03512447 2015-02-01 false true 2016-01-312016-01-31true 03512447 2015-02-01 2016-01-31 03512447 2016-01-31 03512447 2015-01-31 03512447 c:FixturesFittingsToolsEquipment 2015-02-01 2016-01-31 03512447 d:OrdinaryShareClass1 2016-01-31 03512447 d:OrdinaryShareClass1 2015-01-31 03512447 d:OrdinaryShareClass1 2015-02-01 2016-01-31 03512447 d:Director3 2015-02-01 2016-01-31 03512447 c:PlantMachinery 2015-02-01 2016-01-31 xbrli:shares iso4217:GBP

Registered number: 03512447










JULIAN HAINES BOWLS LIMITED








UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED JANUARY 31, 2016

 
JULIAN HAINES BOWLS LIMITED
REGISTERED NUMBER: 03512447

ABBREVIATED BALANCE SHEET
AS AT JANUARY 31, 2016

2016
2015
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
-
628
 
CURRENT ASSETS





 
Stocks
38,230
33,380

 
Debtors
1,579
7,746

 
Cash at bank and in hand

8,942
2,724







 
48,751
43,850
 
CREDITORS: amounts falling due within one year
(14,665)
(13,946)
 
NET CURRENT ASSETS


34,086

29,904
 
TOTAL ASSETS LESS CURRENT LIABILITIES
 34,086

 30,532
  
CAPITAL AND RESERVES

 
Called up share capital
3
100
100
 
Profit and loss account
33,986
30,432
 
SHAREHOLDERS' FUNDS
 

 34,086

 30,532


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at January 31, 2016 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


Page 1

 
JULIAN HAINES BOWLS LIMITED
 
    
ABBREVIATED BALANCE SHEET (continued)
AS AT JANUARY 31, 2016

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on October 31, 2016.





J.J. O'Donnell
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
JULIAN HAINES BOWLS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED JANUARY 31, 2016

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.3
Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.  Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery
-
25% reducing balance basis
Fixtures and fittings
-
15% reducing balance basis

1.4
Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.5
Deferred taxation

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.

Page 3

 
JULIAN HAINES BOWLS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED JANUARY 31, 2016

2.TANGIBLE FIXED ASSETS



£


Cost 


At February 1, 2015
6,493

Disposals
(6,493)


At January 31, 2016

-



Depreciation


At February 1, 2015
5,865

On disposals
(5,865)


At January 31, 2016

-




Net book value


At January 31, 2016
 -


At January 31, 2015

 628


3.SHARE CAPITAL
        2016
        2015
        £

        £

Allotted, called up and fully paid



100 Ordinary shares of £1 each
 100
 100


4.RELATED PARTY TRANSACTIONS


At the year end Mr. J.O'Donnell owed the company £Nil(2015 £3,008). The company loan balance with Functionall Limited totalled £Nil (2015 £8,250) The company loan balance with Bournemouth Indoor Bowls Centre Limited totalled £7,703. The company loan balance with Functionall Catering Limited totalled £800 (2015 was owed £200). Mr & Mrs O'Donnell own the entire share capital of Functionall Limited, Bournemouth Bowls Centre Limited and Functionall Catering Limited.



The FRSSE permits the company to not disclose transactions entered into with a holding company provided the subsidiary is a wholly owned member of the group. The company is therefore taking advantage of this exemption to not disclose transactions between itself and Bournemouth Indoor Bowls Centre Limited.


5.ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

During the year the company was under the control of Bournemouth Indoor Bowls Centre Limited who owned 100% of the share capital. The company is therefore ultimately controlled by the shareholders of the holding company, who are Mr. & Mrs. J. O' Donnell. 

Page 4