,479 owed by the company (2012 £49,608) to

W R Jones - director.