Abbreviated Company Accounts - JEFFERSON HOBBS LTD

Abbreviated Company Accounts - JEFFERSON HOBBS LTD

JEFFERSON HOBBS LTD - Company Information

Print Friendly Version

Registered Number 04387615

JEFFERSON HOBBS LTD

Abbreviated Accounts

29 November 2015

JEFFERSON HOBBS LTD Registered Number 04387615

Abbreviated Balance Sheet as at 29 November 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 15,713 19,629
15,713 19,629
Current assets
Debtors 270,565 273,111
Cash at bank and in hand 51 22
270,616 273,133
Creditors: amounts falling due within one year (83,995) (739,686)
Net current assets (liabilities) 186,621 (466,553)
Total assets less current liabilities 202,334 (446,924)
Total net assets (liabilities) 202,334 (446,924)
Capital and reserves
Called up share capital 3 21 20
Share premium account 664,360 0
Profit and loss account (462,047) (446,944)
Shareholders' funds 202,334 (446,924)
  • For the year ending 29 November 2015 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 21 November 2016

And signed on their behalf by:
I Logie Campbell, Director

JEFFERSON HOBBS LTD Registered Number 04387615

Notes to the Abbreviated Accounts for the period ended 29 November 2015

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 January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 10%/25% reducing balance
Motor vehicles 10% reducing balance

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets
£
Cost
At 1 December 2014 76,091
Additions -
Disposals -
Revaluations -
Transfers -
At 29 November 2015 76,091
Depreciation
At 1 December 2014 56,462
Charge for the year 3,916
On disposals -
At 29 November 2015 60,378
Net book values
At 29 November 2015 15,713
At 30 November 2014 19,629
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
21 Ordinary shares of £1 each (20 shares for 2014) 21 20

During the year the company issued 1 new ordinary share at £1 each. The company received consideration in the sum of £664,361.

4Transactions with directors

Name of director receiving advance or credit: R A McGaw
Description of the transaction: Directors Loan Account
Balance at 1 December 2014: £ 141,145
Advances or credits made: -
Advances or credits repaid: -
Balance at 29 November 2015: £ 141,145
Name of director receiving advance or credit: I Logie Campbell
Description of the transaction: Directors Loan Account
Balance at 1 December 2014: £ 109,812
Advances or credits made: -
Advances or credits repaid: -
Balance at 29 November 2015: £ 109,812