Abbreviated Company Accounts - J P SOUTHERN LIMITED

Abbreviated Company Accounts - J P SOUTHERN LIMITED

J P SOUTHERN LIMITED - Company Information

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Registered Number 07484347

J P SOUTHERN LIMITED

Abbreviated Accounts

31 January 2014

J P SOUTHERN LIMITED Registered Number 07484347

Abbreviated Balance Sheet as at 31 January 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 1,311 -
1,311 -
Current assets
Stocks 54,167 15,000
Debtors 9,407 2,080
Cash at bank and in hand 24,650 23,091
88,224 40,171
Creditors: amounts falling due within one year (11,676) (8,492)
Net current assets (liabilities) 76,548 31,679
Total assets less current liabilities 77,859 31,679
Creditors: amounts falling due after more than one year (45,000) (14,482)
Total net assets (liabilities) 32,859 17,197
Capital and reserves
Called up share capital 100 100
Profit and loss account 32,759 17,097
Shareholders' funds 32,859 17,197
  • For the year ending 31 January 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 7 April 2014

And signed on their behalf by:
J. LAW, Director

J P SOUTHERN LIMITED Registered Number 07484347

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

1Accounting Policies

Basis of measurement and preparation of accounts
Basis Of Accounting
===============
The Accounts have been prepared under the Historical Cost Convention in accordance with applicable accounting standards and the Financial Reporting Standards For Smaller Entities (Effective April 2008).

The company has taken advantage of the exemptions in the Financial Reporting Standard Number 1 from the requirement to produce a Cash Flow Statement on the grounds that it is a small company.

Turnover policy
Turnover represents all sales net of VAT.

Tangible assets depreciation policy
All fixed assets are written off on a reducing balance basis as follows:-

Computer Equipment 20%

Other accounting policies
Stock
====
Stock is stated at the lower of cost and net realisable value.

2Tangible fixed assets
£
Cost
At 1 February 2013 -
Additions 1,639
Disposals -
Revaluations -
Transfers -
At 31 January 2014 1,639
Depreciation
At 1 February 2013 -
Charge for the year 328
On disposals -
At 31 January 2014 328
Net book values
At 31 January 2014 1,311
At 31 January 2013 -