JT & AJ Andrews Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07542951 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

JT & AJ ANDREWS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J T Andrews

Mrs A J Andrews

REGISTERED OFFICE:

St John's House

Castle Street

Taunton

Somerset

TA1 4AY

REGISTERED NUMBER:

07542951 (England and Wales)

ACCOUNTANTS:

Mitchells Chartered Accountants

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

FIXED ASSETS

Intangible assets

2

-

5,539

Tangible assets

3

126,802

148,419

126,802

153,958

CURRENT ASSETS

Debtors

148,252

88,464

Cash in hand

600

600

148,852

89,064

CREDITORS

Amounts falling due within one year

14,145

5,071

NET CURRENT ASSETS

134,707

83,993

TOTAL ASSETS LESS CURRENT LIABILITIES

261,509

237,951

CAPITAL AND RESERVES

Called up share capital

4

600

600

Profit and loss account

260,909

237,351

SHAREHOLDERS' FUNDS

261,509

237,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 11 August 2016 and were signed on its behalf by:

J T Andrews - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Intangible fixed assets - single farm payment entitlements

Single farm payment entitlements are capitalised as an intangible asset. Amortisation is provided on the straight

line basis and aims to write off these entitlements over their expected useful life. This is taken to be the period

from acquisition to 31 December 2015, at which time the directors consider that the entitlements will have no

value.

Amortisation is calculated by working out the proportion of the expected useful life that has expired during the

accounting period and applying this proportion to the original cost.

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

-

15% on cost and 12.5% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

15,924

Additions

320

At 30 April 2016

16,244

AMORTISATION

At 1 May 2015

10,385

Amortisation for year

5,859

At 30 April 2016

16,244

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

5,539

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

214,098

Additions

53,230

Disposals

(69,380

)

At 30 April 2016

197,948

DEPRECIATION

At 1 May 2015

65,679

Charge for year

30,506

Eliminated on disposal

(25,039

)

At 30 April 2016

71,146

NET BOOK VALUE

At 30 April 2016

126,802

At 30 April 2015

148,419

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

200

Ordinary Shares

£1

200

200

400

"A" to "D" Ordinary Shares

£1

400

400

600

600