Caseware UK (AP4) 2014.0.91 2014.0.91 2017-01-312017-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseretailer of bowls goodsfalse2016-02-01 03512447 2016-02-01 2017-01-31 03512447 2015-02-01 2016-01-31 03512447 2017-01-31 03512447 2016-01-31 03512447 2015-02-01 03512447 c:Director3 2016-02-01 2017-01-31 03512447 d:PlantMachinery 2016-02-01 2017-01-31 03512447 d:FurnitureFittings 2016-02-01 2017-01-31 03512447 d:FurnitureFittings 2017-01-31 03512447 d:FurnitureFittings 2016-01-31 03512447 d:CurrentFinancialInstruments 2017-01-31 03512447 d:CurrentFinancialInstruments 2016-01-31 03512447 d:CurrentFinancialInstruments d:WithinOneYear 2017-01-31 03512447 d:CurrentFinancialInstruments d:WithinOneYear 2016-01-31 03512447 d:ShareCapital 2017-01-31 03512447 d:ShareCapital 2016-01-31 03512447 d:ShareCapital 2015-02-01 03512447 d:RetainedEarningsAccumulatedLosses 2016-02-01 2017-01-31 03512447 d:RetainedEarningsAccumulatedLosses 2017-01-31 03512447 d:RetainedEarningsAccumulatedLosses 2015-02-01 2016-01-31 03512447 d:RetainedEarningsAccumulatedLosses 2016-01-31 03512447 d:RetainedEarningsAccumulatedLosses 2015-02-01 03512447 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2017-01-31 03512447 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2016-01-31 03512447 c:FRS102 2016-02-01 2017-01-31 03512447 c:AuditExempt-NoAccountantsReport 2016-02-01 2017-01-31 03512447 c:FullAccounts 2016-02-01 2017-01-31 03512447 c:PrivateLimitedCompanyLtd 2016-02-01 2017-01-31 iso4217:GBP xbrli:pure

Registered number: 03512447










JULIAN HAINES BOWLS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

 
JULIAN HAINES BOWLS LIMITED
REGISTERED NUMBER: 03512447

BALANCE SHEET
AS AT 31 JANUARY 2017

2017
2016
Note
£
£

  

Current assets
  

Stocks
 5 
48,230
38,230

Debtors: amounts falling due within one year
 6 
3,800
4,587

Cash at bank and in hand
 7 
10,242
8,942

  
62,272
51,759

Creditors: amounts falling due within one year
 8 
(23,070)
(17,676)

Net current assets
  
 
 
39,202
 
 
34,083

Total assets less current liabilities
  
39,202
34,083

  

Net assets
  
39,202
34,083


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
39,102
33,983

  
39,202
34,083


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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 October 2017.



J.J. O'Donnell
Director
The notes on pages 5 to 11 form part of these financial statements.
Page 1

 
JULIAN HAINES BOWLS LIMITED
REGISTERED NUMBER: 03512447
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2017


Page 2

 
JULIAN HAINES BOWLS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2017


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 February 2016
100
33,983
34,083


Comprehensive income for the year

Profit for the year

-
5,119
5,119


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
5,119
5,119


Total transactions with owners
-
-
-


At 31 January 2017
100
39,102
39,202

Page 3

 
JULIAN HAINES BOWLS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2016


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 February 2015
100
30,432
30,532


Comprehensive income for the year

Profit for the year

-
3,551
3,551


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
3,551
3,551


Total transactions with owners
-
-
-


At 31 January 2016
100
33,983
34,083


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
JULIAN HAINES BOWLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017

1.


General information

The entity is a private limited company incorporated in England and Wales. The registered office is located at Bournemouth Indoor Bowls Centre, Kings Park, Bournemouth, Dorset,BH7 6JD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
·the Company has transferred the significant risks and rewards of ownership to the buyer;
·the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
·the amount of revenue can be measured reliably;
·it is probable that the Company will receive the consideration due under the transaction; and
·the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
JULIAN HAINES BOWLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

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

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
JULIAN HAINES BOWLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Interest income

Interest income is recognised in the Profit and loss account using the effective interest method.

 
2.11

Taxation

Tax is recognised in the Profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2016 - 1).

Page 7

 
JULIAN HAINES BOWLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 February 2016
300



At 31 January 2017

300



Depreciation


At 1 February 2016
300



At 31 January 2017

300



Net book value



At 31 January 2017
-



At 31 January 2016
-


5.


Stocks

2017
2016
£
£

Finished goods and goods for resale
48,230
38,230

48,230
38,230



6.


Debtors

2017
2016
£
£


Other debtors
3,800
4,587

3,800
4,587


Page 8

 
JULIAN HAINES BOWLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017

7.


Cash and cash equivalents

2017
2016
£
£

Cash at bank and in hand
10,242
8,942

10,242
8,942



8.


Creditors: Amounts falling due within one year

2017
2016
£
£

Trade creditors
1,048
851

Corporation tax
1,633
354

Other taxation and social security
2,485
2,857

Other creditors
15,804
11,514

Accruals and deferred income
2,100
2,100

23,070
17,676



9.


Financial instruments

2017
2016
£
£

Financial assets


Financial assets measured at fair value through profit or loss
10,242
8,942

10,242
8,942





Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


10.


Pension commitments

"The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £22 (2016 - £Nil). 

Page 9

 
JULIAN HAINES BOWLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017

11.


Related party transactions

At year end the company owed it's parent company Bournemouth Indoor Bowls Centre Limited £11,983 (2016 £7,703). The company also owed £800 (2016 £800) to Functionall Catering Limited. The directors, Mr & Mrs O'Donnell, own the entire share capital of both Bournemouth Indoor Bowls Centre Limited and Functionall Catering Limited. FRS102a permits the company to not disclose transactions entered into with a holding company provided the subsidiary is a wholly owned member of a group. The company is therefore taking advantage of this exemption to not disclose transactions between itself and Bournemouth Indoor Bowls Centre Limited.


12.


Controlling party

During the year the company was under the control of Bournemouth Indoor Bowls Centre Limited who owned 100% of the share capital. That company shares the same registered office address as Julian Haines Bowls Limited.

Page 10
 


 
JULIAN HAINES BOWLS LIMITED


 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017

13.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

 
Page 11