Abbreviated Company Accounts - J & BS LTD

06111489 J & BS LTD 2014-03-31 false 2013-04-01 2014-03-31 true 06111489 2013-04-01 2014-03-31 06111489 2014-03-31 06111489 2013-03-31 06111489 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 06111489 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:Director3 2013-03-31 iso4217:GBP shares

Registered Number 06111489

J & BS LTD

Abbreviated Accounts

31 March 2014

J & BS LTD Registered Number 06111489

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	112,684	82,681
Investments	3	1,800	-
		114,484	82,681
Current assets
Stocks		672,182	527,263
Debtors		891,996	679,974
Cash at bank and in hand		282,103	279,352
		1,846,281	1,486,589
Creditors: amounts falling due within one year		(740,339)	(436,036)
Net current assets (liabilities)		1,105,942	1,050,553
Total assets less current liabilities		1,220,426	1,133,234
Total net assets (liabilities)		1,220,426	1,133,234
Capital and reserves
Called up share capital		99	99
Other reserves		(49,950)	-
Profit and loss account		1,270,277	1,133,135
Shareholders' funds		1,220,426	1,133,234

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 October 2014

And signed on their behalf by:
M W DAMPIER-BENNETT, Director
G C BELL, Director

J & BS LTD Registered Number 06111489

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer Equipment - 33.3% straight line

2Tangible fixed assets

	£
Cost
At 1 April 2013	181,775
Additions	69,530
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	251,305
Depreciation
At 1 April 2013	99,094
Charge for the year	39,527
On disposals	-
At 31 March 2014	138,621
Net book values
At 31 March 2014	112,684
At 31 March 2013	82,681

3Fixed assets Investments
Investment at cost £1800 in unquoted company

4Transactions with directors

Name of director receiving advance or credit:	M W DAMPIER-BENNETT
Description of the transaction:	Directors Loan
Balance at 1 April 2013:	£ 0
Advances or credits made:	£ 21,000
Advances or credits repaid:	-
Balance at 31 March 2014:	£ 21,000

Short term loan repaid 30th June 2014