Abbreviated Company Accounts - JONES GILES LIMITED

JONES GILES LIMITED - Company Information

Registered Number 05781441

JONES GILES LIMITED

Abbreviated Accounts

30 April 2014

JONES GILES LIMITED Registered Number 05781441

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	9,766	14,649
Investments	3	250	250
		10,016	14,899
Current assets
Stocks		52,127	8,686
Debtors		49,968	12,434
Cash at bank and in hand		105,007	106,055
		207,102	127,175
Creditors: amounts falling due within one year		(96,515)	(37,050)
Net current assets (liabilities)		110,587	90,125
Total assets less current liabilities		120,603	105,024
Total net assets (liabilities)		120,603	105,024
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		119,603	104,024
Shareholders' funds		120,603	105,024

For the year ending 30 April 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 December 2014

And signed on their behalf by:
Mrs M R Giles, Director

JONES GILES LIMITED Registered Number 05781441

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 20% reducing balance basis
Equipment - 25% reducing balance basis

Intangible assets amortisation policy
Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 20% straight line basis

Other accounting policies
Work in progress

Work in progress is valued on the basis of the value of turnover in the first three months of the next accounting period.

2Tangible fixed assets

	£
Cost
At 1 May 2013	47,976
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	47,976
Depreciation
At 1 May 2013	33,327
Charge for the year	4,883
On disposals	-
At 30 April 2014	38,210
Net book values
At 30 April 2014	9,766
At 30 April 2013	14,649

3Fixed assets Investments
The investment comprises shares in a non listed UK company which were acquired at par.