2013-06-01
true
false
Private Limited Company
07264806
2014-05-31
07264806
2013-06-01
2014-05-31
07264806
2013-05-31
07264806
2012-06-01
2013-05-31
07264806
uk-bus:Director1
2013-06-01
2014-05-31
iso4217:GBP
For the year ended 31 May 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07264806
2
John Oates Ltd
For the year ended 31 May 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
John Oates Ltd
Accountants' Report
For the year ended 31 May 2014
| As described on the balance sheet you are responsible for the preparation of the financial statements for the |
| year ended 31 May 2014 and you consider that the company is exempt from an audit under the Companies |
| Act 2006. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist |
| you to fulfil your statutory responsibilities, from the accounting records and information and explanations |
| supplied to us. |
Vickers Reynolds & Co Ltd
'The Stables'
80 Dudley Road
Lye, Stourbridge
West Midlands
DY9 8EL
1 of 4
4
| Abbreviated Balance Sheet |
John Oates Ltd
2014
2013
2
100,451
50,451
3
58,495
60,978
158,946
111,429
15,488
16,045
110,272
142,851
22,644
13,815
181,540
139,575
| Creditors: amounts falling due within one year |
(155,633)
(171,460)
(16,058)
10,080
Net current assets
| Total assets less current liabilities |
169,026
95,371
169,026
Net assets
95,371
100
100
25,000
25,000
143,926
70,271
169,026
95,371
Shareholders funds
| For the year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, |
| 2) The director acknowledges his 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. |
| Date approved by the board: 29 July 2014 |
| Michael Oates Haddock Director |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
John Oates Ltd
For the year ended 31 May 2014
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Proposed dividends are only included as liabilities in the financial statements when their payment has been |
| approved by the shareholders prior to the balance sheet date. |
| Research and development expenditure is charged to the profit and loss account in the period in which it is |
| incurred. However, where the directors are satisfied as to the technical, commercial and financial viability of |
| individual projects, development expenditure is deferred and amortised over 10 years during which the company |
| is expected to benefit. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
| Stocks and work in progress |
| Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
| 2 Intangible fixed assets |
50,451
50,000
100,451
3 of 4
6
| Notes to the Abbreviated Financial Statements |
John Oates Ltd
For the year ended 31 May 2014
62,074
4,488
66,562
1,096
6,971
Charge for year
8,067
58,495
60,978
4 of 4
