Abbreviated Company Accounts - K C JONES (CONFERENCE & EVENTS) LIMITED

K C JONES (CONFERENCE & EVENTS) LIMITED - Company Information

Registered Number 05028002

K C JONES (CONFERENCE & EVENTS) LIMITED

Abbreviated Accounts

31 January 2016

K C JONES (CONFERENCE & EVENTS) LIMITED Registered Number 05028002

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	589,103	421,026
		589,103	421,026
Current assets
Stocks		10,823	32,155
Debtors		60,609	72,116
Cash at bank and in hand		65,326	51,102
		136,758	155,373
Creditors: amounts falling due within one year		(236,715)	(195,457)
Net current assets (liabilities)		(99,957)	(40,084)
Total assets less current liabilities		489,146	380,942
Creditors: amounts falling due after more than one year		(265,696)	(168,942)
Total net assets (liabilities)		223,450	212,000
Capital and reserves
Called up share capital		2	2
Profit and loss account		223,448	211,998
Shareholders' funds		223,450	212,000

For the year ending 31 January 2016 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 31 October 2016

And signed on their behalf by:
R Cadman-Jones, Director

K C JONES (CONFERENCE & EVENTS) LIMITED Registered Number 05028002

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is calculated to write off the cost or revalued amount less estimated residual value of
fixed assets on a reducing balance basis over their estimated useful lives.

Valuation information and policy
Work in progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies
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.

2Tangible fixed assets

	£
Cost
At 1 February 2015	458,735
Additions	178,966
Disposals	(13,995)
Revaluations	-
Transfers	-
At 31 January 2016	623,706
Depreciation
At 1 February 2015	37,709
Charge for the year	7,568
On disposals	(10,674)
At 31 January 2016	34,603
Net book values
At 31 January 2016	589,103
At 31 January 2015	421,026