Jonathan Sneath Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04873615 (England and Wales)

JONATHAN SNEATH LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J H Sneath

REGISTERED OFFICE:

Commerce House

18 West Street

Bourne

Lincolnshire

PE10 9NE

REGISTERED NUMBER:

04873615 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

Commerce House

18 West Street

Bourne

Lincolnshire

PE10 9NE

FIXED ASSETS

Tangible assets

2

2,010

2,440

CURRENT ASSETS

Debtors

58,416

-

Cash at bank

37,120

63,937

95,536

63,937

CREDITORS

Amounts falling due within one year

40,288

14,072

NET CURRENT ASSETS

55,248

49,865

TOTAL ASSETS LESS CURRENT LIABILITIES

57,258

52,305

PROVISIONS FOR LIABILITIES

402

488

NET ASSETS

56,856

51,817

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

56,756

51,717

SHAREHOLDERS' FUNDS

56,856

51,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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 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 director on 29 December 2016 and were signed by:

J H Sneath - 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 services, 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

13,754

Additions

200

At 31 March 2016

13,954

DEPRECIATION

At 1 April 2015

11,314

Charge for year

630

At 31 March 2016

11,944

NET BOOK VALUE

At 31 March 2016

2,010

At 31 March 2015

2,440

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is £24,419 (2015 - £11) owing to J H Sneath, the director.