J Casey & Co Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05757445 (England and Wales)

J CASEY & CO LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J A Casey

Mrs S J Casey

SECRETARY:

J A Casey

REGISTERED OFFICE:

Langstone Gate

Solent Road

Havant

Hampshire

PO9 1TR

REGISTERED NUMBER:

05757445 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

CURRENT ASSETS

Debtors

436,810

350,507

Cash at bank and in hand

485,854

389,994

922,664

740,501

CREDITORS

Amounts falling due within one year

235,047

171,911

NET CURRENT ASSETS

687,617

568,590

TOTAL ASSETS LESS CURRENT LIABILITIES

687,617

568,590

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

687,517

568,490

SHAREHOLDERS' FUNDS

687,617

568,590

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 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 17 December 2014 and were signed on its behalf by:

J A Casey - 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 sales of services provided during the year, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been fully

amortised.

Tangible fixed assets

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

Fixtures and fittings

-

33% on cost

Deferred tax

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

balance sheet date.

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

300,000

AMORTISATION

At 1 April 2013

and 31 March 2014

300,000

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

9,382

DEPRECIATION

At 1 April 2013

and 31 March 2014

9,382

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

5.	RELATED PARTY DISCLOSURES

J A and Mrs S J Casey

Directors.

During the year dividends were paid to the directors totalling £60,000 (2013: £61,500).

2014

2013

£

£

Amount due from/(to) related party at the balance sheet date

62,505

(3,203

)

Dromana Wood Investments Ltd

A company in which the directors are shareholders.

Interest of £12,044 (2013: £8,351) was received in the year in relation to this loan.

2014

2013

£

£

Amount due from related party at the balance sheet date

335,247

301,106

Blackwater Financial Consulting Ltd

A company in which the directors are shareholders.

During the year Blackwater Financial Consulting Ltd invoiced the company to the value of £ Nil (2013:

£97,000).

2014

2013

£

£

Amount due to related party at the balance sheet date

97,000

97,000

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by J A Casey, who owns the majority of the issued share capital.