JD MOUNSEY LTD - Accounts 2013


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 30/11/2013

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 5999894


Registered Number: 5999894

BALANCE SHEET AT 30/11/2013

			2013		2012
	Notes		£		£

FIXED ASSETS
Intangible assets	2		30,000		40,000
Tangible assets	3		142,312		81,996

			172,312		121,996

CURRENT ASSETS
Stock		8,000		7,000
Debtors (amounts falling due within one year)	4	56,721		53,054
Cash at bank and in hand		82,407		94,690
		147,128		154,744
CREDITORS: Amounts falling due within one year		114,796		118,747
NET CURRENT ASSETS			32,332		35,997
TOTAL ASSETS LESS CURRENT LIABILITIES			204,644		157,993

CAPITAL AND RESERVES

Called up share capital	5		10		10
Profit and loss account			204,634		157,983
SHAREHOLDERS' FUNDS			204,644		157,993

For the year ending 30/11/2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 11/08/2014 and signed on their behalf by




Mr J D Mounsey
Director

1. ACCOUNTING POLICIES


1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).


1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).


1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		10%
Commercial Vehicles		25%
Fixtures and Fittings		10%


1d. Stocks
Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks.


1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.


1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.


1g. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.


4. DEBTORS	2013	2012
	£	£

Amounts falling due within one year:
Trade debtors	56,721	53,054
	56,721	53,054


5. SHARE CAPITAL	2013	2012
	£	£
Allotted, issued and fully paid:
10 Ordinary shares of £1 each	10	10
	10	10


6. TURNOVER

The turnover and pre-tax result is attributable to Electricians.

	2013	2012
	£	£
Sales	624,902	662,957
	624,902	662,957