Wynne Jones Property Maintenance Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04288120 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2016

for

Wynne Jones Property Maintenance Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

W R Jones

Mrs E L Jones

SECRETARY:

Mrs V A Powell

REGISTERED OFFICE:

Castle House

High Street

Ammanford

Carmarthenshire

SA18 2NB

REGISTERED NUMBER:

04288120 (England and Wales)

ACCOUNTANTS:

Ashmole & Co

Chartered Certified Accountants

Castle House

High Street

Ammanford

Carmarthenshire

SA18 2NB

BANKERS:

Barclays Bank Plc

9 College Street

Ammanford

Carmarthenshire

SA18 3AD

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

546

858

546

858

CURRENT ASSETS

Stocks

5,000

32,410

Debtors

212,497

228,341

217,497

260,751

CREDITORS

Amounts falling due within one year

180,656

116,239

NET CURRENT ASSETS

36,841

144,512

TOTAL ASSETS LESS CURRENT
LIABILITIES

37,387

145,370

CREDITORS

Amounts falling due after more than
one year

12,715

154,916

NET ASSETS/(LIABILITIES)

24,672

(9,546

)

CAPITAL AND RESERVES

Called up share capital

4

1,005

Profit and loss account

23,667

(10,551

)

SHAREHOLDERS' FUNDS

24,672

(9,546

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 24th May 2016 and were signed on
its behalf by:

W R Jones - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

15% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making

due allowance for obsolete and slow moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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 1st April 2015

and 31st March 2016

10,000

AMORTISATION

At 1st April 2015

and 31st March 2016

10,000

NET BOOK VALUE

At 31st March 2016

-

At 31st March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

45,832

DEPRECIATION

At 1st April 2015

44,974

Charge for year

312

At 31st March 2016

45,286

NET BOOK VALUE

At 31st March 2016

546

At 31st March 2015

858

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

1,000

Ordinary A

£1

1,000

2

Ordinary B

£1

1

7

Ordinary C,D,E,F

£1

4

1,005

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2016

and 31st March 2015:

31/3/16

31/3/15

£

W R Jones and Mrs E L Jones

Balance outstanding at start of year

24,213

6,611

Amounts advanced

81,468

17,602

Amounts repaid

(167,361

)

-

Balance outstanding at end of year

(61,680

)

24,213