DAVID_JONES_&_CO_(YORKS)_ - Accounts

DAVID JONES & CO (YORKS) LIMITED - Company Information

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Company Registration No. 03224637 (England and Wales)

DAVID JONES & CO (YORKS) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

DAVID JONES & CO (YORKS) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DAVID JONES & CO (YORKS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

89,096

191,832

Current assets

Debtors

12,665

5,231

Cash at bank and in hand

35,296

17,691

47,961

22,922

Creditors: amounts falling due within one year

(15,328)

(106,038)

Net current assets/(liabilities)

32,633

(83,116)

Total assets less current liabilities

121,729

108,716

Capital and reserves

Called up share capital

100

Revaluation reserve

43,000

Profit and loss account

78,629

65,616

Shareholders' funds

121,729

108,716

For the financial year ended 30 April 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 financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 21 November 2016

C D A Jones

Director

Company Registration No. 03224637

DAVID JONES & CO (YORKS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for services.

1.3

Tangible fixed assets and depreciation

Fixtures, fittings & equipment

25% Reducing balance

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost or valuation

At 1 May 2015

192,068

Additions

23,108

Disposals

(125,768)

At 30 April 2016

89,408

Depreciation

At 1 May 2015

236

Charge for the year

At 30 April 2016

312

Net book value

At 30 April 2016

89,096

At 30 April 2015

191,832

DAVID JONES & CO (YORKS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Other transactions

During the year the company made sales of £4,568 (2015: £3,890) to Mr C D A Jones and Mrs P Z Jones. Rent of £520 was paid to Mrs P Z Jones. No amounts were outstanding at the balance sheet date.

During the year, Mr C D A Jones purchased a property from the company, at an independent market valuation of £135,000.