Jonathan Wood Limited - Period Ending 2015-02-28
Jonathan Wood Limited - Period Ending 2015-02-28
Registration number:
for the Year Ended
Jonathan Wood Limited
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Jonathan Wood Limited
(Registration number: 05037913)
Abbreviated Balance Sheet at 28 February 2015
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2015
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2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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1
Jonathan Wood Limited
(Registration number: 05037913)
Abbreviated Balance Sheet at 28 February 2015
......... continued
Approved by the Board on
Mr D Wood
Director
Mrs C Wood
Director
2
Jonathan Wood Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued
Accounting policies |
Basis of preparation
Going concern
The company meets its day to day working capital requirements through an overdraft facility repayable on demand. The directors consider that the company will continue to operate within the facilities currently agreed. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the overdraft facility.
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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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 |
Leasehold improvements |
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Plant and machinery |
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Motor vehicles |
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Office equipment |
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Stock
Deferred tax
Jonathan Wood Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued
Hire purchase and leasing
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 March 2014 |
31,000 |
231,390 |
262,390 |
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Additions |
- |
51,789 |
51,789 |
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At 28 February 2015 |
31,000 |
283,179 |
314,179 |
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Depreciation |
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At 1 March 2014 |
15,500 |
100,428 |
115,928 |
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Charge for the year |
1,550 |
30,421 |
31,971 |
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At 28 February 2015 |
17,050 |
130,849 |
147,899 |
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Net book value |
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At 28 February 2015 |
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At 28 February 2014 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
Jonathan Wood Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued
2015
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2014
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Amounts falling due within one year |
21,652 |
41,166 |
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Amounts falling due after more than one year |
58,778 |
54,670 |
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Total secured creditors |
80,430 |
95,836 |
Included in the creditors are the following amounts due after more than five years:
2015
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2014
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Directors' advances and credits |
2015 |
2015 |
2014 |
2014 |
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Mr D Wood |
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- |
5,707 |
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9,600 |
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5,402 |
27,344 |
14,591 |
5,707 |
15,002 |
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Mrs C Wood |
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- |
5,707 |
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- |
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9,600 |
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- |
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- |
5,042 |
13,672 |
14,591 |
5,707 |
14,642 |
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