Just Houses Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03644390 (England and Wales)

JUST HOUSES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J B Howe

J J Atkinson

J W Blake

G Howe

SECRETARY:

J B Howe

REGISTERED OFFICE:

Co-operative Chambers

4 Manor House Street

Pudsey

Leeds

West Yorkshire

LS28 7BJ

REGISTERED NUMBER:

03644390 (England and Wales)

ACCOUNTANTS:

BPR Heaton

Chartered Accountants

27a Lidget Hill

Pudsey

Leeds

West Yorkshire

LS28 7LG

BANKERS:

National Westminster Bank Plc

7 Hustlergate

Bradford

West Yorkshire

BD1 1PP

FIXED ASSETS

Intangible assets

2

319,400

479,100

Tangible assets

3

6,997

8,748

326,397

487,848

CURRENT ASSETS

Debtors

134,727

122,072

Cash at bank and in hand

81,756

31,611

216,483

153,683

CREDITORS

Amounts falling due within one year

321,661

595,703

NET CURRENT LIABILITIES

(105,178

)

(442,020

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

221,219

45,828

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

221,119

45,728

SHAREHOLDERS' FUNDS

221,219

45,828

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

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

J B Howe - Director

J J Atkinson - Director

J W Blake - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Revenue represents the fair value of consideration receivable in respect of professional services

provided during the year where the right to consideration has been obtained through performance.

Invoices raised but unpaid at the balance sheet date are shown in 'Trade debtors'. Provision has been

made for amounts considered to be irrecoverable.

Work on hand at the balance sheet date is included in 'Accrued income' at selling price, being the

value of the right to consideration in respect of that work based on its stage of completion.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

798,500

AMORTISATION

At 1 May 2015

319,400

Amortisation for year

159,700

At 30 April 2016

479,100

NET BOOK VALUE

At 30 April 2016

319,400

At 30 April 2015

479,100

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

15,326

Additions

77

At 30 April 2016

15,403

DEPRECIATION

At 1 May 2015

6,578

Charge for year

1,828

At 30 April 2016

8,406

NET BOOK VALUE

At 30 April 2016

6,997

At 30 April 2015

8,748

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100