J Davies Salvage Limited - Limited company - abbreviated - 11.0.0

J Davies Salvage Limited - Limited company - abbreviated - 11.0.0

DAVIES SALVAGE LIMITED - Company Information

Print Friendly Version

07805491 1.11.12 31.10.13 31.10.13 Company accounts Private Limited Company FY true false true false true false false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure078054912012-10-31078054912013-10-31078054912012-11-012013-10-31078054912011-10-10078054912011-10-112012-10-31078054912012-10-3107805491ns12:England2012-11-012013-10-3107805491ns14:PoundSterling2012-11-012013-10-3107805491ns7:Director12012-11-012013-10-3107805491ns7:OrdinaryShareClass12012-11-012013-10-3107805491ns7:Director22012-11-012013-10-3107805491ns7:RegisteredOffice2012-11-012013-10-3107805491ns7:EntityAccountantsOrAuditors2012-11-012013-10-3107805491ns5:PlantMachinery2012-11-012013-10-3107805491ns7:OrdinaryShareClass12013-10-3107805491ns7:OrdinaryShareClass12012-10-3107805491ns7:Director12012-10-3107805491ns7:Director12011-10-1007805491ns7:Director12011-10-112012-10-3107805491ns7:Director12013-10-3107805491ns7:Director12012-10-31
REGISTERED NUMBER: 07805491 (England and Wales)

















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2013

FOR

J DAVIES SALVAGE LIMITED

J DAVIES SALVAGE LIMITED (REGISTERED NUMBER: 07805491)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

J DAVIES SALVAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2013







DIRECTORS: J P Davies
Mrs A J H Davies





REGISTERED OFFICE: 2 Dalliwell Cottages
Stathern
Melton Mowbray
Leicestershire
LE14 4HG





REGISTERED NUMBER: 07805491 (England and Wales)





ACCOUNTANTS: seven7seven
10 Kingswell Avenue
Arnold
Nottingham
NG5 6SY
Page 1
J DAVIES SALVAGE LIMITED (REGISTERED NUMBER: 07805491)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 13,587 -
Tangible assets 3 1,489 -
15,076 -

CURRENT ASSETS
Stocks 5,020 2,000
Debtors - 4,767
Cash at bank 8,885 636
13,905 7,403
CREDITORS
Amounts falling due within one year 23,972 2,029
NET CURRENT (LIABILITIES)/ASSETS (10,067 ) 5,374
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,009
5,374

CAPITAL AND RESERVES
Called up share capital 4 100 1
Profit and loss account 4,909 5,373
SHAREHOLDERS' FUNDS 5,009 5,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 notes form part of these abbreviated accounts

Page 2 continued...
J DAVIES SALVAGE LIMITED (REGISTERED NUMBER: 07805491)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2013


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 29 July 2014 and were signed on its
behalf by:





J P Davies - Director


The notes form part of these abbreviated accounts

Page 3
J DAVIES SALVAGE LIMITED (REGISTERED NUMBER: 07805491)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2013

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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

Plant and machinery - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
Additions 16,984
At 31 October 2013 16,984
AMORTISATION
Amortisation for year 3,397
At 31 October 2013 3,397
NET BOOK VALUE

At 31 October 2013 13,587

Page 4 continued...
J DAVIES SALVAGE LIMITED (REGISTERED NUMBER: 07805491)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 1,752
At 31 October 2013 1,752
DEPRECIATION
Charge for year 263
At 31 October 2013 263
NET BOOK VALUE
At 31 October 2013 1,489

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
100 Ordinary £1.00 100 1

99 Ordinary shares of £1.00 each were allotted and fully paid for cash at par during the year.

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 October 2013 and
the period ended 31 October 2012:

2013 2012
£    £   
J P Davies
Balance outstanding at start of year 4,767 -
Amounts advanced - 4,767
Amounts repaid (4,767 ) -
Balance outstanding at end of year - 4,767

Page 5