JDS Properties and Developments Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06138382 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31st March 2014

for

JDS Properties and Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

J D Rogers

W D Rogers

SECRETARY:

Mrs M Butcher

REGISTERED OFFICE:

36 Basset Road

CAMBORNE

Cornwall

TR14 8SL

REGISTERED NUMBER:

06138382 (England and Wales)

ACCOUNTANTS:

Anthony Williams & Co Limited

14 North Parade

PENZANCE

Cornwall

TR18 4SL

FIXED ASSETS

Tangible assets

2

154,383

115,243

CURRENT ASSETS

Stocks

10,914

4,000

Debtors

386,173

450,839

Cash at bank and in hand

205,980

31,438

603,067

486,277

CREDITORS

Amounts falling due within one year

213,856

205,013

NET CURRENT ASSETS

389,211

281,264

TOTAL ASSETS LESS CURRENT LIABILITIES

543,594

396,507

CREDITORS

Amounts falling due after more than one year

(7,760

)

-

PROVISIONS FOR LIABILITIES

(18,407

)

(10,728

)

NET ASSETS

517,427

385,779

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

517,227

385,579

SHAREHOLDERS' FUNDS

517,427

385,779

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

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

J D Rogers - Director

W D Rogers - 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 sales of goods and 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

The expected residual value of the property at the end of its expected useful life is thought to be in excess of its

carrying value in these accounts. Therefore the depreciable amount is nil and there is no depreciation in these

accounts for freehold property.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

173,432

Additions

69,318

Disposals

(1,375

)

At 31st March 2014

241,375

DEPRECIATION

At 1st April 2013

58,189

Charge for year

29,719

Eliminated on disposal

(916

)

At 31st March 2014

86,992

NET BOOK VALUE

At 31st March 2014

154,383

At 31st March 2013

115,243

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

11

A Ordinary

£10

110

110

9

B Ordinary

£10

90

90

200

200

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.

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

financial statements of JDS Properties and Developments Limited for the year ended 31st March 2014 which comprise

the Profit and Loss Account, the 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 at www.icaew.com/membershandbook.

This report is made solely to the Board of Directors of JDS Properties and Developments 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 JDS Properties and Developments Limited and state those matters that we have agreed to state

to the Board of Directors of JDS Properties and Developments Limited, as a body, in this report in accordance with AAF

2/10 as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that JDS Properties and Developments 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 JDS Properties and Developments Limited. You consider that JDS Properties and Developments 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 JDS Properties and

Developments 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.

Anthony Williams & Co Limited

14 North Parade

PENZANCE

Cornwall

TR18 4SL

22nd December 2014