John Wells (Photo & Audio) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 00823479 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 January 2015

for

John Wells (Photo & Audio) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J Wells

Mrs M Wells

Mr R Wells

SECRETARY:

Mrs M Wells

REGISTERED OFFICE:

4 Queens Street

Southwold

Suffolk

IP18 6EQ

REGISTERED NUMBER:

00823479 (England and Wales)

ACCOUNTANTS:

Barnard Sampson

3a Quay View Business Park

Lowestoft

Suffolk

NR32 2HD

FIXED ASSETS

Tangible assets

2

154,491

155,853

Investment property

3

-

175,000

154,491

330,853

CURRENT ASSETS

Debtors

246

211

Cash at bank

111,432

7

111,678

218

CREDITORS

Amounts falling due within one year

4

29,199

84,763

NET CURRENT ASSETS/(LIABILITIES)

82,479

(84,545

)

TOTAL ASSETS LESS CURRENT LIABILITIES

236,970

246,308

CREDITORS

Amounts falling due after more than one year

4

-

1,598

NET ASSETS

236,970

244,710

CAPITAL AND RESERVES

Called up share capital

5

100

100

Investment revaluation reserve

-

127,536

Profit and loss account

236,870

117,074

SHAREHOLDERS' FUNDS

236,970

244,710

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 27 October 2015 and were signed on its behalf by:

Mr J Wells - Director

Mrs M Wells - 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 services, 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

15% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

and 31 January 2015

181,508

DEPRECIATION

At 1 February 2014

25,655

Charge for year

1,362

At 31 January 2015

27,017

NET BOOK VALUE

At 31 January 2015

154,491

At 31 January 2014

155,853

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 February 2014

175,000

Disposals

(175,000

)

At 31 January 2015

-

NET BOOK VALUE

At 31 January 2015

-

At 31 January 2014

175,000

4.

CREDITORS

Creditors include an amount of £ 0 (31.1.14 - £ 35,322 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

100

Ordinary

£1

100

100

6.	RELATED PARTY DISCLOSURES

The company operates current accounts with its directors. At 31st January 2015, £17,270 (2014: £37,506) was

owed to Mr J Wells.

7.	ULTIMATE CONTROLLING PARTY