Jones Knowles Warburton Limited - Period Ending 2014-05-31

Registration number: 05114439

Jones Knowles Warburton Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2014
 

Jones Knowles Warburton Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Jones Knowles Warburton Limited
(Registration number: 05114439)
Abbreviated Balance Sheet at 31 May 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					205,000			225,500
Tangible fixed assets					1,081			1,682
					206,081			227,182
Current assets
Debtors					48,343			58,813
Cash at bank and in hand					-			149
					48,343			58,962
Creditors: Amounts falling due within one year					(174,092)			(165,041)
Net current liabilities					(125,749)			(106,079)
Total assets less current liabilities					80,332			121,103
Creditors: Amounts falling due after more than one year					(27,393)			(32,742)
Net assets					52,939			88,361
Capital and reserves
Called up share capital		4			50			50
Capital redemption reserve					50			50
Profit and loss account					52,839			88,261
Shareholders' funds					52,939			88,361

For the year ending 31 May 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 .

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Jones Knowles Warburton Limited
(Registration number: 05114439)
Abbreviated Balance Sheet at 31 May 2014
......... continued

Approved by the director on 17 November 2014

.........................................
Mr N R Warburton
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Jones Knowles Warburton Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 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 is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the ampount paid in connection with the acquisition of a business in 2004, is being amortised evenly over it's estimated useful life of twenty years.

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 as follows:

Depreciation

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

Asset class	Depreciation method and rate
Fixtures and fittings	20% straight line
Computer equipment	33.3% straight line

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.

Page 3

Jones Knowles Warburton Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 June 2013		410,000			51,864			461,864
Additions		-			284			284
At 31 May 2014		410,000			52,148			462,148
Depreciation
At 1 June 2013		184,500			50,182			234,682
Charge for the year		20,500			885			21,385
At 31 May 2014		205,000			51,067			256,067
Net book value
At 31 May 2014		205,000			1,081			206,081
At 31 May 2013		225,500			1,682			227,182

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2014 £			2013 £
After more than five years by instalments		8,456			16,266

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary B of £1 each		50			50			50			50

Page 4