Michael D Jones Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08023087 (England and Wales)

Financial Statements for the Year Ended 30th April 2017

for

Michael D Jones Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M D Jones

Mrs U E Jones

REGISTERED OFFICE:

'the Subbage'

Tedstone Wafre

Bromyard

Herefordshire

HR7 4PZ

REGISTERED NUMBER:

08023087 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Tangible assets

4

13,953

17,249

CURRENT ASSETS

Debtors

39,417

43,786

Cash at bank

1,982

-

41,399

43,786

CREDITORS

Amounts falling due within one year

31,868

42,637

NET CURRENT ASSETS

9,531

1,149

TOTAL ASSETS LESS CURRENT LIABILITIES

23,484

18,398

CREDITORS

Amounts falling due after more than one year

21,903

18,245

NET ASSETS

1,581

153

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,579

151

SHAREHOLDERS' FUNDS

1,581

153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 15th January 2018 and were signed on its behalf by:

M D Jones - Director

1.	STATUTORY INFORMATION

Michael D Jones 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 represents net invoiced sales of services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2016

21,767

Additions

193

At 30th April 2017

21,960

DEPRECIATION

At 1st May 2016

4,518

Charge for year

3,489

At 30th April 2017

8,007

NET BOOK VALUE

At 30th April 2017

13,953

At 30th April 2016

17,249

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1st May 2016

17,749

Reclassification/transfer

2,000

At 30th April 2017

19,749

DEPRECIATION

At 1st May 2016

3,550

Charge for year

3,240

At 30th April 2017

6,790

NET BOOK VALUE

At 30th April 2017

12,959

At 30th April 2016

14,199

5.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdraft

-

9,885

These are secured with a personal guarantee from the directors on their private property.