J_&_E_PAGE_(MERTHYR)_LIMI - Accounts

J. & E. PAGE (MERTHYR) LIMITED - Company Information

Print Friendly Version

J & E PAGE (MERTHYR) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 AUGUST 2015

Company Registration No. 750055 (England and Wales)

J & E PAGE (MERTHYR) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

J & E PAGE (MERTHYR) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

20,024

32,433

Current assets

Stocks

76,164

77,739

Debtors

133,386

802,427

Cash at bank and in hand

36,532

63,446

246,082

943,612

Creditors: amounts falling due within one year

(194,229)

(191,931)

Net current assets

51,853

751,681

Total assets less current liabilities

71,877

784,114

Capital and reserves

Called up share capital

6,000

Profit and loss account

65,877

778,114

Shareholders' funds

71,877

784,114

For the financial year ended 30 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 May 2016

N Naef

Director

Company Registration No. 750055

J & E PAGE (MERTHYR) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 AUGUST 2015

- 2 -

Accounting policies

1.1

Accounting convention

The accounts of the company are prepared on a 52 or 53 week basis, generally to the Friday nearest 31 August.

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

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

Fixtures, fittings & equipment

20% per annum on cost

Motor vehicles

25% per annum on cost

1.5

Stock

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

1.6

Pensions

The company contributes to personal pension schemes for the benefit of the directors and eligible employees. The company's liability is limited to the premiums actually paid which are charged to the profit and loss account in the period of payment.

J & E PAGE (MERTHYR) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 AUGUST 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 30 August 2014

89,694

Disposals

(26,635)

At 30 August 2015

63,059

Depreciation

At 30 August 2014

57,261

On disposals

(24,134)

Charge for the year

9,908

At 30 August 2015

43,035

Net book value

At 30 August 2015

20,024

At 29 August 2014

32,433

Share capital

2015

2014

Allotted, called up and fully paid

6,000 Ordinary shares of £1 each

6,000

Ultimate parent company

The parent company and controlling party is J and E Page Limited. The ultimate parent company is Gorgona Holdings AG, a company incorporated in Switzerland. The shares in Gorgona Holdings AG are bearer shares.