Michael D Jones Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08023087 (England and Wales)

Abbreviated Accounts for the Year Ended 30th April 2016

for

Michael D Jones Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M D Jones

Mrs U E Jones

REGISTERED OFFICE:

'the Subbage'

Tedstone Wafre

Bromyard

Herefordshire

HR7 4PZ

REGISTERED NUMBER:

08023087 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Tangible assets

2

15,249

13,442

CURRENT ASSETS

Debtors

46,436

46,022

CREDITORS

Amounts falling due within one year

3

43,359

47,044

NET CURRENT ASSETS/(LIABILITIES)

3,077

(1,022

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,326

12,420

CREDITORS

Amounts falling due after more than one year

18,245

9,437

NET ASSETS

81

2,983

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

79

2,981

SHAREHOLDERS' FUNDS

81

2,983

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 3rd November 2016 and were signed on its behalf by:

M D Jones - 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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

20,968

Additions

36,526

Disposals

(37,727

)

At 30th April 2016

19,767

DEPRECIATION

At 1st May 2015

7,526

Charge for year

3,814

Eliminated on disposal

(6,822

)

At 30th April 2016

4,518

NET BOOK VALUE

At 30th April 2016

15,249

At 30th April 2015

13,442

3.

CREDITORS

Creditors include an amount of £ 9,885 (2015 - £ 17,986 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2016 and

30th April 2015:

2016

2015

£

£

M D Jones and Mrs U E Jones

Balance outstanding at start of year

29,274

35,143

Amounts advanced

75,611

70,994

Amounts repaid

(72,027

)

(76,863

)

Balance outstanding at end of year

32,858

29,274

Interest has been charged on this loan at 3%.