Abbreviated Company Accounts - JFH HORTICULTURAL SUPPLIES LIMITED

Abbreviated Company Accounts - JFH HORTICULTURAL SUPPLIES LIMITED

JFH HORTICULTURAL SUPPLIES LIMITED - Company Information

Print Friendly Version

Registered Number 08758818

JFH HORTICULTURAL SUPPLIES LIMITED

Abbreviated Accounts

31 December 2015

JFH HORTICULTURAL SUPPLIES LIMITED Registered Number 08758818

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 376,000 423,000
Tangible assets 3 983,207 163,687
1,359,207 586,687
Current assets
Stocks 497,361 389,932
Debtors 512,599 381,083
Cash at bank and in hand 89,498 228,288
1,099,458 999,303
Creditors: amounts falling due within one year (584,426) (333,423)
Net current assets (liabilities) 515,032 665,880
Total assets less current liabilities 1,874,239 1,252,567
Creditors: amounts falling due after more than one year (1,715,829) (1,097,694)
Total net assets (liabilities) 158,410 154,873
Capital and reserves
Called up share capital 4 1,000 1,000
Profit and loss account 157,410 153,873
Shareholders' funds 158,410 154,873
  • For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 August 2016

And signed on their behalf by:
Mr D J Hutchins, Director

JFH HORTICULTURAL SUPPLIES LIMITED Registered Number 08758818

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

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

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
Plant and machinery 15% reducing balance
Fixtures, fittings & equipment 25% reducing balance
Motor vehicles 25% reducing balance

Other accounting policies
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets
£
Cost
At 1 January 2015 470,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 470,000
Amortisation
At 1 January 2015 47,000
Charge for the year 47,000
On disposals -
At 31 December 2015 94,000
Net book values
At 31 December 2015 376,000
At 31 December 2014 423,000
3Tangible fixed assets
£
Cost
At 1 January 2015 192,392
Additions 873,004
Disposals (25,610)
Revaluations -
Transfers -
At 31 December 2015 1,039,786
Depreciation
At 1 January 2015 28,705
Charge for the year 34,277
On disposals (6,403)
At 31 December 2015 56,579
Net book values
At 31 December 2015 983,207
At 31 December 2014 163,687
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
1,000 Ordinary shares of £1 each 1,000 1,000