JDR Products Limited - Limited company - abbreviated

REGISTERED NUMBER: 01481617 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

JDR PRODUCTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D K Wharrad

REGISTERED OFFICE:

Moreton House

Whitacre Road

Nuneaton

Warwickshire

CV11 6BW

REGISTERED NUMBER:

01481617 (England and Wales)

ACCOUNTANTS:

Burman & Co

Brunswick House

Birmingham Road

Redditch

Worcestershire

B97 6DY

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

1,535,813

462,500

1,535,813

462,500

CURRENT ASSETS

Stocks

252,000

174,000

Debtors

467,054

302,668

Cash at bank and in hand

337,154

848,226

1,056,208

1,324,894

CREDITORS

Amounts falling due within one year

4

438,121

395,595

NET CURRENT ASSETS

618,087

929,299

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,153,900

1,391,799

CREDITORS

Amounts falling due after more than one
year

4

(588,440

)

-

PROVISIONS FOR LIABILITIES

(39,270

)

(13,842

)

NET ASSETS

1,526,190

1,377,957

CAPITAL AND RESERVES

Called up share capital

5

17,700

Revaluation reserve

271,421

Profit & loss account

1,237,069

1,088,836

SHAREHOLDERS' FUNDS

1,526,190

1,377,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 9 December 2014 and were signed by:

D K Wharrad - Director

1.	ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for freehold

property which is stated as valuation, and in accordance with the Financial Reporting Standard for

Smaller Entities (effective January 2007).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Freehold property

-

2% on cost and not provided

Plant & machinery

-

20% on reducing balance

Fixtures, fittings & office equipment

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

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

the balance sheet date.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

25,000

AMORTISATION

At 1 April 2013

and 31 March 2014

25,000

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

545,151

Additions

1,126,630

Disposals

(12,000

)

At 31 March 2014

1,659,781

DEPRECIATION

At 1 April 2013

82,651

Charge for year

50,171

Eliminated on disposal

(8,854

)

At 31 March 2014

123,968

NET BOOK VALUE

At 31 March 2014

1,535,813

At 31 March 2013

462,500

4.

CREDITORS

Creditors include an amount of £ 612,450 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

17,700

Ordinary Shares

£1

17,700

JDR Products Limited - Limited company - abbreviated - 11.6

JDR Products Limited - Limited company - abbreviated - 11.6