John Goulding & Co. Ltd Small abbreviated accounts

BTS CHORLEY LIMITED - Company Information

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Company Registration Number 04300719

JOHN GOULDING & CO. LTD

UNAUDITED ABBREVIATED ACCOUNTS

YEAR ENDED

31 March 2016

JOHN GOULDING & CO. LTD

ABBREVIATED BALANCE SHEET

31 March 2016

	2016		2015
Note	£	£	£	£

Fixed assets	2
Intangible assets		412,500	450,000
Tangible assets		9,190	10,530
		----------	----------
		421,690	460,530

Current assets

Debtors	422,351	403,421
Cash at bank and in hand	131,164	104,039
	----------	----------
	553,515	507,460
Creditors: amounts falling due within one year	589,164	606,483
	----------	----------

Net current liabilities		( 35,649)		( 99,023)

	----------	----------
Total assets less current liabilities	386,041	361,507

Creditors: amounts falling due after more than one year	3		120,000		120,000

		----------		----------
		266,041		241,507
		----------		----------

Capital and reserves

Called up equity share capital	4	100	100
Profit and loss account		265,941	241,407

	----------	----------
Shareholders' funds	266,041	241,507
	----------	----------

For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 17 November 2016 , and are signed on their behalf by:

Mr B.A. Rigby, Director

Company Registration Number: 04300719

JOHN GOULDING & CO. LTD

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 MARCH 2016

1. Accounting policies

(a) Basis of accounting

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). Any changes in accounting policy resulting from the implementation of new accounting standards, which have a material effect on the accounts, are disclosed separately within the relevant note to the accounts.

(b) Turnover

The turnover shown in the profit and loss account represents amounts earned during the year, recognised at the date of performing the work. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including an estimate of amounts not invoiced, included as part of the debtors figure in the accounts.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill-5% straight line basis

(d) Fixed assets

All fixed assets are initially recorded at cost.

(e) Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment-20% straight line basis

(f) Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

(g) Pension costs

The company contributes to a group personal pension scheme for the employees. The assets of the scheme are held separately from those of the company. The company also makes contributions to the personal pension schemes of the directors. The annual contributions paid are charged to the profit and loss account.

(h) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

2. Fixed assets

Intangible Assets	Tangible Assets	Total
£	£	£

Cost

At 1 April 2015	750,000	23,629	773,629
Additions	–	4,484	4,484
Disposals	–	( 9,906)	( 9,906)
	----------	---------	----------
At 31 March 2016	750,000	18,207	768,207
	----------	---------	----------

Depreciation

At 1 April 2015	300,000	13,099	313,099
Charge for year	37,500	5,824	43,324
On disposals	–	( 9,906)	( 9,906)
	----------	---------	----------
At 31 March 2016	337,500	9,017	346,517
	----------	---------	----------

Net book value

At 31 March 2016	412,500	9,190	421,690
	----------	---------	----------

At 31 March 2015	450,000	10,530	460,530
	----------	---------	----------

3. Creditors: amounts falling due after more than one year

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2016	2015
	£	£
Debenture loans	120,000	120,000
	----------	----------

Included within creditors falling due after more than one year is an amount of £120,000 (2015 - £120,000) in respect of liabilities which fall due for payment after more than five years from the balance sheet date.

4. Share capital

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
A Ordinary shares of £ 1 each	34	34	34	34
B Ordinary shares of £ 1 each	33	33	33	33
C Ordinary shares of £ 1 each	33	33	33	33
	---------	---------	---------	---------
	100	100	100	100
	---------	---------	---------	---------

5. Post balance sheet events

There were no material post balance sheet events, which require disclosure in these financial statements.