North Wales Jag Centre Ltd - Limited company - abbreviated - 11.9

North Wales Jag Centre Ltd - Limited company - abbreviated - 11.9

NORTH WALES JAG CENTRE LTD - Company Information

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REGISTERED NUMBER: 07262891 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

NORTH WALES JAG CENTRE LTD

NORTH WALES JAG CENTRE LTD (REGISTERED NUMBER: 07262891)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 June 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

NORTH WALES JAG CENTRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 June 2015







DIRECTOR: Mr M J Norbury





SECRETARY:





REGISTERED OFFICE: 13 Trinity Square
Llandudno
North Wales
LL30 2RB





REGISTERED NUMBER: 07262891 (England and Wales)





ACCOUNTANTS: Williams Denton Cyf
Chartered Certified Accountants
13 Trinity Square
Llandudno
Wales
Conwy
LL30 2RB
Page 1
NORTH WALES JAG CENTRE LTD (REGISTERED NUMBER: 07262891)

ABBREVIATED BALANCE SHEET
30 June 2015

30.6.15 30.6.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 28,250 33,900
Tangible assets 3 17,566 19,116
45,816 53,016

CURRENT ASSETS
Stocks 29,680 18,380
Debtors 39,185 10,640
Cash at bank 50,868 48,114
119,733 77,134
CREDITORS
Amounts falling due within one year 28,953 22,236
NET CURRENT ASSETS 90,780 54,898
TOTAL ASSETS LESS CURRENT
LIABILITIES
136,596
107,914

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 136,496 107,814
SHAREHOLDERS' FUNDS 136,596 107,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
NORTH WALES JAG CENTRE LTD (REGISTERED NUMBER: 07262891)

ABBREVIATED BALANCE SHEET - continued
30 June 2015


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 director on 31 October 2015 and were signed by:





Mr M J Norbury - Director


The notes form part of these abbreviated accounts

Page 3
NORTH WALES JAG CENTRE LTD (REGISTERED NUMBER: 07262891)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 June 2015


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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 etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2014
and 30 June 2015 56,500
AMORTISATION
At 1 July 2014 22,600
Amortisation for year 5,650
At 30 June 2015 28,250
NET BOOK VALUE

At 30 June 2015 28,250
At 30 June 2014 33,900

Page 4 continued...
NORTH WALES JAG CENTRE LTD (REGISTERED NUMBER: 07262891)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 June 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2014 42,180
Additions 2,842
At 30 June 2015 45,022
DEPRECIATION
At 1 July 2014 23,064
Charge for year 4,392
At 30 June 2015 27,456
NET BOOK VALUE
At 30 June 2015 17,566
At 30 June 2014 19,116

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.15 30.6.14
value: £    £   
100 Ordinary 1 100 100

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2015 and
30 June 2014:

30.6.15 30.6.14
£    £   
Mr M J Norbury
Balance outstanding at start of year 10,640 -
Amounts advanced 38,001 10,640
Amounts repaid (10,640 ) -
Balance outstanding at end of year 38,001 10,640

The directors' loan was repaid by 30 November 2014

Page 5