Joynes Cables Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06279873 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

for

Joynes Cables Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M Joynes

REGISTERED OFFICE:

3 Jesmond Grove

Hartburn

Stockton on Tees

TS18 5ES

REGISTERED NUMBER:

06279873 (England and Wales)

ACCOUNTANTS:

Cousins & Co Limited

Chartered Accountants

Broadcasting House

Newport Road

Middlesbrough

Cleveland

TS1 5JA

FIXED ASSETS

Tangible assets

2

2,374

3,165

CURRENT ASSETS

Stocks

5,750

5,500

Debtors

36,489

29,397

Cash at bank

-

8,894

42,239

43,791

CREDITORS

Amounts falling due within one year

7,359

5,932

NET CURRENT ASSETS

34,880

37,859

TOTAL ASSETS LESS CURRENT
LIABILITIES

37,254

41,024

CAPITAL AND RESERVES

Called up share capital

3

80,055

Profit and loss account

(42,801

)

(39,031

)

SHAREHOLDERS' FUNDS

37,254

41,024

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 26 May 2016 and were signed by:

Mr M Joynes - 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.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

4,414

DEPRECIATION

At 1 September 2014

1,249

Charge for year

791

At 31 August 2015

2,040

NET BOOK VALUE

At 31 August 2015

2,374

At 31 August 2014

3,165

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

100

Ordinary A

£1

100

79,955

Ordinary B

£1

79,955

80,055