D. & O. Jones Stores Ltd. - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02938501 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

D. & O. JONES STORES LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D C Jones

Mrs O V L Jones

SECRETARY:

Mrs O V L Jones

REGISTERED OFFICE:

Rainow Mill House

Ingersley Vale

Bollington

Macclesfield

Cheshire

SK10 5BP

REGISTERED NUMBER:

02938501 (England and Wales)

ACCOUNTANT:

Andrew W Berens FCA.

Chartered Accountant

48 Ringley Drive

Whitefield

Manchester

M45 7LR

BANKERS:

Santander

Bridle Road

Bootle

Merseyside

GIR 0AA

FIXED ASSETS

Tangible assets

2

343,844

351,812

CURRENT ASSETS

Stocks

73,024

69,229

Debtors

276,096

39,873

Cash at bank and in hand

557,377

788,475

906,497

897,577

CREDITORS

Amounts falling due within one year

(74,763

)

(72,050

)

NET CURRENT ASSETS

831,734

825,527

TOTAL ASSETS LESS CURRENT LIABILITIES

1,175,578

1,177,339

PROVISIONS FOR LIABILITIES

(1,050

)

(2,200

)

NET ASSETS

1,174,528

1,175,139

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

1,174,524

1,175,135

SHAREHOLDERS' FUNDS

1,174,528

1,175,139

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 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 17 November 2015 and were signed on its behalf by:

Mr D C Jones - 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 goods, 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.

Short leasehold

-

in accordance with the property

Fixtures and fittings

-

15% on cost

No depreciation has been provided on the freehold buildings.

The directors have agreed that an annual review of the carrying value of the buildings will be undertaken in

accordance with FRS 11. The review indicates that the property's "in use" value exceeds the book value. The

directors also consider that the remaining useful life of the asset is greater than 50 years.

Stocks

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

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

599,133

Additions

1,629

Disposals

(70,219

)

At 30 June 2015

530,543

DEPRECIATION

At 1 July 2014

247,321

Charge for year

9,560

Eliminated on disposal

(70,182

)

At 30 June 2015

186,699

NET BOOK VALUE

At 30 June 2015

343,844

At 30 June 2014

351,812

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

3

A Ordinary

1

3

3

1

B Ordinary

1

1

1

4

4

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts were owed by the company to the directors as at 30 June 2015 was £1,335 (2014 - £1,164). Loans are

free of interest and repayable on demand.