JOULE ENGINEERING SERVICES LIMITED Accounts filed on 31-07-2014
JOULE ENGINEERING SERVICES LIMITED Accounts filed on 31-07-2014
JOULE ENGINEERING SERVICES LIMITED
Company Registration Number:
03815808 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st August 2013
End date: 31st July 2014
SUBMITTED
JOULE ENGINEERING SERVICES LIMITED
Company Information
for the Period Ended
31st July 2014
Director: |
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Registered office: |
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West Yorkshire | ||
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Company Registration Number: |
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JOULE ENGINEERING SERVICES LIMITED
Abbreviated Balance sheet
As at 31st July 2014
Notes | 2014 £ |
2013 £ |
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Fixed assets | |||
Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 5 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors | |||
Creditors: amounts falling due within one year | 6 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Provision for liabilities: | 7 |
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1,315 |
Total net assets (liabilities): |
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The notes form part of these financial statements
JOULE ENGINEERING SERVICES LIMITED
Abbreviated Balance sheet
As at 31st July 2014
continued
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2013 £ |
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Capital and reserves | |||
Called up share capital: | 8 |
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Profit and Loss account: |
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Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Johnnie Smith
Status: Director
The notes form part of these financial statements
JOULE ENGINEERING SERVICES LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st July 2014
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1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom. A summary of the more important accounting policies which have been applied consistently, is set out below. The financial statements are prepared under the historical cost convention and in accordance with the financial reporting standard for small entities (effective April 2008). Turnover policy
Turnover represents invoiced sales net of Valued Added Tax. Tangible fixed assets depreciation policy
Depreciation is calculated so as to write off the cost of tangible fixed assets over the expected useful lives of the assets concerned, which are principally as follows:- Freehold property 2% straight line, Computer equipment 25% on reducing basis, Office and other equipment 15% on reducing basis and Motor vehicles 25% on reducing basis Other accounting policies
Cash flow - The financial statements do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the financial reporting standard for smaller entities (effective April 2008). Deferred taxation - Provision is made at current rates for taxation deferred as a respect of all material timing differences except to the extent that, in the opinion of the directors, there is a reasonable probability that a liability will not arise in the foreseeable future. Pension costs - The company operates a pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the profit and loss account.
JOULE ENGINEERING SERVICES LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st July 2014
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4. Tangible assets
Total Cost £ At 01st August 2013: 84,062 Additions: 2,311 At 31st July 2014: 86,373 Depreciation At 01st August 2013: 39,099 Charge for year: 2,918 At 31st July 2014: 42,017 Net book value At 31st July 2014: 44,356 At 31st July 2013: 44,963
JOULE ENGINEERING SERVICES LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st July 2014
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5. Debtors
2014
£2013
£Trade debtors: 2,426 20,082 Prepayments and accrued income: 1,173 1,173 Total: 3,599 21,255
JOULE ENGINEERING SERVICES LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st July 2014
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6. Creditors: amounts falling due within one year
2014
£2013
£Bank loans and overdrafts: 3,635 3,635 Taxation and social security: 10,215 20,596 Accruals and deferred income: 1,229 1,474 Total: 15,079 25,705