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

REGISTERED NUMBER: 06665767 (England and Wales)

J & J Designs (Staffordshire) Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Holmes

Mrs J Holmes

SECRETARY:

Mrs J Holmes

REGISTERED OFFICE:

Lymore Villa

162a London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

REGISTERED NUMBER:

06665767 (England and Wales)

ACCOUNTANTS:

Slaters & Co Accountants

Lymore Villa

162a London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

FIXED ASSETS

Intangible assets

4

-

3,000

Tangible assets

5

25,732

33,664

25,732

36,664

CURRENT ASSETS

Stocks

294,933

318,183

Debtors

6

4,515

6,958

Cash at bank and in hand

40,996

74,898

340,444

400,039

CREDITORS

Amounts falling due within one year

7

254,253

376,992

NET CURRENT ASSETS

86,191

23,047

TOTAL ASSETS LESS CURRENT LIABILITIES

111,923

59,711

CREDITORS

Amounts falling due after more than one year

8

(41,283

)

(45,088

)

PROVISIONS FOR LIABILITIES

(4,889

)

(6,396

)

NET ASSETS

65,751

8,227

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

65,749

8,225

SHAREHOLDERS' FUNDS

65,751

8,227

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 January 2019 and were signed on its behalf by:

J Holmes - Director

1.	STATUTORY INFORMATION

J & J Designs (Staffordshire) 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 represents net invoice value of goods / services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten 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 losses.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

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 9 (2017 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2017

and 30 September 2018

30,000

AMORTISATION

At 1 October 2017

27,000

Charge for year

3,000

At 30 September 2018

30,000

NET BOOK VALUE

At 30 September 2018

-

At 30 September 2017

3,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2017

73,972

5,123

4,110

83,205

Additions

-

848

-

848

Disposals

(1,191

)

-

(636

)

(1,827

)

At 30 September 2018

72,781

5,971

3,474

82,226

DEPRECIATION

At 1 October 2017

43,111

2,962

3,468

49,541

Charge for year

7,718

752

214

8,684

Eliminated on disposal

(1,106

)

-

(625

)

(1,731

)

At 30 September 2018

49,723

3,714

3,057

56,494

NET BOOK VALUE

At 30 September 2018

23,058

2,257

417

25,732

At 30 September 2017

30,861

2,161

642

33,664

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

4,515

6,958

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

5,509

5,509

Trade creditors

58,841

51,181

Taxation and social security

38,293

47,507

Other creditors

151,610

272,795

254,253

376,992

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

41,283

45,088

9.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by its directors, Mr and Mrs J Holmes, who own

100% of the company's ordinary share capital.