Abbreviated Company Accounts - JOHN WILLIAMS GROUP HOLDINGS LIMITED

JOHN WILLIAMS GROUP HOLDINGS LIMITED - Company Information

Registered Number 04074542

JOHN WILLIAMS GROUP HOLDINGS LIMITED

Abbreviated Accounts

31 December 2015

JOHN WILLIAMS GROUP HOLDINGS LIMITED Registered Number 04074542

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	1	1
Tangible assets	3	974,242	959,539
Investments	4	2	2
		974,245	959,542
Current assets
Debtors		225	-
Cash at bank and in hand		9,027	17,176
		9,252	17,176
Creditors: amounts falling due within one year		(328,567)	(304,459)
Net current assets (liabilities)		(319,315)	(287,283)
Total assets less current liabilities		654,930	672,259
Creditors: amounts falling due after more than one year		(166,535)	(213,291)
Total net assets (liabilities)		488,395	458,968
Capital and reserves
Called up share capital		840	840
Revaluation reserve		244,878	244,878
Other reserves		360	360
Profit and loss account		242,317	212,890
Shareholders' funds		488,395	458,968

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 30 September 2016

And signed on their behalf by:
David Wyn Williams, Director
John Michael Williams, Director

JOHN WILLIAMS GROUP HOLDINGS LIMITED Registered Number 04074542

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of VAT, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life at the following annual rates.
Freehold property at 1% on cost and Motor vehicles at 25% on reducing balance.

2Intangible fixed assets

	£
Cost
At 1 January 2015	204,129
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	204,129
Amortisation
At 1 January 2015	204,128
Charge for the year	-
On disposals	-
At 31 December 2015	204,128
Net book values
At 31 December 2015	1
At 31 December 2014	1

3Tangible fixed assets

	£
Cost
At 1 January 2015	1,081,432
Additions	25,517
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	1,106,949
Depreciation
At 1 January 2015	121,893
Charge for the year	10,814
On disposals	-
At 31 December 2015	132,707
Net book values
At 31 December 2015	974,242
At 31 December 2014	959,539

4Fixed assets Investments
The company's investment at the balance sheet date represents 100% of the ordinary share capital of Bangor Glass and Glazing Limited, a dormant company.