J.T. Hewitt & Son Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03605495 (England and Wales)

J.T. Hewitt & Son Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J T Hewitt

Mr C P Hewitt

SECRETARY:

Mr J T Hewitt

REGISTERED OFFICE:

102 Wepre Lane

Connah's Quay

Deeside

Flintshire

CH5 4JU

REGISTERED NUMBER:

03605495 (England and Wales)

ACCOUNTANTS:

Henry R. Davis & Co. Limited

Chartered Accountants

33 Chester Road West

Queensferry

Deeside

Flintshire

CH5 1SA

FIXED ASSETS

Intangible assets

2

13,490

16,330

Tangible assets

3

196,406

137,637

209,896

153,967

CURRENT ASSETS

Stocks

810

1,077

Debtors

64,069

61,990

Cash at bank and in hand

70,837

184,663

135,716

247,730

CREDITORS

Amounts falling due within one year

57,729

73,293

NET CURRENT ASSETS

77,987

174,437

TOTAL ASSETS LESS CURRENT LIABILITIES

287,883

328,404

PROVISIONS FOR LIABILITIES

5,022

10,632

NET ASSETS

282,861

317,772

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

282,761

317,672

SHAREHOLDERS' FUNDS

282,861

317,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 25 November 2014 and were signed on its behalf by:

Mr J T Hewitt - 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 April 2008).

Turnover

Turnover represents sales and amounts recoverable on contracts provided in the normal course of business,

net of discounts and 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Goodwill

Goodwill, being the amount transferred in connection with the acquisition of the business on 1st January 1999,

is being written off evenly over its estimated useful life of 20 years.

Amounts recoverable on contract

Amounts recoverable on contract are recorded at their recoverable amount on a percentage basis, less any

payments on account, where there is reasonable certainty of the outcome.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

56,800

AMORTISATION

At 1 April 2013

40,470

Amortisation for year

2,840

At 31 March 2014

43,310

NET BOOK VALUE

At 31 March 2014

13,490

At 31 March 2013

16,330

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

213,181

Additions

90,135

Disposals

(44,000

)

At 31 March 2014

259,316

DEPRECIATION

At 1 April 2013

75,544

Charge for year

8,397

Eliminated on disposal

(21,031

)

At 31 March 2014

62,910

NET BOOK VALUE

At 31 March 2014

196,406

At 31 March 2013

137,637

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

5.	ULTIMATE CONTROLLING PARTY