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Registered number: 03512447
JULIAN HAINES BOWLS LIMITED
UNAUDITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED JANUARY 31, 2015
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JULIAN HAINES BOWLS LIMITED
REGISTERED NUMBER: 03512447
ABBREVIATED BALANCE SHEET
AS AT JANUARY 31, 2015
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CREDITORS: amounts falling due within one year
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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, 2015 and of its loss 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
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JULIAN HAINES BOWLS LIMITED
ABBREVIATED BALANCE SHEET (continued)
AS AT JANUARY 31, 2015
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 29, 2015.
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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JULIAN HAINES BOWLS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED JANUARY 31, 2015
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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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 April 2008).
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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.
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Tangible fixed assets and depreciation
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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:
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25% reducing balance basis
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15% reducing balance basis
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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.
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2.TANGIBLE FIXED ASSETS
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At February 1, 2014 and January 31, 2015
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Page 3
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JULIAN HAINES BOWLS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED JANUARY 31, 2015
3.SHARE CAPITAL
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Allotted, called up and fully paid
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100 Ordinary shares of £1 each
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4.RELATED PARTY TRANSACTIONS
At the year end Mr. J.O'Donnell owed the company £3,008 (2014 £208). The company loan balance with Functionall Limited totalled £8,250 (2014 £5,000) The company loan balance with Bournemouth Indoor Bowls Centre Limited totalled £2,313. Mr & Mrs O'Donnell own the entire share capital of both Functionall Limited and Bournemouth Bowls Centre Limited .
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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.
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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
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