JACQUET_WESTON_LIMITED - Accounts

JACQUET WESTON LIMITED - Company Information

Print Friendly Version

Company Registration No. 04012186 (England and Wales)

JACQUET WESTON LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2016

26-32 Oxford Road

Bournemouth

United Kingdom

BH8 8EZ

JACQUET WESTON LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

JACQUET WESTON LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

163,635

183,788

Current assets

Stocks

245,486

230,200

Debtors

462,548

221,570

Cash at bank and in hand

6,022

26,718

714,056

478,488

Creditors: amounts falling due within one year

(523,567)

(341,557)

Net current assets

190,489

136,931

Total assets less current liabilities

354,124

320,719

Creditors: amounts falling due after more than one year

(32,529)

(67,383)

Provisions for liabilities

(30,211)

(31,193)

291,384

222,143

Capital and reserves

Called up share capital

1,000

Profit and loss account

290,384

221,143

Shareholders' funds

291,384

222,143

JACQUET WESTON LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 13 June 2016

Mr. N Weston

Mr. K Weston

Director

Mr. A Jones

Director

Company Registration No. 04012186

JACQUET WESTON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Consolidation

In the opinion of the directors, the company and its parents undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 3298 of the Companies Act 2006 not to prepare group accounts.

1.3

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Overseas turnover amounted to 1.08% (2015 - 0.74%) of the total turnover for the year.

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:

Plant and machinery

15% reducing balance

Fixtures, fittings & equipment

15% reducing balance

Motor vehicles

25% reducing balance

1.5

Leasing and hire purchase commitments

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets as their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the lease term.

1.6

Stock

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.7

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

1.8

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

JACQUET WESTON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 April 2015

302,694

Additions

35,208

Disposals

(18,561)

At 31 March 2016

319,341

Depreciation

At 1 April 2015

118,906

On disposals

(4,640)

Charge for the year

41,440

At 31 March 2016

155,706

Net book value

At 31 March 2016

163,635

At 31 March 2015

183,788

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £nil (2015 - £25,004).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £nil (2015 - £55,781).

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000

Ultimate parent company

The company's parent company is Clark West Property Limited which is incorporated in England & Wales, the ultimate controlling party is the Weston family.