Jon Cuff Electrical Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04678709 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Jon Cuff Electrical Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

Mr J D Cuff

SECRETARY:

Mrs A Cuff

REGISTERED OFFICE:

1 Greenacres Drive

Garstang

Preston

Lancashire

PR3 1RQ

REGISTERED NUMBER:

04678709 (England and Wales)

ACCOUNTANTS:

Waters & Atkinson

The Old Court House

Clark Street

Morecambe

Lancashire

LA4 5HR

BANKERS:

Barclays Bank plc

38 Market Street

Lancaster

Lancashire

LA1 1HR

FIXED ASSETS

Intangible assets

2

4,000

4,400

Tangible assets

3

21,780

14,178

25,780

18,578

CURRENT ASSETS

Stocks

16,000

13,700

Debtors

81,628

55,136

Cash at bank

58,506

88,300

156,134

157,136

CREDITORS

Amounts falling due within one year

4

67,707

112,192

NET CURRENT ASSETS

88,427

44,944

TOTAL ASSETS LESS CURRENT LIABILITIES

114,207

63,522

CREDITORS

Amounts falling due after more than one year

4

(50,000

)

(1,645

)

PROVISIONS FOR LIABILITIES

(4,356

)

(2,836

)

NET ASSETS

59,851

59,041

CAPITAL AND RESERVES

Called up share capital

5

120

120

Profit and loss account

59,731

58,921

SHAREHOLDERS' FUNDS

59,851

59,041

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 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 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 22 December 2015 and were signed by:

Mr J D Cuff - 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 and services excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on cost and 20% on cost

Motor vehicles

-

20% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

8,000

AMORTISATION

At 1 April 2014

3,600

Amortisation for year

400

At 31 March 2015

4,000

NET BOOK VALUE

At 31 March 2015

4,000

At 31 March 2014

4,400

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

48,303

Additions

17,905

Disposals

(14,725

)

At 31 March 2015

51,483

DEPRECIATION

At 1 April 2014

34,125

Charge for year

7,358

Eliminated on disposal

(11,780

)

At 31 March 2015

29,703

NET BOOK VALUE

At 31 March 2015

21,780

At 31 March 2014

14,178

4.

CREDITORS

Creditors include an amount of £ 1,645 (31.3.14 - £ 4,465 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100

20

Letter class "A" to "P"

£1

20

20

120

120

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2015 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Waters & Atkinson

The Old Court House

Clark Street

Morecambe

Lancashire

LA4 5HR

Date: .............................................