Joseph James (Weymouth) Limited Small abridged accounts
Joseph James (Weymouth) Limited Small abridged accounts
Statement of Consent to Prepare Abridged Financial Statements |
COMPANY REGISTRATION NUMBER:
09625337
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Abridged Financial Statements |
Year ended 31 March 2017
Contents |
Page |
Chartered accountants report to the board of directors on the preparation of the unaudited statutory abridged financial statements |
1 |
Abridged statement of financial position |
2 |
Statement of changes in equity |
4 |
Notes to the abridged financial statements |
5 |
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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Year ended 31 March 2017
Midway House
Staverton Technology Park
Herrick Way, Staverton
Cheltenham, Glos.
GL51 6TQ
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Abridged Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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-------- |
-------- |
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Current assets
Stocks |
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Debtors |
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Cash at bank and in hand |
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-------- |
-------- |
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Creditors: amounts falling due within one year |
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-------- |
-------- |
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Net current liabilities |
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-------- |
-------- |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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– |
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---- |
---- |
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Net assets |
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---- |
---- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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---- |
---- |
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Members funds |
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---- |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
28 July 2017
, and are signed on behalf of the board by:
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Director |
Company registration number:
09625337
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Statement of Changes in Equity |
Year ended 31 March 2017
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 5 June 2015 |
– |
– |
– |
Profit for the year |
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---- |
-------- |
-------- |
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Total comprehensive income for the year |
– |
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Issue of shares |
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– |
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Dividends paid and payable |
– |
(
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(
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-------- |
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Total investments by and distributions to owners |
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(
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(
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At 31 March 2016 |
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Profit for the year |
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---- |
-------- |
-------- |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
– |
(
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(
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---- |
------- |
------- |
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Total investments by and distributions to owners |
– |
(
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(
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---- |
------- |
------- |
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At 31 March 2017 |
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---- |
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Notes to the Abridged Financial Statements |
Year ended 31 March 2017
1.
General information
The company is a private company limited by shares, registered in Egland & Wales. The address of the registered office is Midway House, Herrick Way, Staverton Technology Park, Staverton, Cheltenham, GL51 6TQ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 5 June 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & fittings |
- |
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Impairment of fixed assets
Stocks
Provisions
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2016:
2
).
5.
Intangible assets
£ |
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Cost |
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At 1 April 2016 and 31 March 2017 |
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-------- |
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Amortisation |
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At 1 April 2016 |
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Charge for the year |
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-------- |
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At 31 March 2017 |
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-------- |
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Carrying amount |
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At 31 March 2017 |
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-------- |
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At 31 March 2016 |
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6.
Tangible assets
£ |
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Cost |
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At 1 April 2016 and 31 March 2017 |
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Depreciation |
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At 1 April 2016 |
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Charge for the year |
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------- |
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At 31 March 2017 |
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------- |
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Carrying amount |
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At 31 March 2017 |
1,938 |
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At 31 March 2016 |
2,588 |
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7.
Directors' advances, credits and guarantees
8.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 5 June 2015.
No transitional adjustments were required in equity or profit or loss for the period.