Company Registration No. 04310658 (England and Wales)
JOSEPH DEVELOPMENTS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
Evolution Business and Tax Advisors LLP
10 Evolution
Wynyard Park
Wynyard
TS22 5TB
JOSEPH DEVELOPMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
JOSEPH DEVELOPMENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Current assets
Debtors
2
908,167
904,417
Cash at bank and in hand
1,232
5,649
909,399
910,066
Creditors: amounts falling due within one year
(65,970)
(66,142)
Total assets less current liabilities
843,429
843,924
Creditors: amounts falling due after more than one year
(128,811)
(128,811)
714,618
715,113
Capital and reserves
Called up share capital
3
129,876
129,876
Profit and loss account
584,742
585,237
Shareholders' funds
714,618
715,113
For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. 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 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board for issue on 13 October 2014
Mr J C Musgrave
Director
Company Registration No. 04310658
JOSEPH DEVELOPMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
2
Debtors
Debtors include an amount of £750,000 (2013 - £750,000) which is due after more than one year.
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
129,876 ordinary shares of £1 each
129,876
129,876
4
Control
As in the previous year, the company is controlled by the directors, Mr J C Musgrave and Mr J Musgrave, by virtue of their shareholdings in the company.
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