John O'Dowd Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06938070 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2015

for

John O'Dowd Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J K O'Dowd

REGISTERED OFFICE:

7 Lindum Terrace

Lincoln

LN2 5RP

REGISTERED NUMBER:

06938070 (England and Wales)

ACCOUNTANTS:

Stanbridge Associates Limited

7 Lindum Terrace

Lincoln

Lincolnshire

LN2 5RP

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

2,191

2,921

2,191

2,921

CURRENT ASSETS

Debtors

120,819

149,181

Cash at bank

53,930

11,929

174,749

161,110

CREDITORS

Amounts falling due within one year

132,153

151,817

NET CURRENT ASSETS

42,596

9,293

TOTAL ASSETS LESS CURRENT LIABILITIES

44,787

12,214

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

44,687

12,114

SHAREHOLDERS' FUNDS

44,787

12,214

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 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 21 March 2016 and were signed by:

J K O'Dowd - 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 trading income accrued during the period shown by these financial

statements.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of three 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 etc

-

25% on reducing balance

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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

200,000

AMORTISATION

At 1 August 2014

and 31 July 2015

200,000

NET BOOK VALUE

At 31 July 2015

-

At 31 July 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

8,084

DEPRECIATION

At 1 August 2014

5,163

Charge for year

730

At 31 July 2015

5,893

NET BOOK VALUE

At 31 July 2015

2,191

At 31 July 2014

2,921

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

ordinary

£1.00

100

100