John Wood & Associates Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06870653 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2015

for

John Wood & Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J A Wood

J B Wood

Mrs M R Wood MCSP MMACP

REGISTERED OFFICE:

14 Ladythorn Road

Bramhall

Stockport

Cheshire

SK7 2ER

REGISTERED NUMBER:

06870653 (England and Wales)

ACCOUNTANTS:

Archwood Accountants

Archwood House

46-48 Long Street

Middleton

Manchester

M24 6UQ

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

4,937

6,919

4,937

6,919

CURRENT ASSETS

Debtors

42,860

104,268

Cash at bank

17,444

21,079

60,304

125,347

CREDITORS

Amounts falling due within one year

(5,263

)

51,481

NET CURRENT ASSETS

65,567

73,866

TOTAL ASSETS LESS CURRENT LIABILITIES

70,504

80,785

PROVISIONS FOR LIABILITIES

987

683

NET ASSETS

69,517

80,102

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

69,417

80,002

SHAREHOLDERS' FUNDS

69,517

80,102

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 22 December 2015 and were signed on its behalf by:

J B Wood - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

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 2009, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

sheet date in accordance with FRS19.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

40,000

AMORTISATION

At 1 April 2014

and 31 March 2015

40,000

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

13,726

DEPRECIATION

At 1 April 2014

6,807

Charge for year

1,982

At 31 March 2015

8,789

NET BOOK VALUE

At 31 March 2015

4,937

At 31 March 2014

6,919

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

1

100

100