J Coultas and Company Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01448259 (England and Wales)

J Coultas and Company Limited

Abbreviated Unaudited Accounts for the Year Ended 31st January 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A S Coultas

Mrs M Coultas

Mrs D C Appleton

SECRETARY:

Mrs D C Appleton

REGISTERED OFFICE:

Fleetgate House

33 Fleetgate

Barton-On-Humber

North Lincolnshire

DN18 5QA

REGISTERED NUMBER:

01448259 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

FIXED ASSETS

Tangible assets

2

17,907

15,850

CURRENT ASSETS

Stocks

27,201

17,702

Debtors

95,373

91,710

Cash at bank and in hand

17,027

25,139

139,601

134,551

CREDITORS

Amounts falling due within one year

113,150

96,497

NET CURRENT ASSETS

26,451

38,054

TOTAL ASSETS LESS CURRENT LIABILITIES

44,358

53,904

CREDITORS

Amounts falling due after more than one year

(20,000

)

-

PROVISIONS FOR LIABILITIES

-

(2,904

)

NET ASSETS

24,358

51,000

CAPITAL AND RESERVES

Called up share capital

3

99

99

Profit and loss account

24,259

50,901

SHAREHOLDERS' FUNDS

24,358

51,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 14th August 2015 and were signed on its behalf by:

A S Coultas - 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 at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 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 1st February 2014

64,776

Additions

14,536

At 31st January 2015

79,312

DEPRECIATION

At 1st February 2014

48,926

Charge for year

12,479

At 31st January 2015

61,405

NET BOOK VALUE

At 31st January 2015

17,907

At 31st January 2014

15,850

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

99

Ordinary

£1

99

99

4.	CONTROL RELATIONSHIPS