J B Davern & Co Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05425683 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2016

FOR

J B DAVERN & CO LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

F G J Davern

S Hussain

SECRETARY:

F G J Davern

REGISTERED OFFICE:

149 / 151 Sparrows Herne

Bushey Heath

Watford

Hertfordshire

WD23 1AQ

REGISTERED NUMBER:

05425683 (England and Wales)

ACCOUNTANTS:

Daverns

149/151 Sparrows Herne

Bushey Heath

Hertfordshire

WD23 1AQ

FIXED ASSETS

Intangible assets

2

42,749

99,749

Tangible assets

3

11,531

5,219

54,280

104,968

CURRENT ASSETS

Debtors

302,256

261,764

Cash at bank and in hand

9,023

405

311,279

262,169

CREDITORS

Amounts falling due within one year

4

273,207

281,391

NET CURRENT ASSETS/(LIABILITIES)

38,072

(19,222

)

TOTAL ASSETS LESS CURRENT LIABILITIES

92,352

85,746

CAPITAL AND RESERVES

Called up share capital

5

1,000

Profit and loss account

91,352

84,746

SHAREHOLDERS' FUNDS

92,352

85,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 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 Board of Directors on 25 January 2017 and were signed on its behalf by:

F G J Davern - Director

S Hussain - 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, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

605,000

AMORTISATION

At 1 February 2015

505,251

Amortisation for year

57,000

At 31 January 2016

562,251

NET BOOK VALUE

At 31 January 2016

42,749

At 31 January 2015

99,749

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

11,023

Additions

10,155

At 31 January 2016

21,178

DEPRECIATION

At 1 February 2015

5,804

Charge for year

3,843

At 31 January 2016

9,647

NET BOOK VALUE

At 31 January 2016

11,531

At 31 January 2015

5,219

4.

CREDITORS

Creditors include an amount of £ 3,807 (2015 - £ 937 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary shares

£1

1,000