R.C._JONES_(LIFTING)_LTD - Accounts

R.C. JONES (LIFTING) LIMITED - Company Information

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Company Registration No. 01324392 (England and Wales)

R.C. JONES (LIFTING) LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

R.C. JONES (LIFTING) LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

R.C. JONES (LIFTING) LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

193,048

161,598

Current assets

Stocks

137,376

91,914

Debtors

273,075

257,029

Cash at bank and in hand

92,557

62,935

503,008

411,878

Creditors: amounts falling due within one year

(404,412)

(345,563)

Net current assets

98,596

66,315

Total assets less current liabilities

291,644

227,913

Creditors: amounts falling due after more than one year

(78,432)

(72,119)

213,212

155,794

Capital and reserves

Called up share capital

100

Profit and loss account

213,112

155,694

Shareholders' funds

213,212

155,794

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 June 2015

Mrs J Bastable

Mr K Bastable

Director

Company Registration No. 01324392

R.C. JONES (LIFTING) LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Land and buildings Freehold

2% Straight Line

Plant and machinery

15% Reducing Balance

Fixtures, fittings & equipment

15% and 33% Reducing Balance

Motor vehicles

25% Reducing Balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

R.C. JONES (LIFTING) LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2014

302,818

Additions

60,634

Disposals

(15,000)

At 31 March 2015

348,452

Depreciation

At 1 April 2014

141,220

On disposals

(7,617)

Charge for the year

21,801

At 31 March 2015

155,404

Net book value

At 31 March 2015

193,048

At 31 March 2014

161,598

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100