JDS Supplies (Midlands) Ltd,Ltd - Accounts

JDS SUPPLIES(MIDLANDS) LIMITED - Company Information

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JDS Supplies (Midlands) Ltd

For the year ended 31 May 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 08544101

Contents Page

JDS Supplies (Midlands) Ltd

For the year ended 31 May 2015

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

JDS Supplies (Midlands) Ltd

As at 31 May 2015

08544101

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

9,797

Current assets

Stocks

29,058

Debtors

545

8,461

Cash at bank and in hand

9,711

6,605

47,230

7,150

Creditors: amounts falling due within one year

(8,174)

(45,449)

(1,024)

1,781

Net current assets

Total assets less current liabilities

11,578

(1,024)

11,578

Net assets/liabilities

(1,024)

Capital and reserves

Called up share capital

Profit and loss account

11,576

(1,026)

11,578

(1,024)

Shareholders funds

For the year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 16 October 2015

Mr John Michael Sutton Director

Signed on behalf of the board of directors

Mr Stephen William Cash Director

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Notes to the Abbreviated Financial Statements

JDS Supplies (Midlands) Ltd

For the year ended 31 May 2015

1 Accounting Policies

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

33% Straight line

Motor Vehicles

25% Reducing balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of

ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over

the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks and work in progress

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.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

13,083

Additions

At 31 May 2015

13,083

Depreciation

3,286

Charge for year

3,286

At 31 May 2015

Net book values

At 31 May 2015

9,797

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Notes to the Abbreviated Financial Statements

JDS Supplies (Midlands) Ltd

For the year ended 31 May 2015

3 Share capital

Allotted called up and fully paid

2015

2014

2 Class A shares of £1.00 each

4 Loan to Directors

At 01/06/2014

Loaned

Repaid

At 31/05/2015

Interest

Mr John Michael Sutton

Director loan account

13,991

11,414

2,577

13,991

11,414

2,577

Mr Stephen William Cash

Director loan account

13,022

7,431

5,591

13,022

7,431

5,591

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