D. & O. Jones Stores Ltd. - Abbreviated accounts 16.3

REGISTERED NUMBER: 02938501 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

D. & O. JONES STORES LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D C Jones

Mrs O V L Jones

Mr N Jones

SECRETARY:

Mrs O V L Jones

REGISTERED OFFICE:

Rainow Mill House

Ingersley Vale

Bollington

Macclesfield

Cheshire

SK10 5BP

REGISTERED NUMBER:

02938501 (England and Wales)

ACCOUNTANT:

Andrew W Berens FCA.

Chartered Accountant

48 Ringley Drive

Whitefield

Manchester

M45 7LR

BANKERS:

Santander

Bridle Road

Bootle

Merseyside

GIR 0AA

FIXED ASSETS

Tangible assets

2

461,149

343,844

CURRENT ASSETS

Stocks

65,260

73,024

Debtors

158,235

276,096

Cash at bank and in hand

594,147

557,377

817,642

906,497

CREDITORS

Amounts falling due within one year

(82,235

)

(74,763

)

NET CURRENT ASSETS

735,407

831,734

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,196,556

1,175,578

PROVISIONS FOR LIABILITIES

-

(1,050

)

NET ASSETS

1,196,556

1,174,528

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

1,196,552

1,174,524

SHAREHOLDERS' FUNDS

1,196,556

1,174,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 12 December 2016 and were signed on its behalf
by:

Mr D C Jones - Director

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.

Tangible fixed assets

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

Short leasehold

-

in accordance with the property

Fixtures and fittings

-

15% on cost

No depreciation has been provided on the freehold buildings.

The directors have agreed that an annual review of the carrying value of the buildings will be undertaken in

accordance with FRS 11. The review indicates that the property's "in use" value exceeds the book value. The

directors also consider that the remaining useful life of the asset is greater than 50 years.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

530,543

Additions

124,358

At 30 June 2016

654,901

DEPRECIATION

At 1 July 2015

186,699

Charge for year

7,053

At 30 June 2016

193,752

NET BOOK VALUE

At 30 June 2016

461,149

At 30 June 2015

343,844

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

3

A Ordinary

1

3

1

B Ordinary

1

4

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts were owed by the company to the directors as at 30 June 2016 was £1,245 (2015 - £1,335). Loans are

free of interest and repayable on demand.