J Harris & Sons (Builders) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06974636 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

J HARRIS & SONS (BUILDERS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J Harris

REGISTERED OFFICE:

2 Braemar Drive

Gedling

Nottingham

NG4 2RB

REGISTERED NUMBER:

06974636 (England and Wales)

ACCOUNTANTS:

seven7seven

10 Kingswell Avenue

Arnold

Nottingham

NG5 6SY

FIXED ASSETS

Tangible assets

2

14,808

19,621

CURRENT ASSETS

Stocks

180

150

Debtors

4,652

313

Cash at bank

21,144

26,101

25,976

26,564

CREDITORS

Amounts falling due within one year

29,687

21,361

NET CURRENT (LIABILITIES)/ASSETS

(3,711

)

5,203

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,097

24,824

CREDITORS

Amounts falling due after more than one
year

(7,188

)

(10,938

)

PROVISIONS FOR LIABILITIES

(2,962

)

(3,924

)

NET ASSETS

947

9,962

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

847

9,862

SHAREHOLDERS' FUNDS

947

9,962

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 director acknowledges his 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 director on 21 January 2017 and were signed by:

J Harris - 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).

Turnover

Turnover represents net invoiced sales of goods and services excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Tools and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

22,868

Additions

91

At 30 April 2016

22,959

DEPRECIATION

At 1 May 2015

3,247

Charge for year

4,904

At 30 April 2016

8,151

NET BOOK VALUE

At 30 April 2016

14,808

At 30 April 2015

19,621

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1.00

100