J & D Cowper Limited - Abbreviated accounts 16.1
J & D Cowper Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 May 2016 |
| for |
| J & D Cowper Limited |
| J & D Cowper Limited (Registered number: SC162762) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 May 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| J & D Cowper Limited |
| Company Information |
| for the Year Ended 31 May 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| T/A RWM & KM MacKenzie & Co |
| J & D Cowper Limited (Registered number: SC162762) |
| Abbreviated Balance Sheet |
| 31 May 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| J & D Cowper Limited (Registered number: SC162762) |
| Abbreviated Balance Sheet - continued |
| 31 May 2016 |
| The financial statements were approved by the Board of Directors on by: |
| J & D Cowper Limited (Registered number: SC162762) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 May 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets 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. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates subject to Directors' review for reasonableness vis-a-vis |
| market value, in order to write off each asset over its estimated useful life. |
| Land Not Depreciated |
| Buildings 5% Straightline basis from 1 June 1999 |
| Fixtures and Fittings 10% Reducing Balance |
| Trucks 30% Reducing Balance |
| Vans 25% Reducing Balance |
| Plant and Machinery 20% Reducing Balance with the exception of the following:- |
| Portable Steel Sheds 5% Straightline Basis |
| Investment property |
| Investment property is shown at 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 |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| J & D Cowper Limited (Registered number: SC162762) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 May 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 June 2015 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 May 2016 |
| DEPRECIATION |
| At 1 June 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 May 2016 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| Total |
| £ |
| COST |
| At 1 June 2015 |
| and 31 May 2016 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2016 | 2015 |
| £ | £ |
| Repayable by instalments | 344,901 | - |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| J & D Cowper Limited (Registered number: SC162762) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 May 2016 |
| 6. | RELATED PARTY DISCLOSURES |
| The directors have loans to the company of £32,703 (2015 - £14,867). These loans are interest free to the |
| company and have no fixed dates for repayment. No other transactions with related parties were undertaken such |
| as are required to be disclosed under Financial Reporting Standard 8. |