J O Jones Cyf - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07587652 (Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

J O Jones Cyf

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

5

DIRECTORS:

Mr J O Jones

Mr G P Jones

REGISTERED OFFICE:

St. Davids Building

Lombard Street

Porthmadog

Gwynedd

LL49 9AP

REGISTERED NUMBER:

07587652 (Wales)

ACCOUNTANTS:

Dunn & Ellis

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Tangible assets

2

436,369

413,914

CURRENT ASSETS

Stocks

477,996

477,165

Debtors

65,191

58,714

543,187

535,879

CREDITORS

Amounts falling due within one year

855,052

824,027

NET CURRENT LIABILITIES

(311,865

)

(288,148

)

TOTAL ASSETS LESS CURRENT LIABILITIES

124,504

125,766

CREDITORS

Amounts falling due after more than one year

37,485

27,250

NET ASSETS

87,019

98,516

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

86,919

98,416

SHAREHOLDERS' FUNDS

87,019

98,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 16 January 2015 and were signed on its behalf by:

Mr J O Jones - 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, 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.

Plant and machinery etc

-

20% 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.

Hire purchase and leasing commitments

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 1 May 2013

466,752

Additions

73,041

Disposals

(14,000

)

At 30 April 2014

525,793

DEPRECIATION

At 1 May 2013

52,838

Charge for year

36,586

At 30 April 2014

89,424

NET BOOK VALUE

At 30 April 2014

436,369

At 30 April 2013

413,914

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

100

Ordinary

£1

100

100

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 four)

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 J O Jones Cyf for the year ended 30 April 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of J O Jones Cyf, 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 J O Jones Cyf

and state those matters that we have agreed to state to the Board of Directors of J O Jones Cyf, as a body, in this report

in accordance with AAF 2/10 as detailed at 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 J O Jones Cyf 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 J O Jones Cyf. You

consider that J O Jones Cyf 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 J O Jones Cyf. 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.

Dunn & Ellis

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

Date: .............................................