Jones & Co of York Limited - Period Ending 2014-09-30

Registration number: 05185456

Jones & Co of York Limited
 
  Unaudited Abbreviated Accounts
 
  for the Year Ended 30 September 2014
 

Jones & Co of York Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Jones & Co of York Limited
(Registration number: 05185456)
Abbreviated Balance Sheet at 30 September 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					112,500			123,750
Tangible fixed assets					16,384			22,367
					128,884			146,117
Current assets
Debtors					123,186			104,102
Cash at bank and in hand					27,357			24,139
					150,543			128,241
Creditors: Amounts falling due within one year					(63,992)			(56,549)
Net current assets					86,551			71,692
Total assets less current liabilities					215,435			217,809
Creditors: Amounts falling due after more than one year					(130,000)			(150,000)
Net assets					85,435			67,809
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					84,435			66,809
Shareholders' funds					85,435			67,809

For the year ending 30 September 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 director acknowledges his 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 director on 28 October 2014

.........................................
Mr Nigel Jones
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Jones & Co of York Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the provision of accountancy services to clients. Services provided to clients, which at the balance sheet have not been billed to clients, are recognised as revenue. Revenue recognised in this manner is based on an assessment on the fair value of the services provided at the balance sheet as a proportion of the final invoice.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life on a straight line basis as follows:

Asset class	Amortisation rate
Goodwill	5%

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life on a straight line basis as follows:

Asset class	Depreciation rate
Computer equipment	33%
Office equipment	25%
Motor vehicles	20%

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Jones & Co of York Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 October 2013		225,000			70,854			295,854
Disposals		-			(25,612)			(25,612)
At 30 September 2014		225,000			45,242			270,242
Depreciation
At 1 October 2013		101,250			48,487			149,737
Charge for the year		11,250			5,983			17,233
Eliminated on disposals		-			(25,612)			(25,612)
At 30 September 2014		112,500			28,858			141,358
Net book value
At 30 September 2014		112,500			16,384			128,884
At 30 September 2013		123,750			22,367			146,117

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

Page 3