A.J.S. Landscapes (Cwmbran) Limited - Period Ending 2015-07-31

Registration number: 05502987

A.J.S. Landscapes (Cwmbran) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2015
 

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

A.J.S. Landscapes (Cwmbran) Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

A.J.S. Landscapes (Cwmbran) Limited
(Registration number: 05502987)
Abbreviated Balance Sheet at 31 July 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			21,210			8,180
Current assets
Stocks					200			200
Debtors					9,075			9,077
Cash at bank and in hand					5,885			8,213
					15,160			17,490
Creditors: Amounts falling due within one year					(26,304)			(22,433)
Net current liabilities					(11,144)			(4,943)
Total assets less current liabilities					10,066			3,237
Creditors: Amounts falling due after more than one year					(9,182)			(3,187)
Net assets					884			50
Capital and reserves
Called up share capital		4			2			2
Profit and loss account					882			48
Shareholders' funds					884			50

For the year ending 31 July 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 .

Approved by the director on 2 November 2015

.........................................
JK Davies
Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

A.J.S. Landscapes (Cwmbran) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received in advance of services provided, the amounts are recorded as Deferred Income and included as part of the Creditors due within one year.

Depreciation

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:

Asset class	Depreciation method and rate
Plant and machinery	25% Straight line
Fixtures and fittings	25% Straight line
Motor vehicles	20% Straight line

Stock

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Hire purchase and leasing

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Page 2

A.J.S. Landscapes (Cwmbran) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2014		50,484			50,484
Additions		19,986			19,986
Disposals		(7,450)			(7,450)
At 31 July 2015		63,020			63,020
Depreciation
At 1 August 2014		42,304			42,304
Charge for the year		6,955			6,955
Eliminated on disposals		(7,449)			(7,449)
At 31 July 2015		41,810			41,810
Net book value
At 31 July 2015		21,210			21,210
At 31 July 2014		8,180			8,180

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		5,174			2,000
Amounts falling due after more than one year		9,182			3,187
Total secured creditors		14,356			5,187

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 3