Jalna Construction Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04504827 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 November 2013

for

Jalna Construction Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G C Horner

R C Horner

SECRETARY:

G C Horner

REGISTERED OFFICE:

51 Thornfield Road

Linthorpe

MIDDLESBROUGH

TS5 5DA

REGISTERED NUMBER:

04504827 (England and Wales)

ACCOUNTANTS:

Clive Owen & Co LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Tangible assets

2

81,310

95,069

CURRENT ASSETS

Stocks

7,725

1,700

Debtors

124,574

66,129

Cash at bank and in hand

101,377

277,208

233,676

345,037

CREDITORS

Amounts falling due within one year

181,339

331,576

NET CURRENT ASSETS

52,337

13,461

TOTAL ASSETS LESS CURRENT LIABILITIES

133,647

108,530

CREDITORS

Amounts falling due after more than one year

(4,692

)

-

PROVISIONS FOR LIABILITIES

(14,059

)

(16,259

)

NET ASSETS

114,896

92,271

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

114,886

92,261

SHAREHOLDERS' FUNDS

114,896

92,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 2 July 2014 and were signed on its behalf by:

G C Horner - Director

R C Horner - 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 and services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% 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.

Grants receivable

Capital based grants are credited to the profit and loss account over the expected useful life of the asset.

Revenue based grants are credited to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

314,724

Additions

14,560

Disposals

(17,995

)

At 30 November 2013

311,289

DEPRECIATION

At 1 December 2012

219,655

Charge for year

28,319

Eliminated on disposal

(17,995

)

At 30 November 2013

229,979

NET BOOK VALUE

At 30 November 2013

81,310

At 30 November 2012

95,069

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

10

Ordinary

£1

10

10

4.	ULTIMATE PARENT COMPANY

The ultimate parent undertaking is Jalna Services Limited, a company registered in England and Wales.