John O. Gordon Limited - Abbreviated accounts 16.3
John O. Gordon Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
| for |
| John O. Gordon Limited |
| John O. Gordon Limited (Registered number: SC029977) |
| 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 |
| John O. Gordon Limited |
| Company Information |
| for the Year Ended 31 March 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| John O. Gordon Limited (Registered number: SC029977) |
| Abbreviated Balance Sheet |
| 31 March 2016 |
| 31.3.16 | 31.3.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 financial statements were approved by the director on |
| John O. Gordon Limited (Registered number: SC029977) |
| 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). |
| Going concern |
| These financial statements have been prepared on a going concern basis. The directors are aware of the net current liability |
| position of the company, and is reliant on the continued support of the bank and suppliers to provide credit. On this basis, it |
| is considered appropriate to prepare the financial statements on a going concern basis. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Heritable property | - |
| Improvements to property | - |
| Tractors | - |
| Implements | - |
| Office equipment | - |
| Heritable property comprises land and therefore is not depreciated. |
| Fixed assets are stated at cost, being purchase price, less accumulated depreciation. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete or slow moving |
| items. Cost comprises all direct expenditure incurred in bringing the items to its present location and condition. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
| date, where transactions or events that result in an obligation to pay more or a right to pay less tax in the future have |
| occurred by the balance sheet date with certain limited exceptions. |
| Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the periods in which the |
| timing differences are expected to reverse, based on tax rates and laws enacted or substantively enacted at the balance |
| sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet |
| date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
| Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| Investments |
| Investments held in fixed assets are stated at cost, net of grants received in relation to the investment. Provision is made for |
| any anticipated permanent diminution in value. |
| Grants relating to woodland investments are credited against the cost of investments in the balance sheet. Grants relating |
| to management of woodlands are taken to the profit and loss account. |
| John O. Gordon Limited (Registered number: SC029977) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 | 3,574 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 31.3.16 | 31.3.15 |
| £ | £ |
| Repayable by instalments | - | 2,323 |
| Details of shares shown as liabilities are as follows: |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
| value: | £ | £ |
| Preference Shares | 1 |
| Preference Shares | 1 |
| 15,000 | 15,000 |
| The preference shares are to be redeemed at par by the company at a date determined by the directors. In accordance with |
| Financial Reporting Standard 25 these shares are included within creditors. |
| John O. Gordon Limited (Registered number: SC029977) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
| value: | £ | £ |
| Ordinary Shares | 1 |
| 6. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of Mr A H Gordon and family throughout the current and previous year. |