J_DIGBY_PARTNERSHIP_LTD - Accounts

J. DIGBY PARTNERSHIP LIMITED - Company Information

Print Friendly Version

Company Registration No. 04404345 (England and Wales)

J DIGBY PARTNERSHIP LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

J DIGBY PARTNERSHIP LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

J DIGBY PARTNERSHIP LTD

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

964

1,286

Current assets

Debtors

8,648

4,558

Cash at bank and in hand

1,419

13,402

10,067

17,960

Creditors: amounts falling due within one year

(10,930)

(19,037)

Net current liabilities

(863)

(1,077)

Total assets less current liabilities

101

209

Capital and reserves

Called up share capital

100

Profit and loss account

109

Shareholders' funds

101

209

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 January 2017

Mr John Digby

Director

Company Registration No. 04404345

J DIGBY PARTNERSHIP LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

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 January 2015).

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).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Over the term of the lease

Plant and machinery

25% on written down value

Fixed assets

Tangible assets

Cost

At 1 May 2015 & at 30 April 2016

4,138

Depreciation

At 1 May 2015

2,853

Charge for the year

321

At 30 April 2016

3,174

Net book value

At 30 April 2016

964

At 30 April 2015

1,286

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100

J DIGBY PARTNERSHIP LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Related party relationships and transactions

The following Directors received Interest free loans during the year, as follows :-

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr John Digby - Loan to J Digby

1,499

670

829

Mrs Alison Digby - Loan to A Digby

1,499

670

829

2,998

1,340

1,658

The maximum amounts outstanding during the year in respect of each of the above were the brought forward balances in the sum of £1,499.