J & J Davies Limited - Abbreviated accounts 16.1

J & J Davies Limited - Abbreviated accounts 16.1

J & J DAVIES LIMITED - Company Information

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REGISTERED NUMBER: 05306439 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

J & J DAVIES LIMITED

J & J DAVIES LIMITED (REGISTERED NUMBER: 05306439)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

J & J DAVIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2016







DIRECTORS: Mrs H M Davies
P M Davies





SECRETARY: Mrs H M Davies





REGISTERED OFFICE: The Swan Inn
Whiston
Penkridge
Staffordshire
ST19 5QH





REGISTERED NUMBER: 05306439 (England and Wales)





ACCOUNTANTS: Wright & Co Partnership Limited
Chartered Accountants
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ
Page 1
J & J DAVIES LIMITED (REGISTERED NUMBER: 05306439)

ABBREVIATED BALANCE SHEET
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - 6,000
Tangible assets 3 16,865 18,131
16,865 24,131

CURRENT ASSETS
Stocks 2,952 1,189
Debtors 2,609 -
Cash at bank and in hand 134,261 77,141
139,822 78,330
CREDITORS
Amounts falling due within one year 142,020 94,124
NET CURRENT LIABILITIES (2,198 ) (15,794 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
14,667
8,337

PROVISIONS FOR LIABILITIES 2,901 3,050
NET ASSETS 11,766 5,287

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 11,764 5,285
SHAREHOLDERS' FUNDS 11,766 5,287

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 20 November 2016 and were signed on its behalf by:





Mrs H M Davies - Director


The notes form part of these abbreviated accounts

Page 2
J & J DAVIES LIMITED (REGISTERED NUMBER: 05306439)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2016

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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

Pensions
The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the profit
and loss account.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 60,000
AMORTISATION
At 1 April 2015 54,000
Amortisation for year 6,000
At 31 March 2016 60,000
NET BOOK VALUE

At 31 March 2016 -
At 31 March 2015 6,000

Page 3 continued...
J & J DAVIES LIMITED (REGISTERED NUMBER: 05306439)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 March 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 50,888
Additions 1,754
At 31 March 2016 52,642
DEPRECIATION
At 1 April 2015 32,757
Charge for year 3,020
At 31 March 2016 35,777
NET BOOK VALUE
At 31 March 2016 16,865
At 31 March 2015 18,131

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

Dividends paid to director:

Dividends paid to directors in their capacity as shareholders during the year totalled £33,690.

Page 4