CJS Direct Limited - Period Ending 2016-03-31

Registration number: 05646320

CJS Direct Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Chase Accounting
4 Station Court
Girton Road
Cannock
Staffordshire
WS11 0EJ

CJS Direct Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
CJS Direct Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CJS Direct Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants (ACCA), we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html .

This report is made solely to the Board of Directors of CJS Direct Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of CJS Direct Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at acca.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CJS Direct Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that CJS Direct Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CJS Direct Limited. You consider that CJS Direct Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of CJS Direct Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Chase Accounting
4 Station Court
Girton Road
Cannock
Staffordshire
WS11 0EJ

9 June 2016

Page 1

CJS Direct Limited
(Registration number: 05646320)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					46,787			28,127
Current assets
Stocks					19,500			15,248
Debtors					184,824			219,274
Cash at bank and in hand					90,523			129,022
					294,847			363,544
Creditors: Amounts falling due within one year					(223,436)			(296,462)
Net current assets					71,411			67,082
Net assets					118,198			95,209
Capital and reserves
Called up share capital		3			102			2
Profit and loss account					118,096			95,207
Shareholders' funds					118,198			95,209

For the year ending 31 March 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 9 June 2016 and signed on its behalf by:

.........................................
Mr Christopher John Smith
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

CJS Direct Limited
(Registration number: 05646320)
Abbreviated Balance Sheet at 31 March 2016
......... continued

.........................................
Mr Peter Keith Jones
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

CJS Direct Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Equipment	25% on cost
Vehicles	25% reducing balance
Computers	30% on cost

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

CJS Direct Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		45,802			45,802
Additions		45,243			45,243
Disposals		(16,160)			(16,160)
At 31 March 2016		74,885			74,885
Depreciation
At 1 April 2015		17,675			17,675
Charge for the year		17,696			17,696
Eliminated on disposals		(7,273)			(7,273)
At 31 March 2016		28,098			28,098
Net book value
At 31 March 2016		46,787			46,787
At 31 March 2015		28,127			28,127

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		2			2			2			2

Page 5