DAVID_JONES_&_CO_(YORKS)_ - Accounts
DAVID_JONES_&_CO_(YORKS)_ - Accounts
Company Registration No. 03224637 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2014
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(115,711 )
(107,535 )
Net current liabilities
(87,343 )
(94,566 )
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Revaluation reserve
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 3 December 2014
Company Registration No. 03224637
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2014
1
Accounting policies
1.1
Accounting convention
1.2
Turnover
1.3
Tangible fixed assets and depreciation
Fixtures, fittings & equipment
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 May 2013
Additions
At 30 April 2014
Depreciation
At 1 May 2013
-
Charge for the year
At 30 April 2014
Net book value
At 30 April 2014
At 30 April 2013
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
4
Other transactions
During the year the company made sales of £3,636 (2013: £4,415) to Mr C D A Jones and Mrs P Z Jones. Rent of £520 was paid to Mrs P Z Jones. No amounts were outstanding at the balance sheet date.