Jointine Products (Lincoln) Limited - Limited company - abbreviated - 11.9
Jointine Products (Lincoln) Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Accounts |
| for the Year Ended 31 October 2015 |
| for |
| Jointine Products (Lincoln) Limited |
| Jointine Products (Lincoln) Limited (Registered number: 03839929) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 October 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 3 |
| Notes to the Abbreviated Accounts | 5 |
| Jointine Products (Lincoln) Limited |
| Company Information |
| for the Year Ended 31 October 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| Jointine Products (Lincoln) Limited |
| Company Information |
| for the Year Ended 31 October 2015 |
| SOLICITORS: |
| Jointine Products (Lincoln) Limited (Registered number: 03839929) |
| Abbreviated Balance Sheet |
| 31 October 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Share premium |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Jointine Products (Lincoln) Limited (Registered number: 03839929) |
| Abbreviated Balance Sheet - continued |
| 31 October 2015 |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| Jointine Products (Lincoln) Limited (Registered number: 03839929) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 October 2015 |
| 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 |
| Acquired goodwill is written off in equal instalments over its estimated useful economic life of |
| 20 years. |
| Tangible fixed assets |
| Short leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Stock and work in progress |
| Stock and work in progress are valued at the lower of cost and net realisable value. Cost is |
| computed on a first in first out basis. |
| The cost of work in progress and finished goods includes all production overheads and |
| depreciation and the attributable proportion of indirect overheads based on the normal level |
| of activity. |
| Net realisable value is based on estimated selling price less the estimated cost of disposal. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not |
| reversed by the balance sheet date. Deferred tax is not recognised when assets are |
| revalued unless, by the balance sheet date, the company has entered into a binding |
| agreement to sell the assets and recognised the gains and losses expected to arise on sale |
| or where assets have been sold and it is expected that the taxable gain will be rolled over |
| into a replacement asset. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of |
| exchange ruling at the balance sheet date. Transactions in foreign currencies are translated |
| into sterling at the rate of exchange ruling at the date of transaction. Exchange differences |
| are taken into account in arriving at the operating result. |
| Leasing commitments |
| Rentals payable under operating leases are charged against income on a straight line basis |
| over the lease term. |
| 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. |
| Jointine Products (Lincoln) Limited (Registered number: 03839929) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 October 2015 |
| 1. | ACCOUNTING POLICIES - continued |
| Debtors |
| The company assigns its trade debts to a factor and receives payments from the factor in |
| respect of the assigned debts but retains all significant risks. Trade debtors and amounts |
| received from the factor are separately disclosed in debtors respectively. All interest and |
| factoring costs are charged to income as they accrue. |
| Trademarks |
| Trademark registration is written off in equal instalments over its estimated useful economic |
| life of 5 years. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2014 |
| and 31 October 2015 |
| AMORTISATION |
| At 1 November 2014 |
| Amortisation for year |
| At 31 October 2015 |
| NET BOOK VALUE |
| At 31 October 2015 |
| At 31 October 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2014 |
| Additions |
| At 31 October 2015 |
| DEPRECIATION |
| At 1 November 2014 |
| Charge for year |
| At 31 October 2015 |
| NET BOOK VALUE |
| At 31 October 2015 |
| At 31 October 2014 |
| Jointine Products (Lincoln) Limited (Registered number: 03839929) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 October 2015 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| given. |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |