John Bull (Motors) Limited - Limited company - abbreviated - 11.6

John Bull (Motors) Limited - Limited company - abbreviated - 11.6

JOHN BULL MOTORS LIMITED - Company Information

Print Friendly Version

04771327 1.10.13 30.9.14 30.9.14 Company accounts Private Limited Company FY true false true false false false true false Ordinary 1.00000 87177 87177 2019 89196 87177 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure047713272013-09-30047713272014-09-30047713272013-10-012014-09-30047713272012-09-30047713272012-10-012013-09-30047713272013-09-3004771327ns12:England2013-10-012014-09-3004771327ns14:PoundSterling2013-10-012014-09-3004771327ns7:Director12013-10-012014-09-3004771327ns7:OrdinaryShareClass12013-10-012014-09-3004771327ns7:Director12013-09-3004771327ns7:Director12012-09-3004771327ns7:Director12014-09-3004771327ns7:Director12013-09-3004771327ns7:CompanySecretary2013-10-012014-09-3004771327ns7:RegisteredOffice2013-10-012014-09-3004771327ns7:EntityAccountantsOrAuditors2013-10-012014-09-3004771327ns5:LandBuildingsns5:OwnedOrFreeholdTangibleFixedAssets2013-10-012014-09-3004771327ns5:PlantMachinery2013-10-012014-09-3004771327ns5:MotorVehicles2013-10-012014-09-3004771327ns5:ComputerEquipment2013-10-012014-09-3004771327ns7:OrdinaryShareClass12014-09-3004771327ns7:OrdinaryShareClass12013-09-3004771327ns7:Director22013-10-012014-09-3004771327ns7:Director22013-09-3004771327ns7:Director22012-09-3004771327ns7:Director22012-10-012013-09-3004771327ns7:Director22014-09-3004771327ns7:Director22013-09-30
REGISTERED NUMBER: 04771327 (England and Wales)















John Bull Motors Limited

Abbreviated Unaudited Accounts

for the Year Ended

30 September 2014






John Bull Motors Limited (Registered number: 04771327)

Contents of the Abbreviated Accounts
for the Year Ended 30 September 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

John Bull Motors Limited

Company Information
for the Year Ended 30 September 2014







DIRECTOR: M A King





SECRETARY: M A King





REGISTERED OFFICE: 9 Byford Court
Crockatt Road
Hadleigh
Ipswich
Suffolk
IP7 6RD





REGISTERED NUMBER: 04771327 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
9 Byford Court
Crockatt Road
Hadleigh
Ipswich
Suffolk
IP7 6RD
Page 1
John Bull Motors Limited (Registered number: 04771327)

Abbreviated Balance Sheet
30 September 2014

2014 2013
Notes £    £   
FIXED ASSETS
Intangible assets 2 12,000 15,000
Tangible assets 3 15,954 9,187
27,954 24,187

CURRENT ASSETS
Stocks 2,425 2,852
Debtors 104,293 99,841
Cash at bank and in hand 44,511 37,299
151,229 139,992
CREDITORS
Amounts falling due within one year (55,838 ) (48,132 )
NET CURRENT ASSETS 95,391 91,860
TOTAL ASSETS LESS CURRENT LIABILITIES 123,345 116,047

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 123,343 116,045
SHAREHOLDERS' FUNDS 123,345 116,047

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 4 June 2015 and were signed by:





M A King - Director


The notes form part of these abbreviated accounts

Page 2
John Bull Motors Limited (Registered number: 04771327)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2014


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 0, is being amortised evenly over its estimated useful life of nil years.

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

Freehold property - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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.

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
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 1 October 2013
and 30 September 2014 30,000
AMORTISATION
At 1 October 2013 15,000
Amortisation for year 3,000
At 30 September 2014 18,000
NET BOOK VALUE

At 30 September 2014 12,000
At 30 September 2013 15,000

Page 3 continued...
John Bull Motors Limited (Registered number: 04771327)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2014


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013 30,333
Additions 9,954
At 30 September 2014 40,287
DEPRECIATION
At 1 October 2013 21,146
Charge for year 3,187
At 30 September 2014 24,333
NET BOOK VALUE
At 30 September 2014 15,954
At 30 September 2013 9,187

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary £1 2 2

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2014 and
30 September 2013:

2014 2013
£    £   
Mrs J A King and M A King
Balance outstanding at start of year 87,177 87,177
Amounts advanced 2,019 -
Amounts repaid - -
Balance outstanding at end of year 89,196 87,177

The outstanding directors loan of £89,196 is unsecured and interest free and has been repaid by way of a dividend on 10
June 2015.

Page 4