Jon Gilbert Carpet & Flooring Limited - Limited company - abbreviated

REGISTERED NUMBER: 04581870 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

JON GILBERT CARPET & FLOORING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J Gilbert

SECRETARY:

Mrs B A Gilbert

REGISTERED OFFICE:

12 Lower Stone Close

Frampton Cotterell

Bristol

BS36 2LE

REGISTERED NUMBER:

04581870 (England and Wales)

ACCOUNTANTS:

Keller & Co

367b Church Road

Frampton Cotterell

Bristol

BS36 2AQ

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

5,555

7,319

5,555

7,319

CURRENT ASSETS

Stocks

5,500

Debtors

4

37,664

16,174

Cash at bank

28,126

19,549

71,290

41,223

CREDITORS

Amounts falling due within one year

(47,827

)

(27,244

)

NET CURRENT ASSETS

23,463

13,979

TOTAL ASSETS LESS CURRENT
LIABILITIES

29,018

21,298

CREDITORS

Amounts falling due after more than one
year

(6,621

)

(8,658

)

PROVISIONS FOR LIABILITIES

(1,045

)

(1,383

)

NET ASSETS

21,352

11,257

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

21,350

11,255

SHAREHOLDERS' FUNDS

21,352

11,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 18 September 2014 and were signed by:

J Gilbert - 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 2003, 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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

30,000

AMORTISATION

At 1 January 2013

and 31 December 2013

30,000

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

14,161

DEPRECIATION

At 1 January 2013

6,842

Charge for year

1,764

At 31 December 2013

8,606

NET BOOK VALUE

At 31 December 2013

5,555

At 31 December 2012

7,319

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 4,000 (2012 - £ 4,000 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

1

Ordinary £1 A

£1

1

Ordinary £1 B

£1

1

2

Jon Gilbert Carpet & Flooring Limited - Limited company - abbreviated - 11.0.0

Jon Gilbert Carpet & Flooring Limited - Limited company - abbreviated - 11.0.0