JPG_BUILDING_&_GROUNDWORK - Accounts

JPG BUILDING & GROUNDWORKS LTD - Company Information

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Company Registration No. 07583843 (England and Wales)

JPG BUILDING & GROUNDWORKS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

JPG BUILDING & GROUNDWORKS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

JPG BUILDING & GROUNDWORKS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

8,800

9,200

Tangible assets

180,144

125,738

188,944

134,938

Current assets

Stocks

19,652

14,942

Debtors

66,144

72,444

Cash at bank and in hand

82,294

89,031

168,090

176,417

Creditors: amounts falling due within one year

(201,911)

(187,825)

Net current liabilities

(33,821)

(11,408)

Total assets less current liabilities

155,123

123,530

Provisions for liabilities

(31,012)

124,111

123,530

Capital and reserves

Called up share capital

Profit and loss account

124,110

123,529

Shareholders' funds

124,111

123,530

JPG BUILDING & GROUNDWORKS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 November 2014

Mr James Gammons

Director

Company Registration No. 07583843

JPG BUILDING & GROUNDWORKS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% on reducing balance

Motor vehicles

25% on reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2013

10,000

182,139

192,139

Additions

155,300

Disposals

(99,148)

At 31 March 2014

10,000

238,291

248,291

Depreciation

At 1 April 2013

800

56,401

57,201

On disposals

(33,382)

Charge for the year

400

35,128

35,528

At 31 March 2014

1,200

58,147

59,347

Net book value

At 31 March 2014

8,800

180,144

188,944

At 31 March 2013

9,200

125,738

134,938

JPG BUILDING & GROUNDWORKS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary Shares of £1 each