Jarvis & Womack Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00213898 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2017

for

Jarvis & Womack Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Chartered Accountants' Report

8

DIRECTORS:

R M Mitchell

A J Mitchell

S P Longden

SECRETARY:

R M Mitchell

REGISTERED OFFICE:

Unit 8

Brookfields Way

Manvers

Rotherham

S63 5DL

REGISTERED NUMBER:

00213898 (England and Wales)

ACCOUNTANTS:

Martin Milner & Co

Chartered Accountants

Riverdale

89 Graham Road

Sheffield

South Yorkshire

S10 3GP

BANKERS:

Barclays Bank PLC

Sheffield City Office

Pinstone Street

Sheffield

South Yorkshire

S1 2HN

FIXED ASSETS

Tangible assets

4

107,649

99,903

CURRENT ASSETS

Stocks

92,065

67,272

Debtors

5

914,407

784,638

Cash at bank and in hand

1,228,126

1,084,491

2,234,598

1,936,401

CREDITORS

Amounts falling due within one year

6

638,858

622,105

NET CURRENT ASSETS

1,595,740

1,314,296

TOTAL ASSETS LESS CURRENT LIABILITIES

1,703,389

1,414,199

PROVISIONS FOR LIABILITIES

14,700

12,700

NET ASSETS

1,688,689

1,401,499

CAPITAL AND RESERVES

Called up share capital

7

469

469

Capital redemption reserve

8

1,164

1,164

Retained earnings

8

1,687,056

1,399,866

SHAREHOLDERS' FUNDS

1,688,689

1,401,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 19 December 2017 and were signed on its behalf by:

R M Mitchell - Director

1.	STATUTORY INFORMATION

Jarvis & Womack Limited is a private company, limited by shares , registered in England and Wales.

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

These financial statements have been prepared in accordance with the provisions of Section 1A

"Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in

the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been

prepared under the historical cost convention.

Turnover

Turnover comprises revenue recognised by the company for the provision of roofing contract services

and the supply of materials, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, 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 material 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.

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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

245,726

Additions

31,573

Disposals

(21,710

)

At 31 March 2017

255,589

DEPRECIATION

At 1 April 2016

145,823

Charge for year

23,562

Eliminated on disposal

(21,445

)

At 31 March 2017

147,940

NET BOOK VALUE

At 31 March 2017

107,649

At 31 March 2016

99,903

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

841,248

734,603

Other debtors

50,112

38,588

Prepayments and accrued income

23,047

11,447

914,407

784,638

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

300,271

342,359

Taxation

72,000

31,500

Social security and other taxes

13,398

27,033

Other creditors

20,328

35,816

Accruals and deferred income

232,861

185,397

638,858

622,105

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

469

Ordinary

£1

469

469

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2016

1,399,866

1,164

1,401,030

Profit for the year

287,190

287,190

At 31 March 2017

1,687,056

1,164

1,688,220

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2017 and

31 March 2016:

2017

2016

£

£

A J Mitchell

Balance outstanding at start of year

-

-

Amounts advanced

633

439

Amounts repaid

-

(439

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

633

-

S P Longden

Balance outstanding at start of year

4,657

4,657

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,657

4,657

These loans have no fixed terms of repayment and no interest was charged.

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

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

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

approval the financial statements of Jarvis & Womack Limited for the year ended 31 March 2017 which

comprise the Profit and Loss Account, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Jarvis & Womack 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 Jarvis & Womack Limited and state those matters that we have agreed to state to the Board of Directors of Jarvis & Womack Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jarvis & Womack Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jarvis & Womack 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 Jarvis & Womack Limited. You consider that Jarvis & Womack 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 Jarvis & Womack 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.

Martin Milner & Co

Chartered Accountants

Riverdale

89 Graham Road

Sheffield

South Yorkshire

S10 3GP

22 December 2017