J. Shepperson Limited - Abbreviated accounts 16.3
J. Shepperson Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
FOR |
J. SHEPPERSON LIMITED |
J. SHEPPERSON LIMITED (REGISTERED NUMBER: 03264984) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 | to | 4 |
Chartered Accountants' Report | 5 |
J. SHEPPERSON LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2016 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
J. SHEPPERSON LIMITED (REGISTERED NUMBER: 03264984) |
ABBREVIATED BALANCE SHEET |
31 MARCH 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors | 3 |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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 financial statements were approved by the director on |
J. SHEPPERSON LIMITED (REGISTERED NUMBER: 03264984) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements are prepared under the historical cost convention modified to include the revaluation of |
freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities |
(effective January 2015). |
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
Basis of accounts |
The company operates as share farmers with an individual and accounts are made up to 31 December each year. |
These financial statements include the results of the share farming agreement for the year ended 31 December |
2015. In view of the nature of farming, it is considered that no significant alteration to the results of the company |
would occur by including the results for the period from 1 January 2016 to 31 March 2016. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Tangible fixed assets other than land are stated at cost or valuation less depreciation. Depreciation is provided at |
rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected |
useful life as follows: |
Freehold buildings - 2% on cost |
Land is stated at cost or market value at the date of acquisition and is not depreciated. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 April 2015 |
and 31 March 2016 |
DEPRECIATION |
At 1 April 2015 |
Charge for year |
At 31 March 2016 |
NET BOOK VALUE |
At 31 March 2016 |
At 31 March 2015 |
3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
The aggregate total of debtors falling due after more than one year is £ |
J. SHEPPERSON LIMITED (REGISTERED NUMBER: 03264984) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1 |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
J. SHEPPERSON LIMITED |
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of J. Shepperson Limited for the year ended 31 March 2016 which comprise the Profit and Loss |
Account, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of J. Shepperson Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J. Shepperson Limited and state those matters that we have agreed to state to the director of J. Shepperson Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. Shepperson Limited director for our work or for this report. |
It is your duty to ensure that J. Shepperson Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J. Shepperson Limited. You consider that J. Shepperson 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 financial statements of J. Shepperson 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 statutory financial statements. |
Chartered Accountants |
10 May 2017 |