Boydell & Jacks Limited - Limited company - abbreviated

REGISTERED NUMBER: 01438861 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st December 2013

for

Boydell & Jacks Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S A Jacks

C M Jacks

P J Halstead

A M Knight

SECRETARY:

Mrs C A Starkey

REGISTERED OFFICE:

Wingard House

Healey Wood

Industrial Estate

Burnley

BB11 2HW

REGISTERED NUMBER:

01438861 (England and Wales)

FIXED ASSETS

Intangible assets

2

4,745

5,468

Tangible assets

3

379,927

388,732

384,672

394,200

CURRENT ASSETS

Stocks

335,885

387,384

Debtors

1,079,501

909,324

Cash at bank and in hand

348,895

203,646

1,764,281

1,500,354

CREDITORS

Amounts falling due within one year

4

899,107

754,963

NET CURRENT ASSETS

865,174

745,391

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,249,846

1,139,591

CREDITORS

Amounts falling due after more than one
year

4

(16,500

)

(27,500

)

PROVISIONS FOR LIABILITIES

(21,305

)

(23,356

)

NET ASSETS

1,212,041

1,088,735

CAPITAL AND RESERVES

Called up share capital

5

1,060

Share premium

50,940

Profit and loss account

1,160,041

1,036,735

SHAREHOLDERS' FUNDS

1,212,041

1,088,735

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2013.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 2013 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 17th June 2014 and were signed on its behalf by:

S A Jacks - Director

C M Jacks - 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.

Patents and licences

Amortisation is provided at 5% straight line basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% Straight Line Basis

Long leasehold

-

Amortised over Period of the Lease

Plant and machinery

-

25% Straight Line Basis and 10% Straight Line Basis

Fixtures and fittings

-

25% Straight Line Basis

Motor vehicles

-

25% Straight Line Basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

For work in progress and finished goods manufactured by the company, cost is taken as production cost, which

includes an appropriate proportion of attributable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2013

and 31st December 2013

14,452

AMORTISATION

At 1st January 2013

8,984

Amortisation for year

723

At 31st December 2013

9,707

NET BOOK VALUE

At 31st December 2013

4,745

At 31st December 2012

5,468

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2013

2,082,577

Additions

62,580

Disposals

(42,019

)

At 31st December 2013

2,103,138

DEPRECIATION

At 1st January 2013

1,693,845

Charge for year

63,885

Eliminated on disposal

(34,519

)

At 31st December 2013

1,723,211

NET BOOK VALUE

At 31st December 2013

379,927

At 31st December 2012

388,732

4.

CREDITORS

Creditors include an amount of £ 27,500 (31.12.12 - £ 38,500 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

1,060

Ordinary

£1

1,060