J D S Home Developments Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04471480 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015

FOR

J D S HOME DEVELOPMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

Mr J D Smith

SECRETARY:

Wallis White & Co Limited

REGISTERED OFFICE:

Cedar Court

5 College Street

Petersfield

Hampshire

GU31 4AE

REGISTERED NUMBER:

04471480 (England and Wales)

ACCOUNTANTS:

Wallis White & Co

Accountants and Tax Consultants

Cedar Court

5 College Street

Petersfield

Hampshire

GU31 4AE

FIXED ASSETS

Intangible assets

2

4,000

8,000

Tangible assets

3

1,100

1,144

5,100

9,144

CURRENT ASSETS

Stocks

-

24,000

Debtors

9,811

540

Cash at bank

2,926

539

12,737

25,079

CREDITORS

Amounts falling due within one year

17,195

33,392

NET CURRENT LIABILITIES

(4,458

)

(8,313

)

TOTAL ASSETS LESS CURRENT LIABILITIES

642

831

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

640

829

SHAREHOLDERS' FUNDS

642

831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 17 March 2016 and were signed by:

Mr J D Smith - 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 2011, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 July 2014

and 30 June 2015

20,000

AMORTISATION

At 1 July 2014

12,000

Amortisation for year

4,000

At 30 June 2015

16,000

NET BOOK VALUE

At 30 June 2015

4,000

At 30 June 2014

8,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

2,840

Additions

208

At 30 June 2015

3,048

DEPRECIATION

At 1 July 2014

1,696

Charge for year

252

At 30 June 2015

1,948

NET BOOK VALUE

At 30 June 2015

1,100

At 30 June 2014

1,144

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

2

Ordinary

£1

2

2