Abbreviated Company Accounts - JH BUSINESS WISE LIMITED

JH BUSINESS WISE LIMITED - Company Information

05185788 JH BUSINESS WISE LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 05185788 2014-07-01 2015-06-30 05185788 2015-06-30 05185788 2014-06-30 05185788 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 05185788 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 05185788

JH BUSINESS WISE LIMITED

Abbreviated Accounts

30 June 2015

JH BUSINESS WISE LIMITED Registered Number 05185788

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	-	-
Tangible assets	3	15,670	12,105
		15,670	12,105
Current assets
Stocks		1,015	1,015
Debtors		16,485	16,401
Cash at bank and in hand		7,085	11,667
		24,585	29,083
Creditors: amounts falling due within one year		(21,493)	(10,802)
Net current assets (liabilities)		3,092	18,281
Total assets less current liabilities		18,762	30,386
Total net assets (liabilities)		18,762	30,386
Capital and reserves
Called up share capital	4	55,100	65,100
Revaluation reserve		3,230	3,230
Profit and loss account		(39,568)	(37,944)
Shareholders' funds		18,762	30,386

For the year ending 30 June 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 April 2016

And signed on their behalf by:
Marc Sidney, Director

JH BUSINESS WISE LIMITED Registered Number 05185788

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of work carried out in respect of cleaning services provided to customers.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery - 25% reducing balance
Fixtures, fittings & equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 July 2014	24,995
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	24,995
Amortisation
At 1 July 2014	24,995
Charge for the year	-
On disposals	-
At 30 June 2015	24,995
Net book values
At 30 June 2015	0
At 30 June 2014	0

3Tangible fixed assets

	£
Cost
At 1 July 2014	32,870
Additions	8,028
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	40,898
Depreciation
At 1 July 2014	20,765
Charge for the year	4,463
On disposals	-
At 30 June 2015	25,228
Net book values
At 30 June 2015	15,670
At 30 June 2014	12,105

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
55,100 Ordinary shares of £1 each (65,100 shares for 2014)	55,100	65,100

During the year 10,000 shares were purchased by the company.