John Lovell & Associates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04459962 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

JOHN LOVELL & ASSOCIATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J L Lovell

Mrs E C Lovell

SECRETARY:

J L Lovell

REGISTERED OFFICE:

25 Lawson Road

Sheffield

South Yorkshire

S10 5BU

REGISTERED NUMBER:

04459962 (England and Wales)

ACCOUNTANTS:

S Burgess & Co Ltd

11 Slayleigh Avenue

Sheffield

South Yorkshire

S10 3RA

FIXED ASSETS

Tangible assets

2

-

2,482

CURRENT ASSETS

Debtors

-

301

Cash at bank

336

3,500

336

3,801

CREDITORS

Amounts falling due within one year

680

4,134

NET CURRENT LIABILITIES

(344

)

(333

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(344

)

2,149

PROVISIONS FOR LIABILITIES

-

496

NET (LIABILITIES)/ASSETS

(344

)

1,653

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(444

)

1,553

SHAREHOLDERS' FUNDS

(344

)

1,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 31 July 2016 and were signed on its
behalf by:

Mrs E C Lovell - 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 comprises advertising agency services, principally involving media space re-charges,

excluding value added tax. Turnover is recognised when the media space charges to the company are

incurred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

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 July 2015

6,579

Disposals

(6,579

)

At 30 June 2016

-

DEPRECIATION

At 1 July 2015

4,097

Eliminated on disposal

(4,097

)

At 30 June 2016

-

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

2,482

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary

£1

100

4.	CONTROL RELATIONSHIPS

The company is under the sole control of the director, Mrs E C Lovell.