| J B Drylining Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of J B Drylining Limited for the year ended 31 March 2014 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of J B Drylining Limited for the year ended 31 March 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of J B Drylining Limited, as a body, in accordance with the terms of our engagement letter dated 4 December 2007. Our work has been undertaken solely to prepare for your approval the accounts of J B Drylining Limited and state those matters that we have agreed to state to the Board of Directors of J B Drylining Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J B Drylining Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that J B Drylining Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J B Drylining Limited. You consider that J B Drylining Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of J B Drylining Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| Jenkins & Co |
| Chartered accountant |
| 86 Mildred avenue |
| Watford |
| Herts |
| WD18 7DX |
|
| 30 October 2014 |
|
| J B Drylining Limited |
| Registered number: |
05736861 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
10,668 |
|
|
14,668 |
| Tangible assets |
3 |
|
|
1 |
|
|
- |
|
|
|
|
10,669 |
|
|
14,668 |
|
| Current assets |
| Debtors |
|
|
74,269 |
|
|
54,109 |
| Cash at bank and in hand |
|
|
4,886 |
|
|
- |
|
|
|
79,155 |
|
|
54,109 |
|
| Creditors: amounts falling due within one year |
|
|
(46,817) |
|
|
(50,791) |
|
| Net current assets |
|
|
|
32,338 |
|
|
3,318 |
|
| Net assets |
|
|
|
43,007 |
|
|
17,986 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
42,907 |
|
|
17,886 |
|
| Shareholders' funds |
|
|
|
43,007 |
|
|
17,986 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| J Curran |
| Director |
| Approved by the board on 30 October 2014 |
|
| J B Drylining Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
40,000 |
|
At 31 March 2014 |
40,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2013 |
25,332 |
|
Provided during the year |
4,000 |
|
At 31 March 2014 |
29,332 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
10,668 |
|
At 31 March 2013 |
14,668 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
347 |
|
At 31 March 2014 |
347 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2013 |
346 |
|
At 31 March 2014 |
346 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
1 |
|
At 31 March 2013 |
1 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
25 |
|
25 |
|
25 |
|
B Ordinary shares |
£1 each |
|
75 |
|
75 |
|
75 |
|
|
|
|
|
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
J J Curran |
|
Director's current account |
(25,629) |
|
57,214 |
|
(37,216) |
|
(5,631) |
|
|
|
(25,629) |
|
57,214 |
|
(37,216) |
|
(5,631) |
|
|
|
|
|
|
|
|
|
|
All amounts are repayable on demand. Amounts owing to the directors are interest free - amounts owing to the company bear interest at the official rate. |
