Abbreviated Company Accounts - R P WILLIAMS-JONES LTD

R P WILLIAMS-JONES LTD - Company Information

Registered Number 08636625

R P WILLIAMS-JONES LTD

Abbreviated Accounts

31 March 2014

R P WILLIAMS-JONES LTD Registered Number 08636625

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014
		£
Fixed assets
Intangible assets	2	186,667
Tangible assets	3	18,481
		205,148
Current assets
Stocks		25,000
Debtors		35,357
Cash at bank and in hand		116,035
		176,392
Creditors: amounts falling due within one year		(248,566)
Net current assets (liabilities)		(72,174)
Total assets less current liabilities		132,974
Total net assets (liabilities)		132,974
Capital and reserves
Called up share capital		2
Share premium account		90,000
Profit and loss account		42,972
Shareholders' funds		132,974

For the year ending 31 March 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 30 March 2015

And signed on their behalf by:
R O Williams-Jones, Director

R P WILLIAMS-JONES LTD Registered Number 08636625

Notes to the Abbreviated Accounts for the period ended 31 March 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated useful residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20% reducing balance

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated useful residual value, over the useful economic life of that asset as follows:
Goodwill - straight line over 10 years

Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Intangible fixed assets

	£
Cost
Additions	200,000
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	200,000
Amortisation
Charge for the year	13,333
On disposals	-
At 31 March 2014	13,333
Net book values
At 31 March 2014	186,667

Purchased goodwill is amortised over its deemed useful life of 10 years.

3Tangible fixed assets

	£
Cost
Additions	23,101
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	23,101
Depreciation
Charge for the year	4,620
On disposals	-
At 31 March 2014	4,620
Net book values
At 31 March 2014	18,481