J&J Mier Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07722188 (England and Wales)

J&J MIER LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Mier

J A Mier

REGISTERED OFFICE:

Waun Cottage Tram Lane

Llanfrechfa

Cwmbran

NP44 8DG

REGISTERED NUMBER:

07722188 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Intangible assets

4

73,467

77,367

Tangible assets

5

952

6,672

74,419

84,039

CURRENT ASSETS

Debtors

6

1,482

1,316

Cash at bank

22,530

14,994

24,012

16,310

CREDITORS

Amounts falling due within one year

7

62,168

72,481

NET CURRENT LIABILITIES

(38,156

)

(56,171

)

TOTAL ASSETS LESS CURRENT LIABILITIES

36,263

27,868

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

36,163

27,768

SHAREHOLDERS' FUNDS

36,263

27,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors on 7th September 2018 and were signed on its behalf by:

J R Mier - Director

1.	STATUTORY INFORMATION

J&J Mier Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment loss.

The franchise is deemed to have an indefinite useful life and is therefore not amortised.

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

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1st May 2017

and 30th April 2018

78,000

20,817

98,817

AMORTISATION

At 1st May 2017

21,450

-

21,450

Charge for year

3,900

-

3,900

At 30th April 2018

25,350

-

25,350

NET BOOK VALUE

At 30th April 2018

52,650

20,817

73,467

At 30th April 2017

56,550

20,817

77,367

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st May 2017

3,846

7,000

10,846

Disposals

-

(7,000

)

(7,000

)

At 30th April 2018

3,846

-

3,846

DEPRECIATION

At 1st May 2017

2,424

1,750

4,174

Charge for year

470

-

470

Eliminated on disposal

-

(1,750

)

(1,750

)

At 30th April 2018

2,894

-

2,894

NET BOOK VALUE

At 30th April 2018

952

-

952

At 30th April 2017

1,422

5,250

6,672

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

VAT

1,482

1,316

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

43,268

34,867

Tax

5,657

7,698

Social security and other taxes

295

249

Other creditors

58

33

Directors' current accounts

10,386

27,249

Accruals and deferred income

2,504

2,385

62,168

72,481

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

40

Ordinary A

£1

40

40

40

Ordinary B

£1

40

40

20

Ordinary C

£1

20

20

100

100

9.	RELATED PARTY DISCLOSURES

As at 30 April 2018 £10,386 was owed to J R and J A Mier (2017 : £27,069 was owed to J R and J A

Mier and £180 was owed to J R Lewis).