John Southworth Builders Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02431382 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

JOHN SOUTHWORTH BUILDERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

P Brown

S Brown

SECRETARY:

Mrs P Brown

REGISTERED OFFICE:

10 Charles Street

Dukinfield

Cheshire

SK16 4SD

REGISTERED NUMBER:

02431382 (England and Wales)

ACCOUNTANTS:

Hanley & Co

Chartered Accountants

18 Church Street

Ashton under Lyne

OL6 6XE

FIXED ASSETS

Tangible assets

2

63,887

49,345

CURRENT ASSETS

Stocks

178,545

173,650

Debtors

466,343

315,183

Cash at bank and in hand

732,575

506,919

1,377,463

995,752

CREDITORS

Amounts falling due within one year

873,727

376,691

NET CURRENT ASSETS

503,736

619,061

TOTAL ASSETS LESS CURRENT LIABILITIES

567,623

668,406

PROVISIONS FOR LIABILITIES

11,210

7,453

NET ASSETS

556,413

660,953

CAPITAL AND RESERVES

Called up share capital

3

80

80

Profit and loss account

556,333

660,873

SHAREHOLDERS' FUNDS

556,413

660,953

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 18 December 2014 and were signed on its behalf by:

P Brown - Director

S Brown - 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 net invoiced value of building services, excluding value added tax.

Tangible fixed assets

Property improvements 2.5% per annum on a straight line basis.

Motor vehicles 25% per annum on a reducing balance basis.

Computer equipment 33.3% per annum on a reducing balance basis.

Other plant and equipment 15% per annum on a reducing balance basis.

Stocks

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

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

203,495

Additions

35,053

Disposals

(7,600

)

At 31 October 2014

230,948

DEPRECIATION

At 1 November 2013

154,150

Charge for year

20,137

Eliminated on disposal

(7,226

)

At 31 October 2014

167,061

NET BOOK VALUE

At 31 October 2014

63,887

At 31 October 2013

49,345

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

80

Ordinary Shares

£1

80

80

4.	ULTIMATE CONTROLLING PARTY

There is no controlling party.

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.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

31 October 2014 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Hanley & Co

Chartered Accountants

18 Church Street

Ashton under Lyne

OL6 6XE

Date: .............................................