J & P Supplies Limited - Limited company - abbreviated - 11.6

J & P SUPPLIES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J R Mellor

S W Yardley

M K Garrington

SECRETARY:

J R Mellor

REGISTERED OFFICE:

Junction Road

Audnam

Stourbridge

West Midlands

DY8 4YH

REGISTERED NUMBER:

00438581 (England and Wales)

ACCOUNTANTS:

Ballard Dale Syree Watson LLP

Chartered Accountants

11c Kingswood Road

Hampton Lovett

Droitwich

Worcestershire

WR9 0QH

CURRENT ASSETS

Stocks

109,655

88,529

Debtors

298,034

261,341

Cash in hand

169,077

143,354

576,766

493,224

CREDITORS

Amounts falling due within one year

528,943

446,982

NET CURRENT ASSETS

47,823

46,242

TOTAL ASSETS LESS CURRENT LIABILITIES

47,823

46,242

CAPITAL AND RESERVES

Called up share capital

2

40,000

40,000

Share premium

5,000

5,000

Profit and loss account

2,823

1,242

SHAREHOLDERS' FUNDS

47,823

46,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 18 August 2015 and were signed on its behalf by:

J R Mellor - 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, excluding value added tax.

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.

Pension costs and other post-retirement benefits

The company operates a defined contributions pension scheme for certain of its employees. The

assets of the scheme are held separately from those of the company in an independently administered

fund. Contributions are charged to the profit and loss account in the period in which they are paid.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

40,000

Ordinary

£1

40,000

40,000

3.	ULTIMATE PARENT COMPANY