J C W (Loft Conversions) Limited - Accounts to registrar (filleted) - small 17.3
J C W (Loft Conversions) Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st December 2016 |
for |
J C W (Loft Conversions) Limited |
J C W (Loft Conversions) Limited (Registered number: 01601810) |
Contents of the Financial Statements |
for the Year Ended 31st December 2016 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
J C W (Loft Conversions) Limited |
Company Information |
for the Year Ended 31st December 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
9 Court Road |
Bridgend |
CF31 1BE |
J C W (Loft Conversions) Limited (Registered number: 01601810) |
Abridged Statement of Financial Position |
31st December 2016 |
31.12.16 | 31.12.15 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
NET 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. |
J C W (Loft Conversions) Limited (Registered number: 01601810) |
Abridged Statement of Financial Position - continued |
31st December 2016 |
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 C W (Loft Conversions) Limited (Registered number: 01601810) |
Notes to the Financial Statements |
for the Year Ended 31st December 2016 |
1. | STATUTORY INFORMATION |
J C W (Loft Conversions) Limited is a |
The company's registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
TURNOVER |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
TANGIBLE FIXED ASSETS |
STOCKS |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
bringing stocks to their present location and condition. |
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 statement of financial position date. |
DEFERRED TAX |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position 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. |
HIRE PURCHASE AND LEASING COMMITMENTS |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
J C W (Loft Conversions) Limited (Registered number: 01601810) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2016 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st January 2016 |
Additions |
At 31st December 2016 |
DEPRECIATION |
At 1st January 2016 |
Charge for year |
At 31st December 2016 |
NET BOOK VALUE |
At 31st December 2016 |
At 31st December 2015 |
5. | FIRST YEAR ADOPTION |
This is the first year that the company has presented its results under FRS102. The last financial statements under |
previous UK GAAP were for the year ended 31st December 2015. The date of transition was 1st January 2015. |
However there are no changes in accounting policy and therefore profit for the year ended 31st December 2015 |
and equity at 31st December 2015 are the same. Therefore no reconciliation is required. |