J & J Davies Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05306439 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

J & J DAVIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs H M Davies

P M Davies

SECRETARY:

Mrs H M Davies

REGISTERED OFFICE:

The Swan Inn

Whiston

Penkridge

Staffordshire

ST19 5QH

REGISTERED NUMBER:

05306439 (England and Wales)

ACCOUNTANTS:

Wright & Co Partnership Limited

Chartered Accountants

5 Walsall Street

Wednesbury

West Midlands

WS10 9BZ

FIXED ASSETS

Intangible assets

2

6,000

12,000

Tangible assets

3

18,131

15,266

24,131

27,266

CURRENT ASSETS

Stocks

1,189

2,867

Cash at bank and in hand

77,141

48,126

78,330

50,993

CREDITORS

Amounts falling due within one year

94,124

60,982

NET CURRENT LIABILITIES

(15,794

)

(9,989

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,337

17,277

PROVISIONS FOR LIABILITIES

3,050

2,350

NET ASSETS

5,287

14,927

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

5,285

14,925

SHAREHOLDERS' FUNDS

5,287

14,927

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 29 November 2015 and were signed on its behalf by:

Mrs H M Davies - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, 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 & machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Deferred tax

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

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

60,000

AMORTISATION

At 1 April 2014

48,000

Amortisation for year

6,000

At 31 March 2015

54,000

NET BOOK VALUE

At 31 March 2015

6,000

At 31 March 2014

12,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

44,824

Additions

6,064

At 31 March 2015

50,888

DEPRECIATION

At 1 April 2014

29,558

Charge for year

3,199

At 31 March 2015

32,757

NET BOOK VALUE

At 31 March 2015

18,131

At 31 March 2014

15,266

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends paid to director:

Dividends paid to directors in their capacity as shareholders during the year totalled £36,000.