REGISTERED NUMBER: 00616989 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

J TIMS & SONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J C Tims

G A Cowd

SECRETARY:

Mrs Z V Tims

REGISTERED OFFICE:

Timsway

Chertsey Lane

Staines

Middlesex

TW18 3JY

REGISTERED NUMBER:

00616989 (England and Wales)

ACCOUNTANTS:

H.G.Field & Co.

Accountants and Financial Advisors

Ludwell House

2 Guildford Street

Chertsey

Surrey

KT16 9BQ

BANKERS:

Barclays Bank Ltd

Staines Group

PO Box 6

Staines

Middlesex

TW18 4PS

FIXED ASSETS

Tangible assets

2

214,665

548,704

Investment property

3

357,000

-

571,665

548,704

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

58,351

49,309

Cash at bank

252,066

226,803

311,417

277,112

CREDITORS

Amounts falling due within one year

143,315

162,722

NET CURRENT ASSETS

168,102

114,390

TOTAL ASSETS LESS CURRENT LIABILITIES

739,767

663,094

CAPITAL AND RESERVES

Called up share capital

4

103

103

Revaluation reserve

31,250

-

Profit and loss account

708,414

662,991

SHAREHOLDERS' FUNDS

739,767

663,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 17 December 2014 and were signed on its behalf by:

J C Tims - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of goods and services, 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost and 10% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Stocks

Stocks are stated at the lower of cost and net realisable value.

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.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

712,829

Reclassification/transfer

(325,750

)

At 31 March 2014

387,079

DEPRECIATION

At 1 April 2013

164,125

Charge for year

8,289

At 31 March 2014

172,414

NET BOOK VALUE

At 31 March 2014

214,665

At 31 March 2013

548,704

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

Revaluations

31,250

Reclassification/transfer

325,750

At 31 March 2014

357,000

NET BOOK VALUE

At 31 March 2014

357,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

as restated

£

£

100

Ordinary

£1

100

100

2

A Ordinary

£1

2

2

1

B Ordinary

£1

1

1

103

103

The ordinary A shares have the same voting rights and rank pari passu with the ordinary shares in the event of

the company being wound up. The ordinary B shares are non voting and non participating shares.