Jongor Limited - Limited company - abbreviated

JONGOR LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S A Hooper

A F Carter

S P Cole

J P Nisbet

SECRETARY:

S A Hooper

REGISTERED OFFICE:

Unit G

Kingsland Trading Estate

St Philips Road

Bristol

BS2 0JZ

REGISTERED NUMBER:

01131172 (England and Wales)

ACCOUNTANTS:

Barretts

Chartered Accountants &

Chartered Tax Advisers

22 Union Street

Newton Abbot

Devon

TQ12 2JS

FIXED ASSETS

Tangible assets

2

2,117,493

2,554,955

Investments

3

-

100

2,117,493

2,555,055

CURRENT ASSETS

Debtors

4

1,244,441

1,284,517

Cash at bank

307,334

300

1,551,775

1,284,817

CREDITORS

Amounts falling due within one year

5

1,231,285

1,758,662

NET CURRENT ASSETS/(LIABILITIES)

320,490

(473,845

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,437,983

2,081,210

CREDITORS

Amounts falling due after more than one
year

63,275

NET ASSETS

2,374,708

2,017,935

CAPITAL AND RESERVES

Called up share capital

6

1,777,773

Profit and loss account

596,935

240,162

SHAREHOLDERS' FUNDS

2,374,708

2,017,935

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 16 September 2015 and were signed on its behalf
by:

S A Hooper - 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.

Tangible fixed assets

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated

residual value, over their expected useful economic life as follows;

Hire equipment Over 3 or 5 years

Motor vehicles, plant & office equipment and

computer equipment 25% straight line

Leasehold improvements Over the life of the lease

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

6,596,255

Additions

626,521

Disposals

(269,954

)

At 31 December 2014

6,952,822

DEPRECIATION

At 1 January 2014

4,041,300

Charge for year

1,015,048

Eliminated on disposal

(221,019

)

At 31 December 2014

4,835,329

NET BOOK VALUE

At 31 December 2014

2,117,493

At 31 December 2013

2,554,955

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

100

Disposals

(100

)

At 31 December 2014

-

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

100

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 130,508 (2013 - £ 152,084 )

5.

CREDITORS

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1,777,773

Ordinary

1

1,777,773

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed £457,708 (2013 - £788,667) to Mr J S Laycock. This is shown in

Other Creditors within the Creditors: Amounts falling due within one year. Interest of £18,731 (2013 - £22,320)

was accrued on this loan during the year. The maximum amount due to Mr J S Laycock during the year was

£795,129 (2013 - £921,667).

Mr J S Laycock has given a personal guarantee of £1,000,000 (2013- £1,000,000) to Barclays Bank in respect of

the bank borrowings of the company.

With effect from 2nd February 2015 Mr J S Laycock sold the company and ceased to be a director. His loan was

repaid in full and his personal guarantee removed.

Jongor Limited - Limited company - abbreviated - 11.6

Jongor Limited - Limited company - abbreviated - 11.6