R. HUGHES & J. H. JONES LTD. - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05191580 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2015

FOR

R. HUGHES & J. H. JONES LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

5

DIRECTORS:

Mrs. J H Jones

R Hughes

SECRETARY:

Mrs. J H Jones

REGISTERED OFFICE:

Medical Hall

Pant Yr Afon

Penmaenmawr

Conwy

LL34 6BY

REGISTERED NUMBER:

05191580 (England and Wales)

ACCOUNTANTS:

R. Lunt Roberts & Co.

75A High Street

Bangor

Gwynedd

LL57 1NR

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

1,213,369

1,076,707

1,213,369

1,076,707

CURRENT ASSETS

Stocks

35,450

37,565

Debtors

71,206

73,866

Cash at bank and in hand

405,593

441,987

512,249

553,418

CREDITORS

Amounts falling due within one year

149,149

164,542

NET CURRENT ASSETS

363,100

388,876

TOTAL ASSETS LESS CURRENT LIABILITIES

1,576,469

1,465,583

CAPITAL AND RESERVES

Called up share capital

4

440,000

440,000

Profit and loss account

1,136,469

1,025,583

SHAREHOLDERS' FUNDS

1,576,469

1,465,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 4 March 2016 and were signed on its behalf by:

Mrs. J H Jones - 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, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten 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 & Fittings Rental Properties

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

350,000

Disposals

(350,000

)

At 31 August 2015

-

AMORTISATION

At 1 September 2014

350,000

Eliminated on disposal

(350,000

)

At 31 August 2015

-

NET BOOK VALUE

At 31 August 2015

-

At 31 August 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

1,086,348

Additions

137,583

At 31 August 2015

1,223,931

DEPRECIATION

At 1 September 2014

9,641

Charge for year

921

At 31 August 2015

10,562

NET BOOK VALUE

At 31 August 2015

1,213,369

At 31 August 2014

1,076,707

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

£

440,000

Ordinary

1

440,000

440,000

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

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

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2015 set out on pages nil to nil 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.

R. Lunt Roberts & Co.

75A High Street

Bangor

Gwynedd

LL57 1NR

4 March 2016