Jacobs Financial Limited - Limited company - abbreviated

REGISTERED NUMBER: 06766291 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2014

for

Jacobs Financial Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

P Jacobs

Mrs J E Jacobs

SECRETARY:

Mrs J E Jacobs

REGISTERED OFFICE:

Riverside Business Park

Leeds Road

Ilkley

West Yorkshire

LS29 8JZ

REGISTERED NUMBER:

06766291 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Tangible assets

2

8,904

11,720

CURRENT ASSETS

Debtors

279,676

277,792

Cash at bank

62,353

31,308

342,029

309,100

CREDITORS

Amounts falling due within one year

3

133,461

125,772

NET CURRENT ASSETS

208,568

183,328

TOTAL ASSETS LESS CURRENT
LIABILITIES

217,472

195,048

CREDITORS

Amounts falling due after more than one
year

3

80,244

120,409

NET ASSETS

137,228

74,639

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

137,227

74,638

SHAREHOLDERS' FUNDS

137,228

74,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 7 November 2014 and were signed on its behalf
by:

P Jacobs - 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 the amounts received or receivable for goods and services provided to customers,

excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date, where transactions or events that result in an obligation to pay more tax in the future, or a

right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences

between the Company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing

differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted

by the balance sheet date. Deferred tax is measured on a non-discounted basis.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

93,132

Additions

866

At 30 June 2014

93,998

DEPRECIATION

At 1 July 2013

81,412

Charge for year

3,682

At 30 June 2014

85,094

NET BOOK VALUE

At 30 June 2014

8,904

At 30 June 2013

11,720

3.

CREDITORS

Creditors include an amount of £ 119,786 (30.6.13 - £ 157,014 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

1

Ordinary

£1

1

5.	ULTIMATE PARENT COMPANY

Jacobs Financial Group Limited is regarded by the directors as being the company's ultimate parent company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Jacobs Financial Limited for the year ended 30 June 2014 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Jacobs Financial Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Jacobs Financial Limited and state those matters that we have agreed to state to the Board of Directors of Jacobs

Financial Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the

fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its

Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jacobs Financial Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jacobs

Financial Limited. You consider that Jacobs Financial Limited is exempt from the statutory audit requirement for the

year.

We have not been instructed to carry out an audit or a review of the financial statements of Jacobs Financial Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

7 November 2014

Jacobs Financial Limited - Limited company - abbreviated - 11.6

Jacobs Financial Limited - Limited company - abbreviated - 11.6