J. Gates Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08314130 (England and Wales)

J. GATES LTD

ABBREVIATED ACCOUNTS

FOR THE PERIOD

30 NOVEMBER 2012 TO 31 MAY 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr J D Gates

REGISTERED OFFICE:

Westgate House

Common Road Industrial Estate

Verulam Road

Stafford

Staffordshire

ST16 3EA

REGISTERED NUMBER:

08314130 (England and Wales)

ACCOUNTANTS:

Oldfield Accountants

6 Maudslay Road

COVENTRY

West Midlands

CV5 8EL

FIXED ASSETS

Investments

2

1,197,348

CURRENT ASSETS

Debtors

381,921

Cash at bank

1,811

383,732

CREDITORS

Amounts falling due within one year

1,064,434

NET CURRENT LIABILITIES

(680,702

)

TOTAL ASSETS LESS CURRENT LIABILITIES

516,646

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

516,546

SHAREHOLDERS' FUNDS

516,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 29 August 2014 and were signed by:

Mr J D Gates - 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).

Investments

Investments held as fixed assets are shown at cost less provision for impairment. Investments

represent the company's capital account in Westgate Solar Control and are stated at cost, plus

allocated profits, less drawings to date, plus any revaluation. Revaluations are taken to the revaluation

reserve.

2.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

£

Additions

724,640

Share of profit/(loss)

673,910

Drawings

(201,202

)

1,197,348

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 May 2014:

£

Mr J D Gates

Balance outstanding at start of period

-

Amounts advanced

381,921

Amounts repaid

-

Balance outstanding at end of period

381,921