L & J Group Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 01318906 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 June 2017

for

L & J Group Services Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M F Jull

Mr R E Jull

REGISTERED OFFICE:

8a Mulberry Green

Old Harlow

Essex

CM17 0ET

REGISTERED NUMBER:

01318906 (England and Wales)

ACCOUNTANTS:

Giess Wallis Crisp LLP

10-12 Mulberry Green

Old Harlow

Essex

CM17 0ET

BANKERS:

HSBC

7B The Water Gardens

South Gate

Harlow

Essex

CM20 1AB

FIXED ASSETS

Tangible assets

4

185,950

191,960

Investments

5

20,615

206,565

212,575

CURRENT ASSETS

Stocks

54,244

73,425

Debtors

265,734

310,815

Cash at bank and in hand

18,101

23,817

338,079

408,057

CREDITORS

Amounts falling due within one year

241,525

273,941

NET CURRENT ASSETS

96,554

134,116

TOTAL ASSETS LESS CURRENT
LIABILITIES

303,119

346,691

CREDITORS

Amounts falling due after more than one
year

6

(69,323

)

(87,280

)

PROVISIONS FOR LIABILITIES

(19,078

)

(1,392

)

NET ASSETS

214,718

258,019

CAPITAL AND RESERVES

Called up share capital

78

Revaluation reserve

8

94,966

116,255

Capital redemption reserve

49

Other reserves

296

Retained earnings

119,329

141,341

SHAREHOLDERS' FUNDS

214,718

258,019

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 30 June 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 22 December 2017 and were signed on its behalf
by:

Mr M F Jull - Director

Mr R E Jull - Director

1.	STATUTORY INFORMATION

L & J Group Services Ltd 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about L & J Group Services Ltd as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated 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

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Investments

Investments are included at cost. Profits and losses arising from disposals of fixed assets investments are

treated as part of the result from ordinary activities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2016 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 July 2016

and 30 June 2017

204,164

DEPRECIATION

At 1 July 2016

12,204

Charge for year

6,010

At 30 June 2017

18,214

NET BOOK VALUE

At 30 June 2017

185,950

At 30 June 2016

191,960

Cost or valuation at 30 June 2017 is represented by:

Totals

£

Valuation in 2004

93,308

Valuation in 2007

11,000

Valuation in 2016

(5,000

)

Cost

104,856

204,164

If freehold land buildings had not been revalued they would have been included at the following historical cost:

2017

2016

£

Cost

95,692

Aggregate depreciation

30,620

28,706

Freehold land and buildings were valued on an open market basis on 30 June 2016 by GH Chartered Surveyors

.

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 July 2016

and 30 June 2017

20,615

NET BOOK VALUE

At 30 June 2017

20,615

At 30 June 2016

20,615

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2017

2016

£

Repayable by instalments

Bank loans repayable after

more than five years

-

22,480

-

22,480

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

Bank overdrafts

21,051

100,157

Bank loans

88,123

103,480

109,174

203,637

The bank overdraft is secured on a fixed charge on the property and a floating charge over the assets of the

company.

8.

RESERVES

Revaluation

reserve

£

At 1 July 2016

116,255

Excess depreciation adjustment

(3,504

)

Deferred tax movement

(17,785

)

At 30 June 2017

94,966

9.	EXEMPTION FROM THE PREPARATION OF GROUP ACCOUNTS

These accounts present the information of the entity as an individual undertaking and not about its group.

The group is exempt from the preparation of group accounts as it qualifies as small.

L & J Group Services Ltd - Accounts to registrar (filleted) - small 17.3

L & J Group Services Ltd - Accounts to registrar (filleted) - small 17.3