Jalna Construction Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04504827 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 November 2016

for

Jalna Construction Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G C Horner

R C Horner

SECRETARY:

G C Horner

REGISTERED OFFICE:

Mickleton Road

Riverside Park Industrial Estate

MIDDLESBROUGH

TS2 1RQ

REGISTERED NUMBER:

04504827 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Tangible assets

2

264,143

273,903

CURRENT ASSETS

Stocks

250

Debtors

167,876

233,161

Cash at bank and in hand

125,186

172,680

293,312

406,091

CREDITORS

Amounts falling due within one year

3

83,028

244,968

NET CURRENT ASSETS

210,284

161,123

TOTAL ASSETS LESS CURRENT
LIABILITIES

474,427

435,026

CREDITORS

Amounts falling due after more than one year

3

(89,729

)

(60,743

)

PROVISIONS FOR LIABILITIES

(50,187

)

(53,612

)

NET ASSETS

334,511

320,671

CAPITAL AND RESERVES

Called up share capital

4

10

Profit and loss account

334,501

320,661

SHAREHOLDERS' FUNDS

334,511

320,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30 August 2017 and were signed on its behalf by:

G C Horner - Director

R C Horner - 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

Grants receivable

Capital based grants are credited to the profit and loss account over the expected useful life of the asset. Revenue based

grants are credited to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

578,604

Additions

80,255

Disposals

(51,000

)

At 30 November 2016

607,859

DEPRECIATION

At 1 December 2015

304,701

Charge for year

68,765

Eliminated on disposal

(29,750

)

At 30 November 2016

343,716

NET BOOK VALUE

At 30 November 2016

264,143

At 30 November 2015

273,903

3.

CREDITORS

Creditors include an amount of £ 50,600 (2015 - £ 22,775 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10

Ordinary

£1

10

5.	ULTIMATE PARENT COMPANY

The ultimate parent undertaking is Jalna Services Ltd, a company registered in England and Wales.