D.J. PROFILE & GRINDING CO. LIMITED - Abbreviated accounts 16.3

REGISTERED NUMBER: 03084542 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

D.J. PROFILE & GRINDING CO. LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms J Jackson

SECRETARY:

Ms J Jackson

REGISTERED OFFICE:

6 Hibbert Street

Whitehill Industrial Estate

Reddish

Stockport

Cheshire

SK4 1NS

REGISTERED NUMBER:

03084542 (England and Wales)

FIXED ASSETS

Tangible assets

2

47,111

50,364

CURRENT ASSETS

Stocks

25,571

16,381

Debtors

200,801

178,808

Cash at bank

127,858

136,964

354,230

332,153

CREDITORS

Amounts falling due within one year

148,981

151,115

NET CURRENT ASSETS

205,249

181,038

TOTAL ASSETS LESS CURRENT
LIABILITIES

252,360

231,402

PROVISIONS FOR LIABILITIES

10,600

9,062

NET ASSETS

241,760

222,340

CAPITAL AND RESERVES

Called up share capital

3

1,000

Share premium

69,710

Profit and loss account

171,050

151,630

SHAREHOLDERS' FUNDS

241,760

222,340

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 29 March 2017 and were signed by:

Ms J Jackson - 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 the total amount receivable by the company for goods supplied and services provided,

excluding value added tax and trade discounts.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

33% on cost and 20% on cost

Motor vehicles

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

273,868

Additions

14,613

At 31 August 2016

288,481

DEPRECIATION

At 1 September 2015

223,504

Charge for year

17,866

At 31 August 2016

241,370

NET BOOK VALUE

At 31 August 2016

47,111

At 31 August 2015

50,364

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

1,000

Ordinary

£1

1,000

4.	ULTIMATE PARENT COMPANY

The company's ultimate holding company is David Jackson (Engineering) Limited, a company incorporated in

England and Wales.