J & D 2012 Ltd - Accounts to registrar - small 17.2
J & D 2012 Ltd - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2017 |
| FOR |
| J & D 2012 LTD |
| J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 JANUARY 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| J & D 2012 LTD |
| COMPANY INFORMATION |
| for the Year Ended 31 JANUARY 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Prospero House |
| 46-48 Rothesay Road |
| Luton |
| Bedfordshire |
| LU1 1QZ |
| J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
| BALANCE SHEET |
| 31 JANUARY 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 JANUARY 2017 |
| 1. | STATUTORY INFORMATION |
| J & D 2012 Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Plant and machinery | - |
| Computer equipment | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks & work in progress |
| Stocks and work in progress is valued at the lower of cost and net realisable value on the basis of direct costs |
| plus attributable finance expenses. No element of profit is included in the valuation of work in progress |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Turnover |
| Turnover represents completed property sales, excluding value added tax. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 JANUARY 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 February 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 January 2017 |
| DEPRECIATION |
| At 1 February 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 January 2017 |
| NET BOOK VALUE |
| At 31 January 2017 |
| At 31 January 2016 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| Additions |
| At 31 January 2017 |
| NET BOOK VALUE |
| At 31 January 2017 |
| 6. | STOCKS |
| 2017 | 2016 |
| £ | £ |
| Stocks |
| Stocks include directly attributable finance costs of of £347,245 (2016: £346,042). |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| VAT |
| Prepayments and accrued income |
| J & D 2012 LTD (REGISTERED NUMBER: 07916339) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 JANUARY 2017 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| Other creditors |
| Director's current account | 255,890 | 344,116 |
| Accruals and deferred income |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank overdraft |
| Bank loans |
| The creditors are secured against the stock in the company by way of fixed and floating charges. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company was under the control of Mr D Gill and Mr J J Gill. Mr D Gill and Mr J J Gill are directors of the |
| company and together own 100% of the issued share capital of the company. |
| 11. | FIRST YEAR ADOPTION: FINANCIAL REPORTING STANDARD 102 (FRS102 SECTION 1A) |
| As stated in note 2, these are the company's first financial statements prepared in accordance with FRS 102 |
| Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The accounting |
| policies set out in note 2 have been applied in preparing the financial statements for the period ended 31 January |
| 2017 and for comparative information presented in these financial statements for the period ended . 31 January |
| 2016. The policies applied under the company's previous accounting framework are not materially different to |
| FRS102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and |
| therefore, have not impacted on equity or profit or loss. |