L & J Group Services Ltd - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 01318906 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 June 2016

for

L & J Group Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M F Jull

Mr R E Jull

REGISTERED OFFICE:

8a Mulberry Green

Old Harlow

Essex

CM17 0ET

REGISTERED NUMBER:

01318906 (England and Wales)

ACCOUNTANTS:

Giess Wallis Crisp LLP

10-12 Mulberry Green

Old Harlow

Essex

CM17 0ET

BANKERS:

HSBC

7B The Water Gardens

South Gate

Harlow

Essex

CM20 1AB

FIXED ASSETS

Tangible assets

4

191,960

161,853

Investments

5

20,615

20,615

212,575

182,468

CURRENT ASSETS

Stocks

6

73,425

65,908

Debtors: amounts falling due within one year

7

310,815

266,156

Cash at bank and in hand

23,817

38,304

408,057

370,368

CREDITORS

Amounts falling due within one year

8

273,941

196,724

NET CURRENT ASSETS

134,116

173,644

TOTAL ASSETS LESS CURRENT LIABILITIES

346,691

356,112

CREDITORS

Amounts falling due after more than one year

9

(87,280

)

(88,144

)

PROVISIONS FOR LIABILITIES

11

(1,392

)

(8,530

)

NET ASSETS

258,019

259,438

CAPITAL AND RESERVES

Called up share capital

12

78

78

Revaluation reserve

13

116,255

76,750

Capital redemption reserve

13

49

49

Other reserves

13

296

296

Retained earnings

13

141,341

182,265

SHAREHOLDERS' FUNDS

258,019

259,438

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 10 November 2016 and were signed on its behalf by:

Mr M F Jull - Director

Mr R E Jull - Director

1.	STATUTORY INFORMATION

L & J Group Services Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about L & J Group Services Ltd as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

Investments

Investments are included at cost. Profits and losses arising from disposals of fixed assets investments are

treated as part of the result from ordinary activities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 July 2015

200,000

5,121

3,636

208,757

Additions

-

-

407

407

Revaluations

(5,000

)

-

-

(5,000

)

At 30 June 2016

195,000

5,121

4,043

204,164

DEPRECIATION

At 1 July 2015

40,909

4,091

1,904

46,904

Charge for year

5,417

257

535

6,209

Revaluation adjustments

(40,909

)

-

-

(40,909

)

At 30 June 2016

5,417

4,348

2,439

12,204

NET BOOK VALUE

At 30 June 2016

189,583

773

1,604

191,960

At 30 June 2015

159,091

1,030

1,732

161,853

Cost or valuation at 30 June 2016 is represented by:

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

Valuation in 2004

93,308

-

-

93,308

Valuation in 2007

11,000

-

-

11,000

Valuation in 2016

(5,000

)

-

-

(5,000

)

Cost

95,692

5,121

4,043

104,856

195,000

5,121

4,043

204,164

If freehold land buildings had not been revalued they would have been included at the following historical cost:

2016

2015

£

£

Cost

95,692

95,692

Aggregate depreciation

28,706

26,792

Freehold land and buildings were valued on an open market basis on 30 June 2016 by GH Chartered Surveyors

.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2015

and 30 June 2016

20,615

NET BOOK VALUE

At 30 June 2016

20,615

At 30 June 2015

20,615

6.

STOCKS

2016

2015

£

£

Work-in-progress

73,425

65,908

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

129,987

99,971

Other debtors

180,828

166,185

310,815

266,156

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

116,357

32,292

Trade creditors

65,802

74,078

Taxation and social security

18,656

24,794

Other creditors

73,126

65,560

273,941

196,724

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

87,280

88,144

Amounts falling due in more than five years:

Repayable by instalments

Bank loans repayable after

more than five years

22,480

27,344

22,480

27,344

10.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank overdrafts

100,157

17,092

Bank loans

103,480

103,344

203,637

120,436

The bank overdraft is secured on a fixed charge on the property and a floating charge over the assets of the

company.

11.	PROVISIONS FOR LIABILITIES

2016

2015

£

£

Deferred tax

1,392

8,530

Deferred

tax

£

Balance at 1 July 2015

8,530

Credit to Income Statement during year

(40

)

Movement - revaluation reserve

(7,098

)

Balance at 30 June 2016

1,392

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

78

Ordinary

£1

78

78

13.

RESERVES

Capital

Retained

Revaluation

redemption

Other

earnings

reserve

reserve

reserves

Totals

£

£

£

£

£

At 1 July 2015

182,265

76,750

49

296

259,360

Profit for the year

10,033

10,033

Dividends

(54,460

)

(54,460

)

Property revaluation

-

35,909

-

-

35,909

Excess depreciation adjustment

3,503

(3,503

)

-

-

-

Deferred tax movement

-

7,099

-

-

7,099

At 30 June 2016

141,341

116,255

49

296

257,941

14.	ULTIMATE CONTROLLING PARTY

15.	EXEMPTION FROM THE PREPARATION OF GROUP ACCOUNTS

These accounts present the information of the entity as an individual undertaking and not about its group.

The group is exempt from the preparation of group accounts as it qualifies as small.