Jerry Howarth Pork Butchers Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06192707 (England and Wales)

Abbreviated Accounts For The Year Ended 31st March 2016

for

Jerry Howarth Pork Butchers Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs M Howarth

T J Howarth

REGISTERED OFFICE:

64 High Street

Belper

Derbyshire

DE56 1GF

REGISTERED NUMBER:

06192707 (England and Wales)

ACCOUNTANTS:

L& S Accountancy Services

64 High Street

Belper

Derbyshire

DE56 1GF

FIXED ASSETS

Tangible assets

2

11,827

11,602

CURRENT ASSETS

Stocks

5,608

6,224

Debtors

14,365

8,487

Cash at bank and in hand

41,002

12,945

60,975

27,656

CREDITORS

Amounts falling due within one year

26,404

26,352

NET CURRENT ASSETS

34,571

1,304

TOTAL ASSETS LESS CURRENT
LIABILITIES

46,398

12,906

PROVISIONS FOR LIABILITIES

2,365

2,320

NET ASSETS

44,033

10,586

CAPITAL AND RESERVES

Called up share capital

3

79

54

Profit and loss account

43,954

10,532

SHAREHOLDERS' FUNDS

44,033

10,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 19th October 2016 and were signed on its behalf
by:

T J Howarth - 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 goods, 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.

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on 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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

22,369

Additions

1,950

At 31st March 2016

24,319

DEPRECIATION

At 1st April 2015

10,767

Charge for year

1,725

At 31st March 2016

12,492

NET BOOK VALUE

At 31st March 2016

11,827

At 31st March 2015

11,602

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2016

2015

value:

£

50

Share capital - Class A

£1

75

50

1

Share capital - Class B

£1

1

Share capital - Class C

£1

1

Share capital - Class D

£1

1

Share capital - Class E

£1

1

79

54

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31st March 2016 the company owed to it's directors Mrs. M. Howarth and Mr. T. J. Howarth the sum of

£3,969 (2015: £14,776). This amount is unsecured , interest free and has no fixed repayment terms.