John's Framing Service Ltd - Abbreviated accounts 16.1

John's Framing Service Ltd - Abbreviated accounts 16.1

JOHN'S FRAMING SERVICE LTD - Company Information

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REGISTERED NUMBER: 08817209 (England and Wales)











John's Framing Service Ltd

Abbreviated Accounts

For The Year Ended 31 December 2015






John's Framing Service Ltd (Registered number: 08817209)






Contents of the Abbreviated Accounts
For The Year Ended 31 December 2015




Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

John's Framing Service Ltd (Registered number: 08817209)

Abbreviated Balance Sheet
31 December 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 12,500 25,000
Tangible assets 3 9,170 10,909
21,670 35,909

CURRENT ASSETS
Stocks 8,386 8,888
Debtors 2,859 2,859
Cash at bank 6,463 3,842
17,708 15,589
CREDITORS
Amounts falling due within one year 39,447 28,185
NET CURRENT LIABILITIES (21,739 ) (12,596 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(69
)
23,313

CREDITORS
Amounts falling due after more than one
year
(9,620
)
(20,947
)

PROVISIONS FOR LIABILITIES (1,834 ) (2,182 )
NET (LIABILITIES)/ASSETS (11,523 ) 184

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (11,623 ) 84
SHAREHOLDERS' FUNDS (11,523 ) 184

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 notes form part of these abbreviated accounts

Page 1 continued...
John's Framing Service Ltd (Registered number: 08817209)

Abbreviated Balance Sheet - continued
31 December 2015


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 30 August 2016 and were signed on its
behalf by:




K Rodgers - Director



M Rodgers - Director


The notes form part of these abbreviated accounts

Page 2
John's Framing Service Ltd (Registered number: 08817209)

Notes to the Abbreviated Accounts
For The Year Ended 31 December 2015

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 represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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 - 15% on cost
Computer equipment - 33% on cost

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.

Going concern
The directors consider that the company will continue to operate based on the current financial
information and continued support of the directors. On this basis the directors consider it appropriate
to prepare the accounts on a going concern basis.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 37,500
AMORTISATION
At 1 January 2015 12,500
Amortisation for year 12,500
At 31 December 2015 25,000
NET BOOK VALUE

At 31 December 2015 12,500
At 31 December 2014 25,000

Page 3 continued...
John's Framing Service Ltd (Registered number: 08817209)

Notes to the Abbreviated Accounts - continued
For The Year Ended 31 December 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 13,015
DEPRECIATION
At 1 January 2015 2,106
Charge for year 1,739
At 31 December 2015 3,845
NET BOOK VALUE
At 31 December 2015 9,170
At 31 December 2014 10,909

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 4