A. F. Jones Stonemasons Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07112560 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

A. F. JONES STONEMASONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A G Jones

Ms M L Alsop

K A Jones

REGISTERED OFFICE:

33 Bedford Road

Reading

Berks

RG1 7EX

REGISTERED NUMBER:

07112560 (England and Wales)

ACCOUNTANTS:

C B Heslop & Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Intangible assets

2

1,660,000

1,780,000

Tangible assets

3

210,641

227,208

1,870,641

2,007,208

CURRENT ASSETS

Stocks

247,792

236,992

Debtors

4

390,524

182,369

Cash at bank and in hand

330,401

68,021

968,717

487,382

CREDITORS

Amounts falling due within one year

436,644

292,683

NET CURRENT ASSETS

532,073

194,699

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,402,714

2,201,907

CREDITORS

Amounts falling due after more than one
year

5

(1,498,620

)

(1,470,000

)

PROVISIONS FOR LIABILITIES

(36,038

)

-

NET ASSETS

868,056

731,907

CAPITAL AND RESERVES

Called up share capital

6

20,950

20,750

Profit and loss account

847,106

711,157

SHAREHOLDERS' FUNDS

868,056

731,907

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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:

A G 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 and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

Straight line over 15 years

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

2,000,000

AMORTISATION

At 1 September 2015

220,000

Amortisation for year

120,000

At 31 August 2016

340,000

NET BOOK VALUE

At 31 August 2016

1,660,000

At 31 August 2015

1,780,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

292,682

Additions

54,164

Disposals

(33,950

)

At 31 August 2016

312,896

DEPRECIATION

At 1 September 2015

65,474

Charge for year

43,561

Eliminated on disposal

(6,780

)

At 31 August 2016

102,255

NET BOOK VALUE

At 31 August 2016

210,641

At 31 August 2015

227,208

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 17,625

5.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.8.16

31.8.15

£

Repayable by instalments

1,470,000

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

20,000

Ordinary

£1

20,000

750

Non-Voting Ordinary

£1

750

100

B Ordinary

£1

100

-

100

C Ordinary

£1

100

-

20,950

20,750

The following shares were issued during the year for cash at par :

100 B Ordinary shares of £1

100 C Ordinary shares of £1

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the Balance Sheet date, the total amount due to the directors was £1,515,633 (2015: £1,478,906).

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £45,000 were paid to the directors .

During the year the company entered into transactions with A G Jones T/A - A F Jones and E T Sheppard, a

business owned by a director, Mr A Jones.

The amounts were as follows:

2016

2015

£

Goods and services sold (Labour and materials recharged)

13,243

80,500

Costs recharged from A F Jones and E T Sheppard

94,999

103,999

At the Balance Sheet date the amount outstanding was £618.00 due from A G Jones T/A - A F Jones and E T

Sheppard (Nil : 2015)

The amounts are included on the Balance Sheet with Debtors.

The above transactions were carried out on normal commercial terms.

9.	ULTIMATE CONTROLLING PARTY

Mr A G Jones controls the company by virtue of a controlling interest of 51% of the issued ordinary "A" share

capital.

2016

2015

Mr A G Jones

10,200

Ms M L Alsop

4,800

9,800

Mr K Jones

5,000

-