J MILLIN & SON LTD - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05364279 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

J MILLIN & SON LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

DG COX

S ROBINSON

REGISTERED OFFICE:

22 THE SPINNEYS

ENSTONE

CHIPPING NORTON

Oxfordshire

OX7 4LD

REGISTERED NUMBER:

05364279 (England and Wales)

ACCOUNTANTS:

Self Assessment Systems Ltd

Office Suite 4

4 Bridge Street Mill

Bridge Street

WITNEY

Oxfordshire

OX28 1FX

FIXED ASSETS

Tangible assets

2

19,163

24,302

CURRENT ASSETS

Stocks

13,250

12,730

Debtors

24,383

21,902

Prepayments and accrued income

13,868

18,430

Cash at bank and in hand

37,166

34,951

88,667

88,013

CREDITORS

Amounts falling due within one year

76,477

75,648

NET CURRENT ASSETS

12,190

12,365

TOTAL ASSETS LESS CURRENT LIABILITIES

31,353

36,667

PROVISIONS FOR LIABILITIES

3,685

4,681

NET ASSETS

27,668

31,986

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

27,568

31,886

SHAREHOLDERS' FUNDS

27,668

31,986

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 6 July 2016 and were signed on its behalf by:

DG COX - 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 etc

-

25% on reducing balance

Stocks

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

moving items.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

95,670

Additions

1,258

At 31 March 2016

96,928

DEPRECIATION

At 1 April 2015

71,368

Charge for year

6,397

At 31 March 2016

77,765

NET BOOK VALUE

At 31 March 2016

19,163

At 31 March 2015

24,302

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

£

50

Ordinary 'A'

£1

100

100

50

Ordinary 'B'

£1

-

-

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

31 March 2016 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Self Assessment Systems Ltd

Office Suite 4

4 Bridge Street Mill

Bridge Street

WITNEY

Oxfordshire

OX28 1FX

Date: .............................................